10 Steps to Creating a Data-Driven Culture

08/07/24 at 03:00 AM

10 Steps to Creating a Data-Driven Culture
Harvard Business Review; by David Waller; 2/6/20
Exploding quantities of data have the potential to fuel a new era of fact-based innovation in corporations, backing up new ideas with solid evidence. Buoyed by hopes of better satisfying customers, streamlining operations, and clarifying strategy, firms have for the past decade amassed data, invested in technologies, and paid handsomely for analytical talent. Yet for many companies a strong, data-driven culture remains elusive, and data are rarely the universal basis for decision making. Why is it so hard? ... So we’ve distilled 10 data commandments to help create and sustain a culture with data at its core.

  1. Data-driven culture starts at the (very) top.
  2. Choose metrics with care — and cunning.
  3. Don’t pigeonhole your data scientists.
  4. Fix basic data-access issues quickly.
  5. Quantify uncertainty.

Publisher's note: Please see this interesting (albeit slightly dated) article for all 10 steps. Thanks to Ernesto Lopez, President of The Denver Hospice, for sharing this article.

Back to Literature Review