{"id":2142,"date":"2019-12-18T02:41:29","date_gmt":"2019-12-17T23:41:29","guid":{"rendered":"http:\/\/kusuaks7\/?p=1747"},"modified":"2024-02-08T11:05:17","modified_gmt":"2024-02-08T11:05:17","slug":"businesses-have-plenty-of-data-so-why-arent-they-using-it","status":"publish","type":"post","link":"https:\/\/www.experfy.com\/blog\/bigdata-cloud\/businesses-have-plenty-of-data-so-why-arent-they-using-it\/","title":{"rendered":"Businesses Have Plenty Of Data, So Why Aren\u2019t They Using It?"},"content":{"rendered":"\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\tWhen employees have better access to data, they end up making better decisions.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\tCompanies across sectors are already well in the habit of collecting relevant historical and business data to make projections and forecast the unknown future. They\u2019re collecting this data at such a scale that \u201cbig data\u201d has become a buzzword technology. They want lots of it because they want an edge wherever they can get it \u2014 who wouldn\u2019t?\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\tBut it\u2019s not only the quantity and quality of the data a company collects that play a pivotal role in how that company moves forward \u2014 it\u2019s also a question of access. When businesses democratize access to that data such that it\u2019s accessible to workers throughout a hierarchy (and those workers end up actually interacting with it), it increases the quality of decisions made on lower rungs of the ladder. Those decisions end up being more often data-informed, and data is power.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\tBut that\u2019s easier said than done lately. Businesses have no issue collecting data nowadays, but they do tend to keep it cordoned off.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t

Data Sticks to the Top of a Business Hierarchy<\/strong><\/h3><\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\tA business\u2019s C-suite (often with help from a technical data science team) makes the big-picture decisions that guide the company\u2019s overall development. This means the employees using data to inform a chosen course of action (like last year\u2019s revenue versus this year\u2019s revenue, or a certain client\u2019s most common order) are either highly ranked within the company, or are wonky data specialists. Data lives behind a velvet rope, so to speak.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\tBut this data would be eminently useful to people throughout an organization, regardless of their rank or tenure. Such a level of access would make it more likely that data guides every decision, and that would lead to more desirable business outcomes over time. It might even overtly motivate employees by subtly reinforcing the idea that results are tracked and measured.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t

Data Tends Not to Trickle Down to the Appropriate Sources<\/strong><\/h3>\n<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\tWho better to have a clear view of the business landscape than the employees who toe the front lines every day?\u00a0 What would change if disparate employees scattered throughout an organization suddenly had access to actionable data points? These are the people positioned to actually make a tweak or optimization from the get-go. Whoever comes up with a data-informed strategy on a strong way forward, these are the people actually implementing it. But an organization-level awareness of an actionable data point doesn\u2019t necessarily equate to action.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\tAs previously established, data has a high center of gravity. It is managerial food for thought on the way to designing and executing longer-term business strategies.\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t

By the Time a Piece of Data Reaches an Appropriate Source, it\u2019s not Necessarily in a Form He or She Can\u2019t Interact with or Understand<\/strong><\/h3>\n<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\tAs much as managers might like to think otherwise, there are people in their organization thinking in less than granular terms. They aren\u2019t necessarily thinking about the costs their actions may or may not be having on the company, they don\u2019t think about the overall bottom line. That\u2019s why it\u2019s important that data be in a form that people can use or understand, because it doesn\u2019t always reach them that way.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\tGetting data into a useable, understandable form happens by preserving connection between departments and avoiding disconnects.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t

There Seems to be a Big Data Disconnect at the Intersection of Engineering and Product Development<\/strong><\/h3><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\tThis is the intersection is where a business\u2019s technical prowess meets its ability to design a great product. While the two pursuits are clearly related to one another on the way to great product design, it\u2019s rare that one person should excel at both.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\tThe people who design groundbreaking computer algorithms aren\u2019t necessarily the people who design a groundbreaking consumer product, and vice versa. They need each other\u2019s help to understand each other.\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\tBut data is the shared language that makes understanding possible. Not everyone has years of data science training, not everyone has business leadership experience, but even people doing menial things can still benefit from great access to data. Coming across the year\u2019s growth goal, for example, might trigger a needle-moving idea from someone on how to actually get there. Great things happen when employees build a shared understanding of the raw numbers that drive everything they do.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\tBusinesses already collect so much data in the course of their day-to-day operations. But they could start using that data more effectively by bringing it out from behind the curtain, presenting employees across the board with easy access and interaction for it. The motivation for doing so should be clear: when more people think about the same problem in the same terms, that problem is more likely to be solved.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\nAll they need is access to the data that makes it possible.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

Companies across sectors are already collecting data at such a scale that big data has become a buzzword technology. They want lots of it because they want an edge wherever they can get it.  Who wouldn’t? Data increases the quality of decisions made on lower rungs of the ladder. Those decisions end up being more often data-informed, and data is power. But that’s easier said than done lately. Businesses have no issue collecting data nowadays, but they do tend to keep it cordoned off.<\/p>\n","protected":false},"author":694,"featured_media":3081,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[187],"tags":[95],"ppma_author":[3496],"class_list":["post-2142","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bigdata-cloud","tag-big-data-amp-technology"],"authors":[{"term_id":3496,"user_id":694,"is_guest":0,"slug":"simone-di-somma","display_name":"Simone Somma","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&r=g","user_url":"","last_name":"Somma","first_name":"Simone","job_title":"","description":"Simone Di Somma is Founder and CEO at Askdata<\/a>, the leading provider of Natural Language-driven Analytics for the Enterprises. He has been a speaker at various events about the benefits of AI."}],"_links":{"self":[{"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/posts\/2142","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/users\/694"}],"replies":[{"embeddable":true,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/comments?post=2142"}],"version-history":[{"count":4,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/posts\/2142\/revisions"}],"predecessor-version":[{"id":35896,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/posts\/2142\/revisions\/35896"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/media\/3081"}],"wp:attachment":[{"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/media?parent=2142"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/categories?post=2142"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/tags?post=2142"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/ppma_author?post=2142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}