Alation, Inc.THE data intelligence companyannounced today the Data Culture Maturity Assessment to help organizations measure the value of their data culture.
The evaluation, “How can organizations measure the value of data culture?”, allows organizations to quantify and demonstrate how a mature data culture contributes to business value, drives innovation and accelerates digital transformation.
In an increasingly data-driven world, especially due to the rise of AI, businesses today are increasingly concerned about how to protect their critical and sensitive data. In fact, it is predicted that almost all employees will naturally and regularly leverage data to support their work by 2025.
How businesses can benefit from data and analytics
Data leaders must demonstrate how data programs produce tangible business benefits, especially in tougher financial times. Alation’s Recent Searches reveals that organizations dedicated to cultivating a a strong data culture drive innovation and agility and gain a distinct competitive advantage.
Alation also found that although 89% of organizations with strong data leadership report meeting or exceeding their revenue goals over the past year, companies are still hesitant to invest in data architecture that supports decision making. The company cites this as being because data industry leaders are struggling to justify the value of data initiatives under restrictive budgetary conditions.
At a time when businesses are witnessing the mass adoption of new technologies like AI, they are also having to face new challenges therefore associated with data governance. With strong data governance capabilities, the potential impact of these technologies can even expose businesses to data and cybersecurity risks.
As a result, the Data Culture Maturity Assessment is designed to enable organizations to address challenges related to the value of data and the lack of uniform metrics. The framework was created through extensive collaboration with Alation’s global customer base, 40% of which are Fortune 100 companies, to understand which metrics are most important when it comes to data culture maturity.
The assessment also allows organizations to link data programs to business objectives. As a result, organizations can combine specific metrics across data search and discovery, data governance, data literacy, and data leadership to measure their impact.
It also measures how business value is generated within an organization, for example by measuring the maturity of an organization’s search and data discovery capabilities and showing the impact on business analyst productivity. Through this, Alation aims to help businesses explicitly demonstrate the value of developing a data culture through the impact of specific data initiatives.
“The true business value and competitive advantage lies in mature data practices,” said Julie Smith, director of data and analytics at Alation. “This is how organizations can confidently manage data to achieve their goals, make decisions and add value. The approach to success is not universal; it is as unique as each organization’s approach to defining it.
She continues: “Through assessing data culture maturity, organizations can align data initiatives, such as self-service, data governance, and accelerating cloud migration , with company-specific goals and establishing clear metrics to measure success.
“Data must be a collaborative enterprise, connecting different departments and roles, and laying the foundation for a future in which it acts as a catalyst to drive innovation and strategic growth throughout the organization. It’s our way of helping organizations chart their path forward.
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