BUSINESS STRATEGY everybody in the business takes part , the effects can be transformative .
Why does this matter to business ?
It ’ s no overstatement to say that data science is transforming the world . Every department , in every company , in every industry , is experiencing the pull of ‘ Big Data ’ – for which the applications seem innumerable . Less than 0.5 % of all data produced is ever analysed and used . That 99.5 % represents pristine , untapped potential .
It ’ s that simple . In an environment as complex as ours , decisions based solely on judgement just won ’ t cut it anymore . This is especially true in large companies with many moving parts . Data-driven problem solving is necessary , and by
extension , so is having data literate employees . x
Boris Paillard , CEO , Le Wagon
According to research from Gartner , almost nine in 10 ( 87 %) senior business leaders cited digitisation as a company priority , however only 40 % of organisations have actually implemented digital initiatives at scale . Most businesses are lagging behind in data-driven operations ; here lies the opportunity for those willing to take it . In 2019 , research from Adobe found that digital-first companies were 64 % more likely than their peers to have exceeded their top 2018 business goal . At this stage , embedding data science literacy into your business is a matter of staying competitive .
If we have to single out one unambiguous reason that data science literacy matters to business , it ’ s this : data makes for better decision making .
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