what you should know about this platform
Definition
Data fluency is the ability to comprehend data and information and garner insights from this information to enhance decision-making process. All producers and consumers of data across the organization have an understanding of the ability to use data to improve business processes.
Benefits
Purpose
Evaluate organisations's Data Fluency level; the ability to generate data, store them effectively and generate maximum value from them
Methodology
Evaluation is based on answers to series of weighted questions. A qualitative score is awarded after providing answers to these questions and recommendations made.
Designed For
This platform is designed for organisations in different sectors of the economy and cuts across both non-profit and for-profit businesses
data fluency components
Data Stewardship
This measures how well your organization has developed an ecosystem for effective data accountability. If there are no dedicated data stewards, your efforts to use data productively will be frustrated. Data accountability allows for consistently high quality data generation and use that meet business needs.
Data Governance
This measures how well your company has documented and adhered to policies around availability, usability, integrity and security of business data. This is increasingly important as organizations have to adhere to unceasing data privacy regulations. It is important to clearly document who can use what data and how.
Data Infrastructure
This measures the availability of in-house tools necessary to turn data into meaningful insights that can inform business decisions. Investment in key data infrastructure is inevitable for a data-driven organization. Also, data security has to be paramount when considering infrastructure for your data.
Organisation Readiness
This measures the level of preparedness of your organization to use data to optimize business processes and inform strategies. For example, are all members of staff abreast of basic data analytics? You must be intentional about being ready to unlock the magic of data. You can be data- ready by putting processes in place to enable organization-wide data readiness.
Decision Making
This measures how much you use data and data insights to inform critical business decision. This is the hallmark. The use of data in your business strategies can make a whole lot of difference. Data must inform all initiatives in order to compete favourably in today’s business competitive landscape.