Post-digital governments are rapidly evolving their data and analytics investments to generate critical insights for core mission needs. As global, economic and environmental instability increases, 'simple' extrapolation from past experiences is no longer sufficient to address government challenges.
Data analytics involves a significant amount of computational and human effort. However, excessive data consumption can lead to inefficiencies and hinder the ability to obtain valuable insights. Bastin Robin, CTO and Chief Data Scientist CleverInsight, recommends beginning with the right question to analyze the data.
By utilizing data visualization tools, the Catholic School Office of Parramatta Diocese has achieved a 94% accuracy rate in forecasting student performance. These data insights are then used for timely interventions that lead to an improvement in performance across the board.
Data has become more pervasive as almost every organization uses data and analytics for strategic and operational decisions. But a D&A organization needs to adopt the right data model and have a data-driven culture to drive business value and contribute to stakeholder outcomes.
Capgemini is one of the few organizations to have deployed a dedicated data hub for decisions on sustainability purposes. The stakeholders get clean, verified data to draw insights and take informed decisions on factors like carbon footprint, net zero and climate issues.
Demand for data center infrastructure is growing exponentially due to the rapid rate at which India is digitalizing consumer services. India also has a massive population of nearly 1.4 billion people, so these services will need to be provided at scale and in a short time.
Data has become a key tenet of business. To derive value from data, all stakeholders in the data and analytics organization need to speak a common language. It is also imperative for organizations to have good data literacy and data culture.
Attention is fast becoming a scarce resource in the hyper-digital age. Digital products are fiercely competing for the "limited attention" of consumers. In this modern, digital-centric economy, the CXOs have to increasingly focus on how their products can capture attention without information overload.
Jagjit Dhaliwal, vice president and global CIO industry leader for UiPath, is optimistic about automation being the first step toward operational efficiency and digital transformation. Automation helps CIOs in bringing necessary controls and transparency.
Data and analytics practitioners focus a lot on the delivery and implementation of their platforms and their tools and the integration of data from different sources. But unless they align with business purpose, business value, goals and outcomes, they will not necessarily achieve that value.