What Data Leaders Do To Keep Their Edge
Curated from: forbes.com
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Data leaders are more productive
- They develop twice as many new products as lagging organizations.
- They're almost twice as likely to say their data-fueled product innovation has let them enter new markets and increase customer wallet share.
- They even have increased employee productivity by nearly twice as much as competitors.
- Data leaders are nearly twice as likely to be directly monetizing their data.
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“The value of data is what you do with it. Accelerating and improving innovation with data requires a culture that’s ready to take that data and run with it.”
STUDY CONDUCTED BY THE ENTERPRISE STRATEGY GROUP
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What data leaders do to keep their edge
- Leaders are better at getting data into the hands of their own disruptors.
- Dig deep into data.
- Employ cloud analytics and observability. They’re way ahead of the pack in edge computing and observability.
- Incentivize innovation with data. 64% of leaders provide employee bonuses tied to nonfinancial innovation metrics, versus 40% of laggards.
- Data innovation leaders are more likely to use nonfinancial metrics to measure innovation.
- Make innovation someone’s job. Leaders in data innovation are more likely to employ executives in innovation-centric roles.
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