In the midst of busy and complex reality, in the circles of people, companies, and organizations, it’s always nice to discuss with colleagues and friends shared business and managerial challenges and find out that everyone is in the same boat facing the same storm.
In these weeks, we’re holding roundtable sessions on how to build a data-driven enterprise by 2025 and how to tackle the challenges of data. During a constructive and beneficial discussion with leading Israeli data and digital managers, we realized that other organizations and industries face similar challenges.
Below are some insights from the field:
- A recurring theme is how data is woven into every decision, process, and business interaction, and how difficult it is to become a data-driven organization. The participants have all agreed that it is important to clarify and refine the business challenge: what are we trying to accomplish? What will bring real business value to the organization? Technology is an effective tool. There are however many ‘white elephant’ projects undertaken by organizations. It is refined data that sets processes in motion, and therefore, it is here that we should place our focus.
- It turns out that organizations become enamored with implementing data-driven approaches, such as predictive systems and AI-driven automation, which in reality result in a loss of value and efficiency. Many business challenges are still largely solved using traditional methods – not through data leveraging, and not in real time.
- Clearly, there is a need for data-driven business cultures that will serve as a catalyst for business initiatives. There is a need for business and technology units to work together in harmony… and we also see how the human factor is the most important ingredient hidden within any successful business process. A data-driven organization’s efficiency is primarily determined by its organizational culture.
During the sessions, it was revealed that there is a real need among senior executives of various organizations to consult with colleagues and associates. Strauss succeeded in bringing the best leaders and managers – colleagues from different organizations, competitors, and participants with differing viewpoints – together to discuss a wide range of issues and opinions openly and honestly. The participants shared information, contributed to the discussion, helped each other to develop creative solutions and engaged in cross-sectoral collaboration.
Such sessions are of incredible value for us and for our clients. The expertise of specialists from the field of Data in business, organizational, and technological aspects may serve many organizations on the path to developing Data Strategy (both from a business and technological perspective), and in the process of bridging business units, implementing, enhancing, and accelerating growth drives based on Data.
For information on the next sessions,
please contact us at: sivan@s-strategy.com