Info-Tech Research Group has unveiled its latest research
blueprint, which provides valuable insights into achieving business
autonomy through strategic data practices. This blueprint
emphasizes the alignment of data strategies with business
objectives, the use of advanced technologies, and the cultivation
of a data-proficient culture. By following these guidelines,
enterprises can drive unprecedented growth, innovation, and
operational efficiency.
TORONTO, July 31,
2024 /PRNewswire/ - As organizations navigate a
complex data landscape fraught with challenges like disparate data
sources and siloed systems, the need for a well-defined data
practice strategy has become more critical. To support their
evolution into autonomous enterprises, global research and advisory
firm Info-Tech Research Group has published its latest resource,
Define a Data Practice Strategy to Power an Autonomous
Enterprise. This comprehensive research highlights the
obstacles that hinder effective data utilization and emphasizes the
necessity of aligning data practices with organizational
objectives. In the blueprint, Info-Tech advises IT leaders that by
focusing on data literacy, collaborative operating models, and
advanced technologies, organizations can leverage the
transformative power of data to drive innovation, operational
efficiency, and sustainable growth.
The blueprint underscores how important it is for organizations
to understand the full scope of data and IT challenges they face.
As AI continues to evolve, it will demand an increasing volume and
variety of high-quality data.
"Applied AI is a true paradigm shift offering
opportunities for transformative value generation and potential for
disruption. AI will continue to demand an increasing volume and
variety of quality data, delivered increasingly in real time,
produced and consumed from anywhere," says Irina Sedenko, research director at Info-Tech
Research Group. "This exponentially growing demand for data
increases the pressure on technology and data leaders to deliver
the necessary processes, capabilities, and technologies to service
that demand. However, with just one in ten data leaders viewed as
true business value creators by executives, leaders must innovate
their strategies to meet these expectations effectively or face the
threat of falling behind in the competitive landscape."
The research insights support the firm's stance that in the
Exponential IT future, the role of data will shift from a support
tool for internal decisions to a driving force behind core business
strategies. The rapid advancement of AI technologies allows
organizations to address more complex problems and build systems
that take advantage of real-time data from multiple sources. This
shift demands that organizational leaders adopt innovative tactics
to meet new expectations or risk being left behind.
"Data & analytics practices need to
change. CIOs need to lead the change by partnering
with the business and empowering business leaders to own and drive
data & analytics initiatives," explains
Vince Mirabelli, principal research
director at Info-Tech Research Group. "Organizations need to
redefine the data & analytics practice and its capabilities,
break down IT and business silos, and recognize they have a skills
gap. Data teams need to learn how to communicate with the business
in terms of business value, and business teams need to learn data
product management."
The firm's resource details the process for identifying data
best practices by incorporating AI, reimagining capabilities,
evolving practices, and redefining the role and value of data
within the organization.
In its latest resource, Info-Tech outlines three focus areas for
IT leaders to prioritize in their data management efforts:
- Redefine the Value of Data: Drive the proper utilization
of data assets to differentiate unique products and services. This
approach involves identifying and leveraging the most valuable data
to generate significant business outcomes and competitive
advantage.
- Consider Business and Technology as a Single Team:
Establish a true business and IT synergy environment that drives
strategic data use. This includes enhancing collaboration and
partnership with the business, empowering the business to take
ownership of data and analytics initiatives, and ensuring that
data-driven decisions are made closer to where the impact is
felt.
- Address the Skills Gap: Recognize the skills gap between
IT and business teams and foster technical expertise and product
management skills within business teams. Simultaneously, business
awareness within the technology team should be developed to ensure
they understand and align with business objectives and can
effectively communicate the value of data initiatives.
Info-Tech's comprehensive blueprint provides practical guidance
for organizations aiming to define a data practice strategy that
propels them toward becoming autonomous enterprises.
The firm advises that by aligning data initiatives with business
objectives, leveraging advanced technologies, and nurturing a
data-driven culture, organizations can unlock new opportunities for
growth, innovation, and operational efficiency. Embracing this
strategic approach not only empowers organizations to harness the
full potential of their data assets but also enables them to adapt
proactively to changing market dynamics and emerging trends. This
proactive adaptation ensures sustained competitiveness and
long-term success in an increasingly data-centric world.
For exclusive and timely commentary from Irina Sedenko or Vince
Mirabelli, experts in data management, as well as access to
the complete Define a Data Practice Strategy to Power an
Autonomous Enterprise blueprint, please contact
pr@infotech.com.
Info-Tech LIVE 2024
Registration is now open for
Info-Tech Research Group's annual IT conference, Info-Tech LIVE
2024, taking place September 17 to 19,
2024, at the iconic Bellagio in Las Vegas. This premier event offers
journalists, podcasters, and media influencers access to exclusive
content, the latest IT research and trends, and the opportunity to
interview industry experts, analysts, and speakers. To apply for
media passes to attend the event or gain access to research and
expert insights on trending topics, please contact
pr@infotech.com.
About Info-Tech Research Group
Info-Tech Research
Group is one of the world's leading research and advisory
firms, proudly serving over 30,000 IT and HR professionals. The
company produces unbiased, highly relevant research and provides
advisory services to help leaders make strategic, timely, and
well-informed decisions. For nearly 30 years, Info-Tech has
partnered closely with teams to provide them with everything they
need, from actionable tools to analyst guidance, ensuring they
deliver measurable results for their organizations.
To learn more about Info-Tech's divisions, visit McLean &
Company for HR research and advisory services and SoftwareReviews
for software buying insights.
Media professionals can register for unrestricted access to
research across IT, HR, and software and hundreds of industry
analysts through the firm's Media Insiders program. To gain access,
contact pr@infotech.com.
For information about Info-Tech Research Group or to access the
latest research, visit infotech.com and connect via
LinkedIn and X.
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SOURCE Info-Tech Research Group