{"id":28073,"date":"2019-08-09T12:17:53","date_gmt":"2019-08-09T11:17:53","guid":{"rendered":"https:\/\/www.intelligentcio.com\/africa\/?p=28073"},"modified":"2019-08-09T12:22:44","modified_gmt":"2019-08-09T11:22:44","slug":"how-building-a-culture-of-data-literacy-is-reshaping-the-future-of-business","status":"publish","type":"post","link":"https:\/\/www.intelligentcio.com\/africa\/2019\/08\/09\/how-building-a-culture-of-data-literacy-is-reshaping-the-future-of-business\/","title":{"rendered":"How building a culture of data literacy is reshaping the future of business"},"content":{"rendered":"\n

Trackmatic is reshaping the future of logistics with pioneering BI models designed to shed light on the dark corners of the supply chain. Its CEO, David Slotow, says that the real value of data doesn\u2019t lie in its volume, but in the threads that are pulled to untangle potential. <\/strong><\/p>\n\n\n\n

Companies\nare disappointed by the lack of clarity offered by business intelligence (BI)\nsolutions and the lack of engagement with analytics tools from internal and\nexternal stakeholders.  Many aren\u2019t deriving the value or return on\ninvestment.<\/p>\n\n\n\n

The\ntruth is that to truly engage with data and pull out the golden threads that\nallow it to fully deliver on its capabilities, the organisation must use the\nright tools and ask the right questions. <\/p>\n\n\n\n

Transcendent\nBI is defined by its ability to provide real-time, empirical data in a\ncontextualised way aligned with real-world business requirements across all\nlevels of the organisation. It is equally defined by how it is trusted,\nimplemented and integrated into the business and embedded within a culture that\nis data literate.<\/p>\n\n\n\n

Data\nis still the black gold of the Fourth Industrial Revolution (4IR) and it is\nstill capable of driving the potential of business beyond what can be seen\ntoday and into new markets and innovation. <\/p>\n\n\n\n

To\nachieve this potential, there are many challenges that the organisation must\novercome. The first is internal resistance. Many individuals are resistant to\nthe analytics tools and platforms that claim to have a deeper view of the data\nthan they do. <\/p>\n\n\n\n

Users\nwant control over their data, they want to see the numbers and manually\ninterpret the insights, so they understand what the data is telling them, but\nthis is time consuming and prone to human error and delay. <\/p>\n\n\n\n

It is\nfurther complicated by the fact that many people are not data literate and feel\nthat using BI platforms will force them to scale immeasurable learning curves.\nWhat\u2019s needed is a solution that thinks for the user and directs their\nattention in the right areas.<\/p>\n\n\n\n

Access\nto data is easy. Access to real insight is more challenging. Users need to be\nable to ask powerful questions about trends and patterns not obvious to the\nbusiness. <\/p>\n\n\n\n

The organisation has to break the perception that data is overwhelming, untrustworthy, hard to interpret and daunting. There are multiple data interpretation platforms today that enable individuals at all levels to understand storytelling. <\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Building\na culture of data literacy has never been easier and there is an opportunity to\ncollaborate around a common point of reference and to set collective business\ngoals and performance metrics across the business. <\/p>\n\n\n\n

Transcendent\nUI is creating an opportunity for organisations to become more proactive in\ntheir decision-making and more focused on their improvement initiatives.<\/p>\n\n\n\n

Creating\na data literate organisation can shift the way people work together,\ncollaborate and co-create business solutions to address inefficiencies and\nachieve greater levels of success.  To unlock this trapped potential an\norganisation has to find the right BI tool that allows for the business to get\nsimplicity from complexity.  <\/p>\n\n\n\n

BI\nsystems that provide users with visualisation tools that can represent the data\nin ways that everybody understands, have significantly better results. It\nallows users to explore innovative ways of interpreting and sourcing the data. <\/p>\n\n\n\n

If\nevery person in the business can look at the same piece of data and understand\nwhat it means, then it is capable of achieving its purpose. It will break down\nthe intellectual barriers in departments and the silos within which people\noperate to provide a macro view of the organisation. In this, the business can\nimprove skill sets, enhance performance, and establish a robust culture of data\nresilience and innovation.<\/p>\n\n\n\n

Data\ncan be the new gold; the business just has to understand the best way to mine\nit. The new tools and technologies introduced need to recognise the needs of\nthe business and the people that populate it. Not all technology is created\nequal, the solution must be relevant for the business within its own sector,\nstrategic imperative and focus. <\/p>\n\n\n\n

It is\ntime to get out of spreadsheets and into an interactive, visual landscape that\nsupports the organisation\u2019s ability to ask the right questions of the data. You\ncan\u2019t get the answers if you don\u2019t know the questions. The solution has to be\ncapable of centralising the data and visually guiding the analysis in the right\ndirection, in real-time, and defining clear focus areas that will make the most\ncrucial business impact. BI tools should facilitate powerful questioning and\nequip the user with the ability to seek critical insights.<\/p>\n\n\n\n

Within\nthe mesh of technology and the individuals lies the true business story. If\nyour BI is not providing answers capable of transforming your business, then\nyou are not getting a return on investment and might as well go back to\nspreadsheets<\/p>\n\n\n\n

Trackmatic\ndevelops its technology solutions across the supply chain with transcendent BI\nas the ultimate end outcome. They help clients to perfect their business flow\nby providing all key stakeholders in the value chain with understandable,\nrelevant and actionable insight about their operations \u2013 in real-time. <\/p>\n\n\n\n

The\nTrackmatic Insight module empowers clients with the ability to measure the right\nmetrics and deliverables across inbound and outbound logistics to radically\nimprove their business performance. The idea is for clients to rollout\nTrackmatic\u2019s full enterprise ecosystem across their business so that each touch\npoint feeds back critical information about the business and areas of\ninefficiency into one centralised executive dashboard that guides business\ndecision making.<\/p>\n","protected":false},"excerpt":{"rendered":"

Trackmatic is reshaping the future of logistics with pioneering BI models designed to shed light on the dark corners of the supply chain. Its CEO, David Slotow, says that the real value of data doesn\u2019t lie in its volume, but in the threads that are pulled to untangle potential. Companies are disappointed by the lack […]<\/p>\n","protected":false},"author":25,"featured_media":28078,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4950,136,6,13,269],"tags":[7290,1054,1055,443,302,305,10585],"class_list":["post-28073","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-industry-expert","category-insights","category-top-stories","category-trade-logistics","tag-4ir","tag-bi","tag-business-intelligence","tag-data","tag-david-slotow","tag-trackmatic","tag-transcendent-ui"],"acf":[],"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/posts\/28073","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/comments?post=28073"}],"version-history":[{"count":6,"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/posts\/28073\/revisions"}],"predecessor-version":[{"id":28095,"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/posts\/28073\/revisions\/28095"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/media\/28078"}],"wp:attachment":[{"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/media?parent=28073"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/categories?post=28073"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/tags?post=28073"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}