{"id":42927,"date":"2019-10-31T10:06:43","date_gmt":"2019-10-31T10:06:43","guid":{"rendered":"https:\/\/www.intelligentcio.com\/me\/?p=42927"},"modified":"2019-11-05T08:25:08","modified_gmt":"2019-11-05T08:25:08","slug":"alteryx-research-discovers-requirements-for-maintaining-a-data-literate-organisation","status":"publish","type":"post","link":"https:\/\/www.intelligentcio.com\/me\/2019\/10\/31\/alteryx-research-discovers-requirements-for-maintaining-a-data-literate-organisation\/","title":{"rendered":"Alteryx research discovers requirements for maintaining a data literate organisation"},"content":{"rendered":"\n<p><strong><em>New research conducted in the UAE has revealed significant insights about the impact of digitalisation on businesses. Alteryx surveyed 500 UAE companies to understand how data and analytics are driving their businesses to thrive in this data-led world. The survey finds creating and maintaining a data literate organisation requires the right technology, people and culture in place.<\/em><\/strong><\/p>\n\n\n\n<p>As data volumes\ncontinue to grow and become more disparate by the day, the time is now for organisations to implement ways to\nefficiently leverage this critical data. <\/p>\n\n\n\n<p>In July 2019, Alteryx surveyed 500 UAE businesses to understand how data and analytics are\ndriving their businesses to thrive\nin this data-led world. The new Alteryx-commissioned research uncovers the benefits and\nimpact of data analytics in digitisation projects across six of the most digitally\nadvanced countries in Europe, the Middle East and\nAfrica (EMEA) and Asia-Pacific (APAC).<\/p>\n\n\n\n<p>This report summarises the\nkey findings of the research and uses the information gathered to provide a\nsnapshot into how companies across the UAE are progressing\nin their analytic journey. It\nexplores the current thinking into the value of data, the primary data challenges,\nthe culture of data and analytics and the key technology enablers to\ndemonstrate how a smart approach to data guides the way to successful digitisation.<\/p>\n\n\n\n<p>Alan Jacobson, Chief Data\nand Analytics Officer at Alteryx, said: \u201cThe\nbusiness case for data has truly been acknowledged. While many are still\nbalancing data inefficiencies with the challenge of a shortage of skilled data\nworkers, this latest research from Alteryx underscores that investing in data\nand analytics alone won\u2019t deliver real business-altering results. <\/p>\n\n\n\n<p>\u201cWhether performing precision marketing to improve\nsales or analysing data from various departments across an organisation, the\nworld of business is quickly becoming the world of analytics. A smart approach to data and a data literate culture will\nguide the way for successful digitalisation.\u201d<\/p>\n\n\n\n<p>Abboud Ghanem, Senior Director \u2013 Middle East and Africa at Alteryx, said:\n\u201cThere is\nno doubt that data is key in driving business success in the minds of businesses\nacross the UAE. Every data worker, regardless of technical acumen, wants\nto be able to easily find and understand what information is at their disposal;\nhave the flexibility to prep, blend, enhance and analyse data from more\nsources; and easily operationalise analytic models through a collaborative and\ngoverned platform. <\/p>\n\n\n\n<p>\u201cAt Alteryx,\nwe will continue to make the Alteryx Platform easier to use for all data\nworkers, while extending its ability to handle more sophisticated data science\noutcomes for trained data statisticians in order to create an analytics-centric\nculture across almost every industry and functional areas of business.\u201d<\/p>\n\n\n\n<p><strong>Data is permeating every part of business and is key\nto success <\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>With over three quarters of\nsurvey respondents (79%) agreeing that data is a critical corporate asset for driving the business\nforward it\u2019s clear that businesses are taking advantage\nof what seems to be insurmountable data sources across industries and internal\nfunctions.<\/li><li>When it comes to where\nbusinesses are in their analytical journey, almost two thirds (62%) of UAE\nbusinesses class themselves in the advanced stages of their analytic journeys.<\/li><li>For those\nbusinesses leveraging data for insights over two fifths (41%) report the major\nbusiness benefit as increased productivity, followed by over one third (36%) citing\nthey gained better insight into customers, and over one third (34%) stating the\nability to make savings and efficiencies for \u2018my department or organisation\u2019.<\/li><li>Businesses\nare also seeing soft benefits increase. Over three\nquarters (79%) agreed that using\ndata analytics has helped break down internal silos. Respondents cited improved\nemployee satisfaction (41%) as a benefit of using data. Overall two in five (40%)\nsaid that analytics improved work-life balance and are able to better balance\ntheir lives after embracing data in their role.<\/li><\/ul>\n\n\n\n<p><strong>Businesses can\u2019t win in analytics without the human element<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>With\ndigital skills classed as a major priority for businesses, over four in five (83%)\nagree that everything they are investing in data and analytics is useless\nwithout people who understand it.<\/li><li>Proving\nthat businesses simply cannot proceed to tackle the technical challenges\nexisting in a data-driven industry without the right workforce, more than two\nfifths (41%) reported that it was easier to access the talent needed to manage\nanalytics than last year, while almost one in three\n(32%) have a team of dedicated data scientists for all their analytics work.<\/li><li>Only one\nin five businesses reported that a talent shortage prevented them from becoming\na data-driven business.<\/li><li>Those who\nare leveraging data report several key factors that they still need to overcome\nin order to be more efficient. When allocating\ntime to performing impactful data analysis, one in three (33%) cite data\nquality as a big challenge to building a data pipeline for the business,\nfollowed by almost one third (30%) stating a lack of strong data governance is\na major contributing factor to wasted time that could have been spent assembling insights. <\/li><\/ul>\n\n\n\n<p><strong>A<a> <\/a>culture of data and analytics is needed to transform data into actionable insights<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>When it\ncomes to the building blocks for their Digital Transformation initiatives, over\nfour in five (81%) agree that empowering people is the key to Digital Transformation.<\/li><li>Stressing\nthat empowering employees to affect business-change with data will enable them\nto succeed in their Digital Transformation initiatives, over one third (35%)\nstate a culture of data and analytics will be the biggest game changer for\nanalytics success while two fifths (40%) state they\nneed more focus on employee skills and talent to drive transformation.<\/li><li>Businesses are starting to\nbuild this culture to derive value out of their data, as almost one third (30%) have a clear enablement strategy based around community, training\nand tools that drives our data analytics usage and over one quarter (29%) hold\nregular data workshops to inspire data workers to generate insights as part of\nour data analytics strategy. <\/li><li>In an\nincreasingly data-driven world, over two thirds (70%) of respondents agree\nthat data is so valuable that it\u2019s become a new currency, and the same number\nagree data progression is also key to career progression.<\/li><\/ul>\n\n\n\n<p><strong>Technology can be an enabler or\nconstraint <\/strong><strong>to data analytics success<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Proving data will always be at the forefront and one of the most important drivers of success and true digital disruption, businesses across the UAE reported the top three technology enablers having the greatest impact on their business today as data and analytics (42%), Artificial Intelligence\/Machine Learning (36%) and Blockchain (33%).<\/li><li>Technology can also be a constraint to a data-driven business. When asked which key technology enablers they are prioritising investment in within the next five years to support a variety of initiatives for data analytics success almost one third cited data and analytics (32%), just ahead of Blockchain (28%) and Artificial Intelligence\/Machine Learning (27%). <\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>New research conducted in the UAE has revealed significant insights about the impact of digitalisation on businesses. Alteryx surveyed 500 UAE companies to understand how data and analytics are driving their businesses to thrive in this data-led world. The survey finds creating and maintaining a data literate organisation requires the right technology, people and culture [&hellip;]<\/p>\n","protected":false},"author":18,"featured_media":42928,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6787,93,3629,54,13,185,79],"tags":[8748,10566,8745,112,3355,1544,908,3430,562,184],"class_list":["post-42927","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-digital-transformation","category-main-story-newsletter","category-newsletter","category-research","category-top-stories","category-uae","category-used","tag-abboud-ghanem","tag-alan-jacobson","tag-alteryx","tag-analytics","tag-artificial-intelligence","tag-data","tag-digital-transformation","tag-machine-learning","tag-middle-east","tag-uae"],"acf":[],"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/posts\/42927","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/comments?post=42927"}],"version-history":[{"count":10,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/posts\/42927\/revisions"}],"predecessor-version":[{"id":42938,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/posts\/42927\/revisions\/42938"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/media\/42928"}],"wp:attachment":[{"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/media?parent=42927"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/categories?post=42927"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/tags?post=42927"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}