Determining the true value of data has long been an elusive endeavor for organizations. Data maturity, the subjective nature of data, and the lack of metrics to accurately measure intangible benefits add to the challenge.
The inability to measure data culture creates uncertainty when determining the value of investing in data initiatives. Alation, one of the leading providers of enterprise data intelligence solutions, may have the solution for organizations to assess the maturity of their data culture.
Alation launched the Data Culture Maturity Assessment to help organizations quantify the true value of their data initiatives. This pioneering framework enables companies to demonstrate how a mature data culture can accelerate digital transformation and connect initiatives to business outcomes.
The model was developed through extensive collaboration with Alation’s global partners and customers, including more than 35% of Fortune 100 companies.
Spencer Percy, Senior Data Management Analyst at Kinross Gold Corporation said: “The Data Culture Maturity Model is particularly useful for clarifying where companies are in their data maturity journey and quantifying the business value of investments in data initiatives for executives.”
Percy added that the new framework provides a clear roadmap so companies can focus on the areas that provide the most value. It also helps drive innovation because companies have models to measure the success of new data initiatives.
With budgets being pulled in multiple directions, the need for a clear return on investment has never been greater. The Alation Data Culture Maturity Assessment allows business leaders to demonstrate how their data programs create tangible business benefits.
Alation’s recently released State of Data Culture report reveals that organizations that commit to fostering a strong data culture are on the right path to driving innovation and gaining competitive advantage.
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This report highlighted four key pillars that organizations need to develop to mature their data culture: data leadership, data search and discovery, data literacy, and data governance. Alation’s new assessment tools allow organizations to connect specific metrics and business outcomes to these four key pillars.
While business leaders recognize the benefits of fostering a strong data culture, they seem hesitant to invest in data initiatives. The main reason for this hesitation is the inability of data leaders to justify the value of their efforts.
Alation’s Data Culture Maturity Assessment helps data leaders make informed decisions about new data initiatives and provides a clear understanding of the expected return on investment.
Commenting on the launch of the assessment tool, Julie Smith, Director of Data & Analytics at Alation, shared her view that “true business value and competitive advantage lies in mature data practices.” . She added that organizations should use assessment tools to “align data initiatives such as self-service, data governance, and cloud migration acceleration with business-specific goals and establish clear metrics to measure success.” ”, he added.
The Alation assessment tool is designed to generate a customized report with recommendations for improvement based on a series of questions about your organization. Business leaders can use tools to determine the next priorities to move their organizations forward and make data-driven investment decisions.
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