Leaders today are increasingly recognizing the importance of leveraging data for their organizations, but there’s a gap between that realization and truly instilling a data culture. According to the results of the latest Gartner Chief Data Officer Survey, "data and analytics leaders who share data externally generate three times more measurable economic benefit than those who do not."
However, although data sharing can lead to immense growth, the journey is often fraught with missteps. To start, between 60% and 73% of data is never even analyzed. In addition, 74% of staff surveyed reported feeling overwhelmed when working with data, resulting in $100 billion in lost productivity every year.
So, for leaders who may find themselves not taking full advantage of the data at their fingertips, where should they begin in trying to transform an organization’s culture to prioritize data literacy and data sharing? To get the journey started, here are three steps leaders can implement to help create a culture of data sharing that their team members will embrace.