The Systematik data maturity framework helps organizations better understand where they are in their data journey and where they want to be in the future. The guide below shows what your results mean and how our experience can improve and increase your data capability.
Organizations at the Leader stage of data maturity can confidently state that the business is data-driven and helping them gain a competitive advantage. The company is actively promoting a data culture, and different business functions are using insight for decision-making.
Business leaders can make decisions from data rather than instinct. However, data governance is not typically integrated into all business processes, leaving them open to quality issues or potential non-compliance with regulations such as GDPR.
“Data-driven decision making is understood and appreciated, however, the quality and application of it needs to mature in consistency.”
– Adrian McKnight, Senior Vice President, Operational Excellence Transformation and Change, QBE Insurance
Firms in the Leader stage of maturity have a well-established data function but have yet to have a Data Scientist or Engineer on board. That means data processes are fixed and cannot adapt to changing business processes. Real artificial intelligence (AI) and machine learning (ML) frameworks do not exist as the business has not invested in the appropriate resource and technology at this point.
Without AI and ML models, the organization cannot adapt quickly and improve the business results.
Artificial Intelligence, deep learning, machine learning — whatever you’re doing if you don’t understand it — learn it. Because otherwise, you’re going to be a dinosaur within 3 years.”
– Mark Cuban, entrepreneur
The organization can predict future business scenarios but require more sophisticated and complex systems if they want to move forward with innovative technology such as AI. Vast volumes of data are needed to feed algorithms and data models, but there is no team dedicated to sourcing and onboarding new datasets.
The Systematik team of experts can offer a 100% free no-obligation thirty-minute strategy session call to take you to the next level in your data maturity journey. Contact the team today to see how we can help get your organization from where it is today to where you want it to be in the future and turn your data into a more valuable business asset.