3 Reasons why Data is here to Stay
If you’re in a committed relationship, I’m sure there are many things about your significant other that you love and appreciate. After all, those reasons are why you were attracted to him/her in the first place. On the contrary, you also recognize that there are some, shall we say, “unfavorable” character traits of your significant other that are not going anywhere, no matter how much you try to push, prod…or even, demand.
The business world is much the same. There are things about the workplace you love – and others you hate.
For many of us, data is one of those things that goes hand-in-hand with a successful business or organization. It’s here to stay, but we don’t necessarily like it.
It may be that we don’t understand it. It may be that it requires too much of us. It may be that it is too complicated. Whatever the reasons are, business data leaves something to be desired in our eyes.
Data is here to stay, for better or for worse – here are 3 reasons why:
- Data is indisputable. Facts are facts. Data not only tells the story, but it provides the evidence needed to back up your claim.
- Data solves problems, even problems that you didn’t know were there. Data allows you to identify trends and patterns. Be proactive by using data to find areas to improve, before these areas actually become a problem.
- Data helps to achieve goals. For instance, in the public sector, this can mean accessing funding by proving exactly what your organization’s needs are and how you plan to meet these needs. But even in the private sector, data allows you to track progress toward your goals and make changes along the way, as needed.
As Data Scientist W. Edwards Deming said:
This blog series will explore the use of data in a variety of businesses and organizations (from Law Enforcement & Government, to Healthcare or Warehousing), provide tips for embracing data even if you are not a “numbers person,” explain how to increase your profit margins using data, explain how to capture data, and more.
Stay tuned for part 2 of this series to learn about big data, data mining and more. Plus, discover what data can mean to your organization!