5 Critical Success Factors to Turn Data into Insight

 “Not everything that can be counted counts, and not everything that counts can be counted.”

– Albert Einstein

We have so much data today; but we don’t have enough insights derived from the valuable data to support business decisions or actions.

Kelle O’Neal‘s excellent article “ 5 critical success factors to turn data into insight” on the CIO magazine has put together a list of 5 key factors that data analytics can drive business success:

Business alignment

It is the understanding of the business purpose for the activity and assessment and recognition of the value that the activity provides to the organization.

Data understanding

It is the knowledge that you have about the data, it’s content and location.

Data quality

It is the meaning of the data and whether it is accurate for the purpose being used.

Data-centric processes

It is the Centralization of project management process, systems development  process, and operational process by  applying Data-centric processes.

Data-centric resources

It is to drive the need for better data-oriented knowledge and skills among the staff.