Often, companies have so much data, they don’t know what to do with it. “If you don't organize your data, you're dealing with a data exhaust,” says Shivananda, emphasizing the importance of governance and structure. Shivananda compares data flow to a stream of water. “If left unchecked, it can create mass havoc. But if you create the right channels,” you have infrastructure to build on.
DATA EXHAUST
Technology’s acceleration is ultimately a good thing. But keeping pace isn’t easy. “Methods on how to leverage data are changing every single day,” says Shivananda. “If you're working on methods from six months ago, you're behind.” Companies need to stay ahead of industry trends and remain agile. “You need to be able to make nimble shifts.”
THE SPEED OF INNOVATION
As businesses design strategy around analytics, “there's not enough pre-qualified people able to help them in that journey,” says Shivananda. The issue is cross-departmental. “When it comes to analytics, machine learning and AI, the whole company — people in legal, HR, finance, every other discipline — need to start to understand what that means. A horizontal talent upskilling needs to occur so everyone can align to capture that value that data presents to any one of us.”
TALENT
DATA
THE SPEED OF
TALENT
EXHAUST
INNOVATION