Most businesses understand being data-driven is no longer optional; it’s required. Our results show that companies are investing effort, money, and executive time on data. The reason behind this push to invest is clear: using big data effectively is seen as a major factor in driving growth.
Do you know how data mature your business really is?
40%
Sink or swim:
don’t let poor quality data drag you down
The race to data maturity
Is your business as far ahead as you think?
The data race:
keeping up, or in it to win it?
Download the report
Download the report
less than two in five businesses have a ‘comprehensive data repository shared by all’
While a strong majority of businesses have begun getting data tools in place, too many think they already have a competitive advantage in data. The reality is that a majority fail to meet these seven best practices that underpin data maturity:
Check your overconfidence:
your business might be running further behind than you think
38%
less than two in five businesses ensure data is ‘constantly available to anyone who needs it’
37%
The race to data maturity: is your business as far ahead as you think?
Download the report
only one quarter of businesses keep their data ‘fully centralised in a shared location’
25%
of companies think they're more data mature than their competitors, but most don’t meet best practices that underpin data maturity.
82%
Most important to business growth over next 10 years
Percent of respondents
Increasing efficiency
36%
42%
Using big data effectively
29%
Research & development
Expanding into new markets
28%
Introducing new products and services
27%
only two in five businesses have processes ‘to fix data at the production/gathering stage’
Like riding a bike:
data maturity is all about mindset
To adopt a data mindset, teams at every level should feel comfortable accessing and using data. However, most businesses fail to meet best practices to enable access and sharing.
#1
Operationalise a data governance programme
#5
Fully centralise data in a shared location
#3
Monitor data quality using a shared dashboard
#4
Fix data at the source
Many businesses are swimming in a sea of data. The problem is: data is only useful when it’s high-quality. Meanwhile, most businesses fail to meet best practices to ensure data quality.
#7
Share data knowledge with everyone in your organisation
“Across multiple factors – including data centralisation, governance, quality and mapping – growing companies are more likely to exhibit best practice. The more growth companies expect this year, the more likely they are to be data mature.”
Run with it:
data maturity is the key to growth
Partner, National consulting leaders,
Forvis Mazars, USA
Download the global study:
meet best practices on data across multiple factors, including data governance, centralisation, mapping and quality control.
<50%
Download the report
Download the report
only half of businesses have systems and processes ‘to enforce organisation-wide data mapping’
51%
Download the report
Want to know more?
Nicolas Quairel
Partner, Global head of tech & digital consulting
Contact
Robert Kastenschmidt
#2
Enforce organisation-wide data mapping
#6
Make data available to anyone who needs it
Previous
Next
Partner,
Global Head of Technology & Digital Consulting, Forvis Mazars
Nicolas Quairel
“Countless businesses are racing towards the same objective: to be data-driven. However, our findings underscore the inherent difficulty of this journey. The path to data maturity is often longer, more complex, and more fraught with challenges than business leaders anticipate – or even realise.”
only two in five businesses monitor data quality regularly ‘using a dashboard shared within the organisation’
43%
Download the report
Download the report
