How can you stay ahead in this race?
Here are a few steps to stay ahead in this data and analytics led information age.
a) Make Data Available
Get data out of silos and make it available, into advanced analytics tools and the hands of decision-makers and even external partners across the supply chain.
b) Treat Data as Product with real ROI
Instead of considering data as raw material for analytics, data owners to assume the role of data product managers to generate business benefits like a product manager in any retail segment.
c) Take an Agile Approach to Transformation
Instead of moving in batches, take a lean and agile approach to the transformation with constant communication from leadership on the use of data and analytics tools. This should be accompanied by education of both existing people and recruits in the use of data and analytics.