While Global 2000 companies profess their love for data and declare they are data-driven in their decision-making, the reality is that two-thirds of CEOs are still making decisions based on gut feel. That surprising stat is just one of many new insights contained in the inaugural, quarterly Alation State of Data Culture Report issued by Alation, the leader in enterprise data intelligence solutions, and produced by Wakefield Research. The report provides a quarterly assessment of the progress enterprises have made in establishing a data culture within their organizations, the challenges they face in embracing data-driven decision making, and the progress they have made in leveraging data to drive business value for their organizations.
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“We discovered that most companies are investing heavily in prioritizing data within their organizations. More than 86% have a C-level data officer and 78% have a company-wide initiative to become more data-driven”
The report introduces a Data Culture Index™ (DCI), a quantitative assessment of how well an organization is positioned to enable data-driven decision-making. Enterprises were scored based upon the adoption of the three pillar disciplines of data culture: the ability to find data (data search & discovery); the ability to properly analyze, interpret and draw conclusions from data (data literacy); and the ability to ensure trustworthiness and accountability of data assets, including compliance with policies and regulations (data governance).
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“We discovered that most companies are investing heavily in prioritizing data within their organizations. More than 86% have a C-level data officer and 78% have a company-wide initiative to become more data-driven,” said Aaron Kalb, Co-Founder and Chief Data & Analytics Officer, Alation. “At the same time, they have substantial work ahead to develop the data culture they need to drive business value.”
The report found that a “data culture disconnect” exists whereby data leaders overestimate their organizations’ data culture in self-assessments compared to the score produced by the DCI. 58% of leaders gave themselves a grade higher. Just 12% of companies scored an “A” on data culture development; nearly two-thirds scored a “C,” “D,” or “F.”
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