Imperatives of Building A Data Driven Organization In Search of Excellence With Digital Transformation

Abstract

This paper has first examined the new definition of data in the present Industry 4.0 era when digital technologies are evolving at neck breaking speed and organisations are striving every nerve for becoming a data driven organisation. It has contextually, therefore, made attempts to understand how cognitive and NLP abilities of certain digital tools have helped data scientists processing structured, unstructured, and non-numeric data drawn from beyond boundaries of RDBMS. It has tried to establish the critical imperatives of sponsoring from the top, promoting data culture, sensitising employees about the need to become data-savvy and deploy data, the invaluable liquid assets, for generating sustainable ROI with alpha. The paper then essays to establish the importance of ensuring 8Vs of Big Data Analytics for appropriately triggering strategic decision making to enable entities successfully generate best gains from foreseeable opportunities and challenges, and converting risks and threats into opportunities. At the end it briefly reflects on the imperatives of data mobility, data visualisation, data governance, etc. and the road map for building a data driven organisation in search of excellence with digital transformation.