The digital enterprise thrives when the workforce speaks “data.” The success of digital transformation, data and analytics projects, and data-driven solutions depends on a new kind of literacy - data literacy. In fact, data literacy is a key trigger for innovation.
Users of modern data integration tools speak “data” fluently, but outside of their cult circles, there isn’t a strong understanding of how data context, sources, models, analytical methods or techniques are connected to business outcomes. This lack of fluency within an organization limits effectiveness of enterprise-wide projects and prevents maximizing value from data and analytics initiatives.
Literacy is transformational. Literacy changes the way we interact with the world around us and empowers our well-being. And society benefits as well. In fact, if global illiteracy were eradicated, the world’s economy would see a $1.19 trillion boost. The impact of eradicating data illiteracy will be just as transformational.
“I am a part of everything that I have read.” – Theodore Roosevelt.
Just as literacy affects individual, economic, and societal development, workers who speak “data” also have far-reaching impact. They have more opportunities to succeed. And organizations with a data literate workforce make digital transformation and adoption of analytics and business intelligence initiatives easier.
The vocabulary of Information as a Second Language (ISL) is based on three core elements: Value, Information, and Analytics.
Value – What is the business outcome?
Information – What are the data elements involved?
Analytics – What are the techniques involved?