While most companies are still trying to figure out how to manage their data, there is a new breed of companies who are looking beyond solely recording transactions. This very important topic came to us from Forbes in their article, “Why Data Management And Data Literacy Need To Go Together.

By using data to predict and influence their next steps, skill is needed to understand the data. In other words, be data literate.

This skill is needed to support not only fact-based decision making but to enable users to explore and experiment with data to uncover future opportunities. There is no disagreement about the impact of data, a trend which is not going to slow down anytime soon.

Data literacy is a strategic initiative for chief data officers and other executives. Data is everywhere and growing. Making sense of data and putting it to use across the organization means everyone must be able to use data effectively everywhere for business actions and outcomes.

Melody K. Smith

Sponsored by Access Innovations, the world leader in taxonomies, metadata, and semantic enrichment to make your content findable.