Jeson Clarke

Why You Should Democratize Your Data

In the past, accessing crucial business data required going through many gatekeepers. Due to the complexity of data, most businesses rely on analysts to make sense of it all. The Age of Information has companies gathering troves of data that seem impossible to understand.

However, things are changing. More organizations are taking steps to make data accessible to every stakeholder. But is democratization right for you?

What Is Data Democratization?

Essentially, democratization enables every member of an organization to take full advantage of business data. It's about improving access and empowering employees to use data regardless of their experience, skill level, or technical know-how.

Democratization essentially removes data gatekeeping and bottlenecking, ensuring that everyone is free to use the data to make crucial business decisions.

Benefits of Democratization

This concept seems like a utopian bliss, but it's more reachable than most realize. More companies are moving towards democratization, and it's not about eliminating the need for analysts. Many potential benefits could change the face of your company forever.

Increased Literacy and Understanding

The ultimate goal of democratization is to broaden the scope of the conversation. Usually, the conversation stays among analysts and those they work with closely. Business data is crucial to day-to-day operations, so why not broaden those discussions.

Democratization turns data into a second language for your company.

More Trust

When you rely on analysts to interpret data, you have to take their word for it. Democratization builds trust across the board and creates transparency.

Better Decision-Making

When everyone has access to the data they need, decision-making and overall productivity go through the roof. Instead of relying on gut instincts or hearsay, stakeholders can take matters into their own hands and rely on complex data to make critical decisions.

Data for All

Data democratization is a game-changer. While teaching your employees how to interpret data seems complicated, it's easier than you think. Software platforms can do a lot of the heavy lifting. It takes the burden off analysts and makes it easy for anyone to use that information to their advantage.

Author Resource:-

Jeson Clarke writes about technologies, import/export data and customs data tools. You can find his thoughts at data analytics tools blog.