The reality in the corporate world is that executives are responsible for seeing into the future. This assertion comes with no implicit mysticism. If the C-suite predicts the future correctly, shareholders, employees, and customers will generally all be positively impacted. A great example of this is Apple’s 2007 partnership with AT&T to launch the iPhone. Apple now enjoys a multi-trillion-dollar market cap, up from roughly $150B in 2007. If different choices were made by leadership along the way, the story would be wildly different.
As we move into the anticipated era of Generative AI, data will be increasingly relied upon to make better bets on infrastructure, staffing needs, R&D investments, and more. A quick web search of “data driven case studies” will show you several examples of Business Intelligence and data as the catalyst to true competitive advantages for various organizations. If a dataset can help executives make better decisions, I consider it impactful. I don’t think this will be changing anytime soon.
We can all agree that when it comes to data – garbage in / garbage out. Moving forward, ensuring data quality will be non-negotiable. If you’re an executive reading this, it’s not too late to start. Solely relying on your direct reports to interface with the data team can be risky. Vision is often lost in translation…
– DQC