Digital Transformation Archives

MOVING BEYOND SPREADSHEETS: The Key To Modern Data Management

We all love our spreadsheets and there’s no doubt they have their place, but in today’s fast paced business environment, reliance on spreadsheets for data input can be a significant bottleneck. While spreadsheets are versatile and familiar, they pose risks related to data accuracy, security and efficiency. This is particularly important for businesses looking to adopt AI, as accurate and well-structured data is crucial for training and deploying these models effectively. Businesses must explore alternative strategies to streamline processes and enhance data management, ensuring they can leverage Big Data to gain a competitive edge. The Double-Edged Sword of Spreadsheets 1. Familiarity and Ease of Use: A Comfort Zone with Hidden Costs Spreadsheets are widely used because of their intuitive interfaces [...]

Andrew_Ball2024-09-18T06:19:45+02:008 August 2024|AI Readiness, Data Excellence, Digital Transformation|

REVVING UP DATA CULTURE: THE SYNERGY OF F1 AND DATA EXCELLENCE

Andrew_Ball2024-09-18T06:19:59+02:0024 July 2024|Data Culture, Data Excellence, Data Strategy, Digital Transformation|

Data Management: The Biggest Blunders Companies Make When Adopting AI

Just when you thought the AI conversation had been completely exhausted another one hits your feed! But stick around for the message because the fundamentals really matter. Maybe adopting AI solutions can be analogous to baking a cake... At CoAcumen we are passionate about supporting businesses to adopt the fundamentals in data practices and while the topic of AI might be getting stale, the way businesses still seem to look for silver bullet solutions to sticky problems, is as fresh as ever. It would seem that organisations are gradually becoming aware that this new shiny technological advancement holds an elusive, unattainable quality which evokes an element of anxiety and FOMO. It need not be the case. Yes, there are some [...]

Andrew_Ball2024-09-18T06:20:17+02:0016 July 2024|Data Strategy, Digital Transformation, Strategy Alignment|

Beyond the Silver Bullet: Technology Bias Hinders Real Organisational Transformation

A silver bullet refers to a direct or effortless solution to a problem that cuts through complexities and is perceived to have extreme and immediate effectiveness. Organisations often view technology as a silver bullet for a number of reasons which can help explain why they might neglect the critical process, meta, human or cultural layers that have to be addressed as part of the implementation of technology solutions. 1. Perceived Simplicity and Quick Wins: Technology solutions often promise quick and tangible improvements. New software or systems can be marketed as ready-to-use, providing instant benefits that are easy to understand and measure. Implementing a new tool can seem like a straightforward, one-time investment compared to the ongoing, complex nature of cultural [...]

Andrew_Ball2024-09-18T06:20:26+02:009 July 2024|Data Strategy, Digital Transformation, Strategy Alignment|

The Human Touch: Why People are Crucial in the Data Lifecycle

It's easy to overlook the vital role that humans play in managing and deriving value from data. While technology is undoubtedly crucial, the human element remains irreplaceable throughout the data lifecycle. Let's explore why people, particularly data owners and stakeholders, are essential in turning raw information into strategic assets. The Data Lifecycle: More Than Just Algorithms The data lifecycle isn't a purely mechanical process. At every stage, human insight, decision-making, and ethics are crucial: 1. Data Creation and Acquisition: Humans decide what data to collect and how to obtain it ethically. 2. Data Storage: People determine the most appropriate and secure storage methods. 3. Data Usage: Human creativity drives the innovative ways data is analysed and applied. 4. Data [...]

Andrew_Ball2024-09-18T06:20:45+02:003 July 2024|Data Agility, Data Strategy, Digital Transformation, Strategy Alignment|

Understanding AI Readiness: A Guide for Businesses

Artificial Intelligence (AI) is transforming industries, driving efficiency, innovation, and competitive advantage. However, the journey towards AI adoption is not straightforward. It requires a foundation of robust data practices, governance, and security. This article delves into what AI readiness means concerning data, data structure, data governance, and data security, highlighting the importance of data literacy and collaboration for achieving a workable AI solution. Data: The Lifeblood of AI Quality and Quantity: AI systems thrive on data. The more high-quality data you have, the better your AI models will perform. Quality data is accurate, complete, reliable, and relevant. It's crucial to collect a diverse range of data to ensure your AI systems can generalise well across different scenarios. Data Sources: [...]

Andrew_Ball2024-09-18T06:21:02+02:0026 June 2024|AI Readiness, Data Strategy, Digital Transformation, Strategy Alignment|

Accelerating Data Strategies

The Data landscape is evolving rapidly, organisations are facing unprecedented challenges and opportunities. CoAcumen reviewed the latest Couchbase CIO survey and realised that the pressing need for investment in IT modernisation, particularly in the realm of artificial intelligence (AI) and data management, is missing a strategic view on data management on a human level. According to the survey’s findings, there is a significant uptick in IT modernisation spending, with a projected increase of nearly 30% in 2024. Enterprises are keen to leverage new technologies such as AI and edge computing to enhance productivity and stay competitive in today's fast-paced business environment. However, despite the surge in investment, many organisations are ill-prepared to meet the growing data demands associated with [...]

Andrew_Ball2024-09-18T06:21:15+02:0019 June 2024|Data Strategy, Digital Transformation, Innovation Culture, Strategy Alignment|

All Eyes Are on Data As ESG Reporting Becomes Mandatory

Sustainability is increasingly becoming a strategic priority as regulatory requirements for reporting on climate risks and impacts take effect. At the heart of these efforts is data management. Increasing sustainability reporting requirements demand robust data management. The Corporate Sustainability Reporting Directive in Europe and new regulations in California, along with the Securities and Exchange Commission's recent rules, underscore the need for effective data strategies. To integrate sustainability into strategy and comply with new requirements, companies must collect and standardize sustainability data across their operations, including supply chains. This data should be managed with the same rigor as financial data. Improving Data Quality and Accessibility for Sustainability Reporting To enhance the quality and accessibility of sustainability data, organizations must connect [...]

Andrew_Ball2024-09-18T06:21:26+02:0012 June 2024|Digital Transformation, Strategy Alignment|