From accelerating digital business to much-needed cultural changes, data and analytics will face serious challenges in 2021. Given that every digital business moment leads to a decision that is powered, or held hostage, by data and analytics, it is no wonder that chronic issues have become more acute.
3 trends that will impact data and analytics leaders in 2021:
- Chief Data Officer will embed Data & Analytics in business strategy. Because they are responsible for guiding decision makers at an organization using data insights.
- Data literacy increases. It is about developing a common understanding of what goals and outcomes are important across the organization.
- Data & Analytics will change management. You must base your Data & Analytics organization on collaboration, cooperation and problem solving. Let us spread the word about how D&A can help drive business outcomes.
Data & Analytics leaders will face many challenges in 2021, such as embed Data & Analytics in business results and perception of Data & Analytics within the organization.
Best actions for Data & Analytics leaders are to create a data-driven culture, develop a data and analytics strategy, and standing up a data governance program. They must implement adaptive D&A governance. Because adaptive D&A differs from traditional approaches that tended to be IT-driven, focused on data and standards. Adaptive governance uses business outcomes to prioritize the work and helps you govern the least amount of data with the greatest business impact.
Leaders must answer 4 crucial questions:
- Build a D&A strategy and operating model that can support and scale, measurable business impact?
- Apply trusted D&A in their decision making?
- Create a business case to support data and analytics monetization and innovation?
- Develop a data and analytics-driven culture, literacy, and employee behavior?
So, the heat is on. According to the Gartner the top game-changer technologies to emerge stronger from COVID-19 crisis are Analytics, Artificial Intelligence and Autonomous Things.
Leading in 2021 will look different from leadership in 2020 but understanding and planning for unknowns and continued disruption across the IT organization is critical for moving forward.