The Data Literacy Revolution
The popularity and ubiquity of data science, data analytics, AI and the trend towards digital transformation have led to massive, repeated failures in many businesses. Despite billions spent, hundreds of Ph.D.s hired, and much boasting in conference presentations, many enterprises are still struggling to leverage the value of these new technologies. The missing ingredient is the literacy of the rest of the organisation, particularly senior management.
This presentation will describe this new literacy: “data literacy”, the analogy with computer literacy, and reasons why this skill set will soon be as essential to all professionals as computer literacy is today. It will address issues of automation, the advent of decision making as the key managerial activity and the resulting democratisation of AI and analytics, however still maintaining a class of data science and analytics experts. The presentation will address issues of mindset, as well as skill set, and the ways in which management engagement with data analytics must change to leverage its value.