Beyond Numbers: Unveiling the Power of Data Literacy in the Digital Age

As we have entered the digital era, data and analytics strategies (D&A) have become important, as these technologies can transform any business during a massive data spike. According to global research, it was observed that around 2.5 quintillion bytes of data are produced by IT companies every day; therefore, to understand the importance of data, every employee must be data literate. For a better understanding of data, the Chief Data Officers (CDOs) play an important role in making every employee data literate, i.e., able to understand, share, and have meaningful insight into data. With this mindset, organizations can seamlessly adopt emerging and existing technologies and transform their business outcomes across all departments while fostering quality decision-making, innovation, and a better customer experience.