9 Secrets Of Data-Driven Companies - InformationWeek

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6/2/2016
07:06 AM
Lisa Morgan
Lisa Morgan
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9 Secrets Of Data-Driven Companies

What does it mean to call your company "data-driven?" Definitions range from simple reporting to viewing data science as a core business strategy. We asked executives from a variety of businesses to help us identify which traits are essential for becoming a truly data-driven company. See what we learned, and tell us how your organization stacks up.
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Comfortable With Uncertainty 
Benjamin Franklin said, 'Nothing [is] certain except death and taxes.' Yet, professionals without statistical backgrounds have historically been more comfortable with single-number answers than comparative levels of uncertainty. This is changing as companies begin to promote scientific method-type thinking throughout the ranks. 
'Sophisticated companies have a culture of hypothesis-testing and experimentation. [They] basically look at every decision as a problem of choice of their uncertainty,' said Sham Mustafa, founder and CEO of data science job marketplace Correlation One. 'The spirit of the scientific method runs throughout the organization.' 
(Image: Alexas_Fotos via Pixabay)

Comfortable With Uncertainty

Benjamin Franklin said, "Nothing [is] certain except death and taxes." Yet, professionals without statistical backgrounds have historically been more comfortable with single-number answers than comparative levels of uncertainty. This is changing as companies begin to promote scientific method-type thinking throughout the ranks.

"Sophisticated companies have a culture of hypothesis-testing and experimentation. [They] basically look at every decision as a problem of choice of their uncertainty," said Sham Mustafa, founder and CEO of data science job marketplace Correlation One. "The spirit of the scientific method runs throughout the organization."

(Image: Alexas_Fotos via Pixabay)

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