Data Blog by Lizeo
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[Ebook] Maximize Your Data Value
Data is an integral part of any company: collected, stored, and sometimes untapped or used without specific methodology, can begin to lose its tactical nature. The quality of data can also be impacted by a lack of processing – which has a direct impact on analytical insights and ultimately, business decisions. Because of its importance in nature, data preparation must become a top priority for any organization. Objective: implement systematic processing to ensure data excellence. Lizeo explains how the Data Value Chain will allow you to capitalize on data in the following white paper.
The Data Value Chain: tool and methodology to value data
The Data Value Chain has several consecutive and automated steps that allow data to be refined so it reaches its maximum value. This methodology is all the more necessary in a high volume and heterogeneous data context .
The impact of data value will not only be felt in the understanding of the market, but also in the effectiveness and efficiency of your business actions. It is impossible to overlook data processing, even though it is used to fuel BI tools and Data Science projects.
Additional Reading: Data governance: a pillar to use your data
White paper contents
What is the best way to collect data? What is the purpose of the cleansing phase? What is Smart Data? What is the role of Data Science? Lizeo provides answers to these key questions in its white paper “Maximize the impact and value of your data”.
You will also find a detailed definition of the Data Value Chain, an explanation of the benefits for your organization, a presentation of the 5 main steps to implement this methodology in practice, and advice on how to ask yourself the right questions along the way.
Data is a tactical instrument for any organization. However, it is still necessary to know how to apply realistic processes in order to fully utilize its value. Following the different steps of the Data Value Chain will allow you to build a qualitative database from which you can activate business levers and improve your performance. Need assistance? Want to learn more?
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