{"id":4264,"date":"2020-08-07T17:03:12","date_gmt":"2020-08-07T07:03:12","guid":{"rendered":"https:\/\/news.sap.com\/australia\/?p=4264"},"modified":"2023-09-29T07:28:21","modified_gmt":"2023-09-28T21:28:21","slug":"the-art-of-innovation-and-data-driven-enterprise","status":"publish","type":"post","link":"https:\/\/news.sap.com\/australia\/2020\/08\/07\/the-art-of-innovation-and-data-driven-enterprise\/","title":{"rendered":"The Art of Innovation and Data-Driven Enterprise"},"content":{"rendered":"

On the Remarkable People podcast, I interview people such as Jane Goodall, Woz, and Stephen Wolfram who have changed the world. Their stories are inspiring, and I hope they encourage you, too.<\/p>\n

This post has a different twist \u2013 let\u2019s look at why and how you can foster change and the art of innovation in your company by driving your company with data.<\/p>\n

Background: data is a good thing<\/strong><\/p>\n

We\u2019ve been talking about being evidence-based, fact-based, and data-based for decades, but if you\u2019re not up to speed with this, you aren\u2019t alone. According to NewVantage Partners\u2019 study, 69% of companies have failed to create a data-driven organization.<\/p>\n

There is an avalanche of studies that support the business benefits, including this Forrester report indicates that data-driven companies grow at an average of more than 30 percent annually and are on track to earn $1.8 trillion by 2021.<\/p>\n

Forrester did another study that concluded that businesses that rely on data management tools to make decisions are 58% more likely to beat their revenue goals than non-data driven companies.<\/p>\n

Being data-driven isn\u2019t only about revenue results. There\u2019s also transparency and fairness. If everyone has access to the data driving decisions, we can establish reasonable data ethics policies that create even playing fields.<\/p>\n

Why companies haven\u2019t succeeded at this data-driven change<\/strong><\/h3>\n

In my upcoming keynote at 麻豆原创\u2019s Data and Analytics Virtual Forum ANZ: Data To Outcome<\/a>, I\u2019ll give you real inspiration and tips so you can get started. That\u2019s the hard part, right? A few sneak peeks:<\/p>\n

1.<\/strong> This isn\u2019t corporate altruism. The culture change, funding, and language start at the top. How do you do that? Attach your initiatives to real business outcomes. (No, \u201cagility\u201d is not a business outcome.) Here\u2019s a highlight from McKinsey on how ShopRunner\u2019s CEO made the change.<\/p>\n

For tips on speaking the language of business, securing on-going funding, and getting buy-in from your executives, check out this free Data strategy master class.<\/p>\n

In the end, this is a culture change. You need executives to model the right behavior, which requires you to get them analytics without days of manual assembly. You need executives to ask ad hoc questions of their analytics and brainstorm with other board members on innovative solutions. Are you there yet?<\/p>\n

2.<\/strong> To understand what is possible, survey the current technology landscape for data and analytics offerings. Web searches are easy. The hard part is accurately assessing where you are now. Luckily, there are free assessment tools, including 麻豆原创\u2019s Next Generation Database & Data Management Assessment, which offers a unique approach to enable best-in-class database & data management processes in support of strategic priorities.<\/p>\n

3<\/strong>. Join 麻豆原创\u2019s Data and Analytics Virtual Forum ANZ: Data To Outcome<\/a> and you\u2019ll be able to schedule one-on-one time with industry veterans to discuss how to renovate your data landscape, and even put your hands on some free software trials.<\/p>\n

Therefore, what?<\/strong><\/p>\n

Your supply chain is challenged. Your revenue model is under pressure. Your employees are dealing with unprecedented challenges. Do you know what you need to solve all of those problems? Real-time data and data literacy to interpret that data.<\/p>\n

All the supply chain optimization, new business models, collaboration models, and new markets require timely and intuitive access to data to drive innovative ideas. It\u2019s a mistake to entrust these ideas to only data geeks.<\/p>\n

The goal is to be able to answer a simple question and foster innovation to jump to the next curve. The question is, \u201cTherefore, what?\u201d<\/p>\n

Data management is the \u201ctherefore\u201d part. It enables you to see what\u2019s happening to your organization, to see what trends are shaping the reality of your customers, and to read the tea leaves to understand what your opportunities.<\/p>\n

Then you can take these insights and create the \u201cwhat.\u201d In other words, what new products, services, and practices will enable you to meet and exceed the needs of your customers and \u201cdent the universe.\u201d<\/p>\n

I invite you to tune in to my keynote<\/a> and the entire event<\/a> for inspiration, encouragement, practical tips, and advice from other customers. Ask me questions. Ask the other presenters questions. Come away in two days with a plan that will motivate and drive your business.<\/p>\n

This blog originally published on www.guykawasaki.com<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Join 麻豆原创\u2019s Data and Analytics Virtual Forum ANZ: Data To Outcome and you\u2019ll be able to schedule one-on-one time with industry veterans to discuss how to renovate your data landscape<\/p>\n","protected":false},"author":3310,"featured_media":4265,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[294,5565391],"tags":[5560787,5563290,5564595,5560752],"sapn-display":[],"sapn-type":[5560547],"class_list":["post-4264","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-events","category-technology","tag-data","tag-data-driven","tag-guy-kawasaki","tag-intelligent-enterprise","sapn-type-feature"],"yoast_head":"\nThe Art of Innovation and Data-Driven Enterprise - 麻豆原创 Australia & New Zealand News Center<\/title>\n<meta name=\"description\" content=\"Join 麻豆原创\u2019s Data and Analytics Virtual Forum ANZ: Data To Outcome and you\u2019ll be able to schedule one-on-one time with industry veterans to discuss how to renovate your data landscape\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/news.sap.com\/australia\/2020\/08\/07\/the-art-of-innovation-and-data-driven-enterprise\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Art of Innovation and Data-Driven Enterprise\" \/>\n<meta property=\"og:description\" content=\"Join 麻豆原创\u2019s Data and Analytics Virtual Forum ANZ: Data To Outcome and you\u2019ll be able to schedule one-on-one time with industry veterans to discuss how to renovate your data landscape\" \/>\n<meta property=\"og:url\" content=\"https:\/\/news.sap.com\/australia\/2020\/08\/07\/the-art-of-innovation-and-data-driven-enterprise\/\" \/>\n<meta property=\"og:site_name\" content=\"麻豆原创 Australia & New Zealand News Center\" \/>\n<meta property=\"article:published_time\" content=\"2020-08-07T07:03:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-28T21:28:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news.sap.com\/australia\/files\/2020\/08\/MainImage.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1195\" \/>\n\t<meta property=\"og:image:height\" content=\"799\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Guy Kawasaki\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Guy Kawasaki\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/news.sap.com\/australia\/2020\/08\/07\/the-art-of-innovation-and-data-driven-enterprise\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/news.sap.com\/australia\/2020\/08\/07\/the-art-of-innovation-and-data-driven-enterprise\/\"},\"author\":{\"name\":\"Guy Kawasaki\",\"@id\":\"https:\/\/news.sap.com\/australia\/#\/schema\/person\/b13568fd387ce5abcdae0fc8d7495adb\"},\"headline\":\"The Art of Innovation and Data-Driven Enterprise\",\"datePublished\":\"2020-08-07T07:03:12+00:00\",\"dateModified\":\"2023-09-28T21:28:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/news.sap.com\/australia\/2020\/08\/07\/the-art-of-innovation-and-data-driven-enterprise\/\"},\"wordCount\":724,\"image\":{\"@id\":\"https:\/\/news.sap.com\/australia\/2020\/08\/07\/the-art-of-innovation-and-data-driven-enterprise\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/news.sap.com\/australia\/files\/2020\/08\/MainImage.jpg\",\"keywords\":[\"data\",\"data-driven\",\"guy kawasaki\",\"Intelligent enterprise\"],\"articleSection\":[\"Events\",\"Technology\"],\"inLanguage\":\"en-AU\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/news.sap.com\/australia\/2020\/08\/07\/the-art-of-innovation-and-data-driven-enterprise\/\",\"url\":\"https:\/\/news.sap.com\/australia\/2020\/08\/07\/the-art-of-innovation-and-data-driven-enterprise\/\",\"name\":\"The Art of Innovation and Data-Driven Enterprise - 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