Surviving and Thriving Today’s Perils of Data Evolution the job of a CEO is to optimally lead their venture to achieve potentially significant long-term value. The ‘sexy’ fiduciary metrics such as revenue growth, increasing share price, and optimal profitability are often markers of whether or not the CEO and the venture are successful. However, few things bring down a venture faster than basic, ‘un-sexy’ but key issues around good old-fashioned corporate hygiene and governance. Data collection, data management, and data cleanliness have all become paramount to every company in every field in every market.
Over the past 20 years, there has been a fundamental shift in the social-technological construct. The faster our ability to gather data has become, so has the vulnerability of the data. And as we’ve developed technologies to scale data collection and usage, we’ve invited complexities and security of the data we’ve come to depend on for critical insight. Today, companies battle expensive problems surrounding data leading to:
• Data insecurity – vulnerability to cyber-security issues
• Data dependency from outside sources that may not be compatible with your own
• Data system illiteracy -- costly training of personnel and lengthy ‘hand-off’ times
• Data transparency and cleanliness
This story is from the February 2023 edition of CEO Insights.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the February 2023 edition of CEO Insights.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Need For Emotional Intelligence In 2024
The performance of employees is often evaluated by leaders based on efficiency and timeliness, but these criteria can hinder long-term growth and productivity.
SRIRAM TANINKI
REDEFINING SUCCESS IN INDIA'S FINANCE SECTOR THROUGH ENTREPRENEURSHIP VISIONARY LEADERSHIP
NIP THE RISING BURDEN OF CANCER WITH EARLY GRASSROOT LEVEL INTERVENTION
Raj Gore is the Chief Executive Officer (CEO) of Healthcare Global Enterprise (HCG).
TECHNOLOGICAL INNOVATIONS TRANSFORMING THE INDIAN HEALTHCARE SECTOR
In the wake of technology, the world witnessed many changes in the business ecosystem.
SARVPRIYA SRIVASTAVA
A SERIAL ENTREPRENEUR, WITH A CIVIC MINDSET
REVOLUTIONIZING LIBRARIES: A TECHINFUSED JOURNEY IN THE DIGITAL AGE
Amandeep, an MBA graduate brings over 26 years of expertise to his role. Leading global sales, supply chain, technology, and partnerships at Baker & Taylor, he oversees P&L and directs global product engineering and international operations with a focus on innovation and strategic growth.
PREKHAR CHUGH
AVANT-GARDE LEADERSHIP IN SCULPTING INDUSTRIAL FUTURISM
INDIA'S PRIVATE CREDIT LANDSCAPE: OPPORTUNITIES & GROWTH TRAJECTORY
With over two decades of expertise in financial services, Vineet specializes in debt capital markets, credit, financial inclusion, and asset management.
ARVIND CHOUDHARY
A MODERN-AGE LEADER LEVERAGING STRONG BUSINESS ACUMEN TO DRIVE ORGANIZATIONAL GROWTH
THE POWER OF PRECISION: HOW WAREHOUSE MANAGEMENT SYSTEMS REDEFINE INVENTORY CONTROL
With over two decades of experience, Dinesh spearheads cross-functional initiatives in customer relationship management. Since 2000, he has played a pivotal role at BCI, contributing significantly to shaping and executing key business growth strategies and policies.