Data Self Assessment Results
Your survey results suggest there may be room for improvement in your data management practices. Don’t worry – this is a common challenge for many businesses, but it’s also an opportunity for growth.
0 – 3
A response indicates a lack of awareness or prioritisation of data utilisation. It may also indicate a lack of awareness of data best practice and safeguards.
4 – 7
This response shows an initial understanding of basic data management needs. It suggests a desire to improve the foundation for data collection and analysis and ensure adaquate safeguards are in place.
Tips to improve
We recommend starting small and finding out what is possible. Here are two practices you could implement in your business from today.
Data collection lead: Assign someone to lead data collection efforts and explore its potential uses. Make this person responsible for your data collection practices to ensure that you are using data safely and ethically.
Implement basic data cleaning techniques: Address missing values, inconsistencies, and formatting issues. Outline a team member responsible for administering these processes and ensure they understand all compliance issues data collection and analysis requires.
By improving your data practices further, you could:
- Uncover hidden patterns in customer behaviour, leading to more targeted marketing and increased sales.
- Optimise your supply chain, reducing costs and improving delivery times.
- Enhance risk management, potentially saving your business from costly mistakes.
- Drive innovation by identifying emerging trends before your competitors.
- Improve operational efficiency, leading to significant cost savings.
