View from the cloud: Unlock new insights from data

As many of our Community members are finding out, unlocking valuable, actionable insights from data requires new approaches to data governance, sustainability, and corporate culture.

Data is all around us. Three decades or so ago, it was branded "the new oil". It might not be new anymore, but yet many businesses are still struggling to unpick how to use it effectively - this despite it being everywhere!

Data is in the sensors measuring vibration in factory equipment and the numbers streaming through Wall Street trading terminals. It’s the video capturing foot traffic in retail shops and the readouts from hospital MRI machines. It’s the emails we send, the documents we create, the web links we click on, and the buttons we tap via our mobile apps.

Every business, in every sector of the economy and every country in the world, runs on data. On its own, however, data has little intrinsic value. Organisations need to make sense of it before they can put it to work or use it to drive decisions. And those who collect the right data and turn it into actionable intelligence are the ones who will ultimately win.