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Guiding Businesses in Building a Data Foundation for Scalability
The chapter delves into the significance of establishing a robust data foundation for businesses aiming to scale, emphasizing the importance of go-to-market visibility and leveraging data for customer-centric product development. It explores the challenges of investing in data without a solid foundation, equating the process to constructing a skyscraper from the ground up. The chapter underscores the value of self-service data tools, the three essential pillars of data-driven foundation, and the necessity of following best practices and structured approaches in building data teams and systems.
Every business aims to be data driven, but not all of them succeed in that effort. In order to be able to truly derive insights from the data that an organization collects, there are certain foundational capabilities that they need to have capacity for. In order to help more businesses build those foundations, Tarush Aggarwal created 5xData, offering collaborative workshops to assist in setting up the technical and organizational systems that are necessary to succeed. In this episode he shares his thoughts on the core elements that are necessary for every business to be data driven, how he is helping companies incorporate those capabilities into their structure, and the ongoing support that he is providing through a network of mastermind groups. This is a great conversation about the initial steps that every group should be thinking of as they start down the road to making data informed decisions.
The intro and outro music is from The Hug by The Freak Fandango Orchestra / CC BY-SA
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