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Building Foundational Layers for Data-Driven Businesses and the Value of Masterminds
This chapter emphasizes the importance of establishing foundational layers for data-driven businesses, including internal staff, data storage, and self-service capabilities. It also discusses the benefits of joining mastermind groups for personal and professional development, highlighting the value of diverse perspectives and shared accountability. The speaker shares insights on structured data training programs, continuous learning, and the challenges faced in enhancing data capabilities for business growth.
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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