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Now business success is measured by data literacy. More and more companies pay attention to the team literacy, they involve data specialists, organize training and advanced training of specialists. It leads to improved operational processes, performance and outperformance of the competition.

Nowadays, it is difficult to find a company that does not collect data. However, collection does not mean benefits. Many companies are left behind with a huge amount of collected data due to lack of knowledge of how to work with it. Data requires a smart approach. Now information literacy is just as important as reading or writing literacy.

Improving the team literacy level requires some changes and investments. However, increasing literacy is inevitable if the business goal is success and development. Here are a few things to improve information literacy:

1. Corporate culture

Technology adoption does not fully solve the data management problem. Each team member must have access to the required data. In addition, he must also be able to independently work with the data, analyze it, draw conclusions and make informed decisions. Managers should delegate authority to employees to independently process data and make informed decisions. This model shows each employee’s efficiency and literacy in the company. Otherwise, team members’ literacy level does not matter, since they do not have the authority to make decisions based on data.

2. Data and data mining technologies

Gathering the right information is essential to being effective and meeting your business goals. Data provides new opportunities, so it must be reliable and meet the company’s request. In this way, data consumers can trust the information they receive, make decisions based on their analysis and receive benefits. In addition, it is necessary to have appropriate technologies for storing and processing data. Tools for extracting data from different sources, processing and visualizing data have a significant impact on the efficiency of the entire data work process.

3. Data skills

Improving information literacy is now easy enough. There are many different online courses, trainings that will help to acquire the necessary knowledge and skills for productive work with data. Another effective way to improve data skills is to partner with third-party professionals, consulting companies, and so on. DataLabs is a consulting company that provides business intelligence solutions focused on the conduct of effective operations. Collaboration with the DataLabs team will improve information literacy and develop data skills.

Investing in data management is one of the most important investments that business can make. But to get a return on that investment, it’s important to create the right culture, collect and analyze the right data, and help team members acquire the necessary data skills.