How to Activate the Value Flywheel Effect with Your Data
In today’s hyper-competitive world, businesses no longer rely solely on gut decisions or intuition; they depend on data-driven insights to stay agile and make fast, smart decisions. However, data alone isn’t the answer; it’s the enabler to create momentum on a business & technology flywheel: a model where data drives decisions, decisions drive actions, and those actions drive value, propelling the business forward in a self-reinforcing cycle.
In a previous post, I used a model to explain how data could cross the borders of applications and domains to bring increasing value at the organizational level.
Here is a synthesis of the development of the post: the X-Axis is about the increase of certainty of the decision correlated to its supply, and the Y-Axis the diffusion of the data correlated to its demand.
In this post, I am using YAML (Yet Another ModeL - sic) to determine how a data culture, technology and organisation can activate a value flywheel effect from a joint technological and business perspective.
