Data Literacy and Its Modern Relevance

Our world is constantly evolving, and so is the field of data management. There is a reason why data management companies are valued more than oil and natural resources companies globally. Data is the new currency of change and global importance. Democratizing data enables users to make informed decisions. Moreover, it allows the users to be aware of fraud and scams and make an informed choice considering all the aspects. In his article for ‘The Enterprisers Project,’ Carlos M Melendez talks about the significance of data literacy and how it can be improved.

Key to Business Expansion

Astrophysicist Neil deGrasse Tyson said, “Science literacy is the artery through which the solutions to tomorrow’s problems flow.” Data literacy effectively enables business expansion and a deep understanding of the consumers’ problems. Though many organizations have mentioned data literacy as a mandatory skill, only 21 percent of 9,000 employees were comfortable with their data literacy skills in a survey.

Improving Businesses

Data literacy helps users to understand and analyze the data and find a pattern in the information provided. Additionally, data literacy also empowers molding and cleaning of data to make data comprehension a more manageable and smooth process. Most importantly, data literacy helps you understand, articulate, and act on the information to make confident decisions for the business and yourself.

Best Data Literacy Practices

To help your business, it is essential to familiarize yourself with data literacy. One of the best ways to do so is offering both hard and soft skills training to employees. Hard skills include statistics and retrieving data, whereas soft skills consist of communicating with customers and understanding data patterns. Rewarding employees that help the enterprise with their data literacy skills is another way to enhance a conducive atmosphere for data literacy.

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