Name
An imperative for building the ‘Data Fit Organisation’ of the future: Challenges & Opportunities
Date & Time
Wednesday, October 13, 2021, 9:00 AM
Tamryn Barker
Description

Value through data does not happen in silos - the realisation of value from data flow through an organisation is a critical challenge for all companies moving forward.  The ability to define, measure, and uplift organisational data capability - 'data fitness' – is critical.

Data Fitness is a whole-of-organisation concept, with every role having a data capability need. Building a 'Data Fit Organisation' however, is challenging. Studies show that less than 5% of companies' data meets basic quality standards; approximately 60% of company leaders overestimate their company data culture, with the vast majority of leaders being unaware of their organisation's data capability.

It is important, therefore, to determine an industry-ready way to map, assess and improve data capability to support the Data Fit Organisation of the future. Informed by the 'Fitness-To-Operate' safety competency framework developed for the offshore oil & gas industry and in consultation with 20 industry partners and in collaboration with the Future of Work Institute at Curtin University, a Data Fit Organisation model and capability assessment framework has been developed. With a particular focus on integrating 'social' capability, in terms of culture and behaviours, together with process and technology, the framework aims to guide an assessment and insight to lead organisations to 'data fitness.'

Sharing experience and insights from an industry pilot partner, we will discuss both the challenges and opportunities we see in building a Data Fit organisation in the mining sector.