Data Literacy

Data Literacy

Data Literacy as a Service from 2U Technologies – Build a data-driven culture with our holistic, always-on education, consulting and support services.

What is data literacy?

Data literacy is the ability to read, work with, analyze and communicate with data. It’s a skill that empowers all levels of workers to ask the right questions of data and machines, build knowledge, make decisions, and communicate meaning to others.

Why is data literacy important for your business?

IDC, global provider of market intelligence, forecasts a ten-fold increase in worldwide data by 2025. Increasingly, data-driven organizations will produce data literate employees that contribute more to their roles and help businesses sharpen their competitive edge in an aggressive global economy.

It’s a strategy that can transform your business, while building loyalty with a workforce that’s energized and empowered by your investment in their professional development.

How data literacy can advance your career

2U Technologies’s recent survey showed that the vast majority — 85% — of data literate employees say they’re performing very well at work, compared with just 54% of the wider workforce. This represents a significant opportunity for businesses to transform existing cultures without much resistance from their employees.

5 critical data literacy challenges for Business leaders

Maintaining competitive advantage means that every employee in an enterprise — not just the data scientists — must be data literate for them to effectively contribute to the organization. Yet research has identified vast inequalities between people who feel empowered and proficient in using data, and those who don’t.

1. Workforce resistance

Large organizations are built on years of tradition. Raising awareness that the business is moving to a data-driven culture will be critical to success.

2. No data champion

Because resistance may come from the top, data champions need a seat at the table such as a Chief Data Officer (CDO) or Chief Analytics Officer (CAO).

3. Lack of governance

Enterprises are experiencing unprecedented levels of data production and consumption, which is why leadership must be responsible for data governance to ensure insights are properly vetted.

4. Employee insecurity

21% of 16-24-year-olds rank themselves below average in their confidence using data. The opportunity for businesses to leverage young people’s digital saavy as students enter the workforce is enormous.

5. Organizational silos

Data literate employees typically join IT or BI teams, and are often isolated from business decision makers. Establishing forums for these employees to share knowledge is critical to enhancing skills across the organization.