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Despite the explosion of big data in recent years, less than 0.5% of data is being used to help guide decision-making. The time is now – organizations must transform themselves
Data science is the art of turning data into insights to inform decisions. When used effectively, it can bring higher productivity, greater returns, and overall improved performance to organizations. Many organizations have been collecting data for a long time, which means they are now well-positioned to use data science to drive mission and business success. A focus on data science helps organizations understand past events, predict future trends, and prescribe optimal courses of action. Ultimately this will lead to improved operations, differentiated customer value propositions, and competitive advantage.
Ater working with a large number of public and private sector organizations, Booz Allen learned that data science depends on six critical elements, including: Analytic Opportunities, Data, Analytic Techniques, People, Technology, and Culture, which we're calling "ADAPT+C".
Considers new and existing use cases to apply data science to improve organization mission and operations.
Considers opportunities to use new and existing data sets and better manage and govern data in support of data science projects.
Considers the analytic tradecraft and techniques to be applied to generate insights from data.
Considers the set of human capital programs required to develop a talented and capable team of data science practitioners.
Considers the optimal ways to use existing and new technologies including applications, data platforms, and infrastructure to perform data science projects.
Considers the set of mechanisms that communicate, share, and reinforce the value of data science across an organization to change the behavior of employees.
Effective data science organizations build, grow, and reinforce their data science capabilities by prioritizing these six "ADAPT+C" elements over time. In this playbook we'll dive into each of these six critical elements, sharing Booz Allen's lessons learned from successful organizations and describing relevant tools, techniques,
To craft a culture of data-driven decision-making that reshapes their organiza¬tion, Catalysts should employ the following four strategies: Demonstrate Value, Inspire Innovation, Establish Partnerships, and Nurture Strong Talent. Read More
Booz Allen is teaming with leading training provider General Assembly to bring our data science workforce to new heights. We’re on a path to developing thousands of trained data scientists over the next few years. Read More