For years, the problem of miscommunication has plagued companies. Lack of a proper hierarchy of decision making and scarcity of relevant actionable information has led to organizations missing out on key performance dips and the less speedy generation of insights that can benefit the organization. In most companies, the handling of data is left to the specialized data scientists and the IT department. As such, information insights are generated that much slower with less accuracy than expected.
Democratizing data in the organization would mean that every user can query, understand and apply critical data at faster rates than ever before. As such, let us look at the two biggest reasons a company needs Data Democratization.