In this episode of CDO Battlescars, Sandeep Uttamchandani, Unravel Data’s CDO, speaks with Meenal Iyer, Sr. Director of Enterprise Analytics and Data at Tailored Brands. They discuss battlescars in two areas, data and metrics: Growing Data Literacy and Developing a Data-Driven Culture and Standardization of Business Metrics.
Meenal brings in 20+ years of data analytics experience across retail, travel, and financial services. Meenal has been transforming enterprises to become data-driven and shares interesting, domain-agnostic lessons from her experience. Here are the key talking points from their chat.
What Does it Mean to be Data-Driven?
At a very fundamental level, being data-driven means that actions are taken based on insights derived from data.
In order for an enterprise to be truly classified as data-driven, there are a few qualifications that need to be met:
How to Create a Data-Driven Culture and Increase Data Literacy
The biggest challenge Meenal faced in shifting the culture to a data-driven one is the fact that people often have the mindset that, ”if something is already working, why do we need to fix it?”
Currently, Meenal is working on building the data foundation needed to build the data science platform at Tailored Brands. One of the biggest challenges she is facing is maintaining consistency in business metrics.
If you’re interested in any of the topics discussed here, Sandeep and Meenal talked about even more in the full podcast. Be sure to check out the full episode and the rest of the CDO Battlescars podcast series!