Embracing Big Data and Data Analytics

Leaders across a variety of industries realize the benefits of data analytics in their organization's decision-making support. Many realize that the greatest challenge is not the technology or even the personnel but a lack of leadership. Read this article to learn the key characteristics and attitudes a leader responsible for implementing DDDM must encompass and how these characteristics are used in a healthcare setting.

Introduction

It is believed there is more data moving across the Internet every second than stored in the entire Internet 20 years ago. Our society's technological, social, and cultural transformation into an era of big-data and analytics, introduces a new horizon of challenges and novel opportunities for competitive advantages. Leaders in organizations across a variety of industries, are realizing the utility and benefits of big-data analytics in addressing their problems and revealing innovative solutions. However, with this advent of unfathomable volume, velocity, veracity, and variety of data, many are realizing the challenges surrounding the world of big-data do not necessarily originate from a lack of technology but, instead, a lack of leadership.

Organizations must align their culture to embrace big-data and data analytics in order to successfully reap the potential benefits. In this chapter, we will define and discuss big-data and analytics, how leading organizations support and maximize benefits from big-data and analytics, and finally, address how big-data is revolutionizing the healthcare industry. We primarily aim to address the characterizations and attitudes of organizational culture that readily embrace big-data, data analytics, and how leaders can emulate these stances.

Interestingly, many of these values have been reiterated as ideal traits and qualities throughout our leadership education. However, it appears this unique cocktail of a culture of empowerment, trust, transparency, and inquiry adequately prime organizations to successfully embrace and maneuver the world of big-data and analytics. We also aim to highlight the benefits and challenges recognized in healthcare organizations that have adopted big-data and analytics into their processes. Our guiding question asks what core values must a leader emulate to guide their organization to stand as competitive and effective players in the big-data and analytics era?

Source: Elena Mircoff, https://ohiostate.pressbooks.pub/pubhhmp6615/chapter/leaders-role-to-create-organizational-culture-that-embraces-big-data-and-data-analytics/
Creative Commons License This work is licensed under a Creative Commons Attribution 4.0 License.