logo menu

Data is the New Asset

Up till recently, data in organizations was accessed only when required to meet a specific business requirement. It is hence understandable that most organizations today have legacy systems with applications and data platforms with data silos and duplicated capabilities across departments and functions.

By leveraging structured and unstructured data and using technologies like AI and ML, it is possible to address these challenges. With data being continuously used to provide insights into businesses,  it is converted from an enabler of business to a driver of business – a business asset. 

Building the data infrastructure and data flows, together with advanced analytics engines and necessary talent is fundamental to any data-driven transformation effort which must also be accompanied by organization-wide data literacy and talent transformation initiatives that inform on how to derive meaningful information from data and how to develop the right capabilities to leverage the new data.

Deploying data capital

To survive and thrive in a data driven digital age, enterprises must become data driven. Becoming a data-driven organization necessitates an enterprise-wide data and analytics strategy. Businesses must invest in a data platforms and data governance and management processes and promote a culture of data literacy, trust, and engagement. Following are some steps for organizations to incorporate:

  • Develop an enterprise-wide strategy connected to all business functions and accompanied by an IT strategy
  •  Invest in a data & analytics platform to get access to connected and contextual data to get better organizational insights
  • Ensure data quality and veracity for better data governance & management
  • Build and nurture a data dependent culture throughout the organization and commit to becoming data-driven in day-to-day work


By connecting the data value chain and harnessing the power of data at a strategic level, enterprises can cut through the chaos of using multiple point solutions and gain a competitive edge by developing new data-based agile business strategies.

At iOPEX, we help you harness the full potential of data by combining our deep industry knowledge and a unique AI and ML led approach to discover, access, classify, quantify and consolidate data that is precise and reliable, and prepare it for analytics to derive actionable insights. 

Recent Post
Product Thinking – The Key to Engaging Users
Apr 23 2021 , Nagarajan Chakaravarthy
read more
Enhancing User Experience through Accessibility Design
Apr 20 2021 , Nagarajan Chakaravarthy
read more
Building a result oriented digital marketing campaign in 10 steps
Apr 20 2021 , Nagarajan Chakaravarthy
read more
Latest news

What are the benefits of cognitive automation? | iOPEX

May 16 2021


iOPEX Technologies Ranks No:1 in HFS Ranking on TMT Industry

Apr 27 2021



Data Management Carousel Banner


Create more opportunities and deliver better results to your customers, employees and systems with cleansed,validated,normalized data for insightful consumption

Data Analysis Visualization Carousel Banner


Derive competitive advantage by harnessing data and generate actionable insights to measure the right value and benefits and be a leader

Analytics Process Automation Carousel Banner


Democratizing the availability of data and its inferences by automating the data analytics building blocks empowers faster decision-making across business processes and people