NEW DELHI: With a second wave of the pandemic disrupting restoration in a number of nations throughout Asia, together with India, the enterprise ecosystem is pinning its hopes on information literacy to counter this unprecedented problem. Gartner defines information literacy as “the ability to read, write, and communicate data in context” by understanding its sources and constructs, in addition to analysing it to attain a fascinating consequence – and world specialists consider it holds the important thing to tiding via these turbulent occasions.
Varun Babbar, MD at Qlik India, thinks of it as a blueprint to navigate an more and more digital-first world. “There’s a lot of data around today, and the data explosion is accelerating at an exponential pace. Devices, user actions, connections, platforms – all of this creates a massive amount of new information. This is on top of the information that already exists,” he defined. “It’s a veritable data maze out there, and you can’t not be exposed to it. Data literacy helps you navigate that maze to drive better value.”
A research by Qlik and Wharton School teachers exhibits how massive enterprises with sturdy company information literacy have persistently created larger enterprise worth of as much as $534 million. According to the research, information literacy empowered workers throughout all ranges with the flexibility to query the context and veracity of the accessible information to disclose hidden, surprising insights. This helped organizations maximize enterprise worth via extra environment friendly and efficient useful resource utilization to bolster productiveness and profitability.
According to Babbar, this skill to query and use information is changing into ever extra vital in a pandemic-hit world and will likely be integral to navigating the rising enterprise complexities attributable to the COVID-19 outbreak. He provides the instance of a London Underground strike in 2014 to how information literacy will help realise the complete potential of inherent human adaptability.
“During the strike, certain sections, routes, and stations of the Tube were out of order, and millions of Londoners were left to find alternative routes for their daily commutes. Interestingly, after the strike was rolled back, one in twenty people never went back to the original route. The reason? They had found a more efficient way of navigating the famously complex transportation system,” he stated. “Human beings are notoriously adaptable and resilient in the face of a crisis. When faced with a problem, we try to find a solution, and the challenge sometimes helps us dig deeper and become better at what we do. Most human innovations have stemmed from an urgent and immediate need, and there’s no need as urgent as getting through the pandemic.”
The argument holds advantage. Organisations have tailored to the pandemic by accelerating their digital adoption. According to a latest Dell report, 79% of organisations throughout 18 nations are within the strategy of reinventing their enterprise fashions, whereas 80% of them have accelerated their digital transitions. They are on observe to attain, in a matter of months, what would have in any other case taken them a number of years to perform.
However, Babbar warns, enterprises should put together for the huge information explosion that has adopted and be able to handle and utilise that information. He suggests leveraging a strong information analytics infrastructure with matchless predictive and prescriptive skill to assist companies enhance revenues, scale back prices, and drive efficient danger administration. A knowledge literate workforce, in response to him, will likely be important to maximizing the potential of any such intervention.
If the numbers are something to go by, the duty forward is monumental in its scope. According to a report by Gartner, of greater than 7,300 enterprise decision-makers, lower than 1 / 4 (24%) thought of themselves information literate. More alarmingly, whereas virtually all (92%) of enterprise leaders realise the significance of information literacy, barely 17% of companies inspired their workers to enhance their stage of information literacy.
Businesses, nevertheless, have gotten extra conscious of this rising need-gap and are investing in bettering information literacy throughout the board. Talking concerning the initiatives applied of their group to drive information literacy, Anand Vaitheeswaran, Chief Information Officer – L&T Technology Services, stated, “The COVID-19 crisis will certainly cast a long shadow on the years to come, transforming all aspects of human life and experiences across domestic as well as professional spheres.”
“Against this backdrop, organizations must endeavour to bridge the digital divide in line with their long-term transformation strategy, empowering their workforce with the necessary resources and skills to seamlessly support the remote work framework. At LTTS, we have developed various data-related programs to achieve this objective, including educating employees beyond IT departments, data analysts, and engineers.”
“We have also integrated artificial intelligence and machine learning-enabled tools to support data preparation and processing. We are also consistently focusing on improving data quality based on high-priority information needs. We believe that the purview of data literacy is no longer limited to just specialists. Democratizing access to data and relevant skills is the need of the hour and we are committed to enabling this change for the benefit of our employees across verticals,” he shared.
IDC forecasts a ten-fold improve in worldwide information by 2025. With the pandemic altering the sport in favour of digitisation, organisations might want to enhance their information literacy ranges. Facing the selection between merely surviving and really thriving, no information is required to forecast the course by which enterprises will lean.