What’s holding your data’s potential back?

The promise of data sharing is undeniable – it can catalyze innovation, supercharge agility and create lasting competitive edge. But most organizations are trapped by fragmented governance. Turning data sharing into a complex maze of barriers and risks.

There is a way forward—and you’ll see them in the following pages. Before we explore the breakthrough solution, let’s examine the obstacles that keep your data from fostering a data culture and driving better business outcomes.

Unlock the full potential of your data assets by building and deploying easily accessible, governed data products

Do any of these challenges sound familiar?

Data silos: With data scattered across departments and systems, finding what you need becomes a treasure hunt and makes understanding the overall picture nearly impossible. And this makes it hard to share valuable information effectively

Limited understanding/low data literacy: Without a comprehensive understanding of the data being shared, individuals may not realize its significance, relevance or potential applications, hindering their ability to utilize the data effectively

Data protection and compliance concerns: Naturally, you want to make sure data is protected and used appropriately. Complying with constantly evolving and expanding regulations like GDPR adds another layer. It’s critical, but getting it right can feel overwhelming

Poor data quality: You wouldn’t want to base important decisions on data if it’s inconsistent, incomplete or just plain wrong. Low-quality data erodes trust, making your colleagues and stakeholders reluctant to share it in the first place

Lack of data ownership: When no one knows who’s really responsible for data, confusion sets in. Who ensures it’s accurate, up-to-date and compliant? This ambiguity about ownership creates a major roadblock to sharing

Cultural resistance: Even with the best tools, sharing won’t work if people don’t see the value. Trying to introduce a new way to operate if teams are comfortable with their old, familiar (even if inefficient) methods can be challenging

Overcoming these barriers requires a well-formed strategy, technical solutions and a shift in organizational mindset. But the rewards are well worth the effort. Next, let’s explore four key steps to building a successful data sharing culture within your organization.