Pros of Data Democratization
Every business has data and other information that they depend on for their operation. All the important information of the organization should be made available to all employees for the company to meet its target fast. Allowing the every employee of the company to get access to all data of the company will enlighten the employees and make them work hard towards achieving the set goals of the company. Therefore, making the data of the organization kept in one place and allow every employee to access it is good for the company. In many firms, those allowed to access the company’s data and information are the IT officials and the top managers. This made such companies to face many challenges in the absence of those specialists; it forces the firm to hire a specialist from outside to access the date and analyze from them for work to continue. This is why organizations today practice data democratization. The process whereby all employees are allowed to access the firm’s data for analysis and reporting their finding is known as democratization. This has a lot of pros, which are discussed as follows.
The first benefit of data democratization is that it empowers users with skills in data analysis and interpretation. The open access to the organization’s data silo, every employee will get equal opportunity to learn about data analysis, processing, interpretation, and reporting. When almost all employees can analyze the data, interpret and report their finding the company will not have to hire specialist from outside in case the members’ of the IT department are not around.
The other advantage that an organization that practice data democratization will have over others that do not is that as it expands, it will not have to employ new data analysts. Business organization is expected to grow with time. As business organization will be expanding, the data it will be subjected to analyze will also increase in volume. Therefore, organizations that did not opt for data democratization will have to employ new data analyst to make the work fast. But the business was practicing data democratization it will not have to employ new data analyst because most the employees will have the skills to analyze the data.
The third benefit of practicing data democratization is that data and secrecy of the company is kept with the members only. All companies try by all means to prevent their secrets from reaching their competing firms. This is prevented when the company trains all the employees on data analysis so that they cannot hire an outsider who can leak their secrets.
These are the merits of opting for data democratization.