“How to be a Data-Driven Innovator”

“Be capable enough to work on your own decision.”

Whether you have been hearing about “business intelligence,” “data analytics,” or the infamous term “big data,” there is one reason for all of the excitement about data right now and why you should care. It is this: Data-Driven Innovation (DDI) presents tremendous economic and social value capable of transforming the way we work, communicate, learn, and live our lives. Data-driven innovation is one of those technical terms that’s thrown around a lot in innovation circles, however, few people have a clear idea of what it actually means, often misrepresenting it to others who further confuse the issue. That’s because it can be hard to truly understand this crucial innovation style without having clear examples to hand. To keep a competitive edge, companies often like to keep their innovation and product development strategies a secret, making it difficult for newcomers to learn how these processes function in a real working environment.