Are you a data-driven company? Do you know what one looks like? Much has been written about the importance of becoming a data-driven company, but less about why it matters. Look no further. As the tanker sector continues to build data and intelligence competencies, we wanted to demystify what it means to be data-driven. We created this infographic The Ten Secrets of Data-Driven Companies That Maritime Must Know to help paint the picture of how a data-driven company works.
For instance, here is secret number 7:
• Don’t shoot the messenger: Who wants to tell the boss he’s wrong? Data lets teams speak truth to power without fear or favor
“Shareholders ask this of their company’s managers: to make the best possible decisions, in the shortest amount of time and with the least amount of expense. By being data-driven, a company improves its ability to do all those things, making it healthy, profitable, predictable and more innovative.”
Data-driven companies know you need data and people to succeed. Nothing—no amount of data, machine learning or AI—will replace the wisdom and savvy of an experienced maritime executive. But that same executive, with those capabilities at hand? Let’s just say that in the battle between human and machine, human-with-machine beats just-the-machine every time.