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Executive Summary
During 2023, and Q1 2024, ADAPT conducted surveys encompassing approximately 190 Data Leaders, alongside interviews and round table discussions with Australian technology leaders. The research suggests that overall, data literacy among Australian organisations is low, with just 35% having high data literacy. Given that Australian CIOs are focusing on generating higher business value in 2024 with their AI investments, ADAPT’s research indicates that organisations are more capable of deriving value from AI when:
- The organisational data culture is mature and consistent.
- The data literacy of executives and employees is high.
- Commercially minded data experts can translate data into insights for advantage.
The purpose of this best practices report is to provide readers with an incremental approach, structured around ADAPT’s Data Literacy Framework. This framework includes steps such as:
- Foundation Stage: Identifying the relevant data.
- Intermediate Stage: Interpreting data with available tools.
- Advanced Stage: Generating Insights from data relevant to your business case.
- Maturity Stage: Investing to scale the capabilities across the enterprise.
- End Goal: Advancing Intelligence to shift towards predictive analytical capabilities and AI.
This report examines the 5 best practices in depth that data leaders should adopt to address the primary barriers in building a data-literate organisation.
