Data capital refers to the value and potential that organizations derive from their data assets. Data has become a vital resource, and organizations are starting to recognize that their data can be leveraged to gain advantages in terms of insights, decision-making, innovation, and competitive positioning. Data capital includes not only the data itself but also the technologies, processes, and expertise required to effectively manage, analyze, and extract value from it.
In the past, data stayed confined within individual departments, limiting collaboration and insights. However, as more organizations realize their untapped data potential, a trend has emerged: adopting holistic data use throughout the entire business.
Data capital is now just as vital for organizations as financial capital, expertise, and experience. It gives organizations the potential to unlock new opportunities, optimize processes, improve customer experiences, and drive innovation by effectively managing and utilizing their data assets.
What does it take to maximize your data capital?
In order to maximize your data capital, you have to take a variety of aspects into account, such as data quality, security, privacy, and the ability to turn raw data into actionable insights. If you want to reap the rewards of your data capital, it is essential that you ensure the security and availability of your data. Cyberattacks, ransomware, and downtime can disrupt your entire operation, which can be a costly affair. Furthermore, utilizing AI and machine learning can help you get even more out of your data or find new insights in unused data.
Benefits to your organization from utilizing data capital include:
Strategic Insights: Extract valuable insights to drive informed decision-making, anticipate market shifts, and adapt strategies effectively.
Innovation and Growth: Spark innovation by identifying data-driven opportunities for new products and services, propelling business growth.
Competitive Edge: Leverage data to personalize customer experiences, optimize operations, and stand out in a competitive landscape.
Cegal works with data capital in a broad spectrum. From integration and enrichment, to visualization and not least the entire setup around data, which ensures that data capital is protected and available 24/7.
Our specialized employees work with the customers' business-critical data capital setup, whether it is on a single Oracle, PostGreSQL or MSSQL database instance or in a cloud-based data platform setup.