Benchmarking Data Use And Analytics In Large Complex Private Sector Organizations

"Public and private organizations are increasingly aware of the potential value of data and analytics to improving organizational performance and outcomes. The U.S. Department of Defense (DoD) is one of those organizations. Its size, complexity, security needs, and culture have created a challenging environment for successful use of data in decisionmaking. DoD's acquisition data lay an important part of the foundation for decisions about weapon systems. Because the private sector faces similar data challenges, the authors examined commercial data practices that might translate to the DoD acquisition community in the areas of data governance and analytics. Benchmarking select private-sector data governance and analytics practices helps establish a baseline against which DoD practices can be compared. That comparison can be used to identify areas in which DoD could improve and suggests actions or approaches to make those improvements. The authors determined that functions associated with the office of a chief data officer and associated data governance and data management are foundational requirements to pursue an analytics strategy in any organization."--Publisher's description