Data organisations often overlook the responsibilities of data consumers in data contracts. To maximize the value of data, data contracts should outline the consumer’s obligations in analyzing and applying the data. Neglecting consumer commitments can reduce the business impact of data contracts. Consumer commitments should go beyond compliance and focus on value creation. Structured approaches, such as documenting data usage and measuring outcomes, can foster a culture of accountability and ensure data consumers actively contribute to business objectives.
Drive the Path to Value Creation by Formalizing the Commitments of Data Consumers
Generated with Midjourney
Many data organizations are adopting data contracts to enhance collaboration and drive efficiency. However, these contracts often overlook the responsibilities of the data consumer. To fully leverage the potential of data contracts, it is important to focus on the obligations of data consumers, ensuring they are equipped to extract value from the data.
Beyond Compliance – Envisioning a Broader Role for Data Consumers
Consumer commitments in data contracts often focus on risk and compliance, rather than value creation. To truly leverage data as a strategic asset, it is important to extend the vision beyond compliance and encourage a proactive approach to value creation.
Respecting the Producers – Committing to Value Creation
Data contracts require ongoing investment from data producers, but it is important to understand how these commitments translate into tangible business value. It is crucial to ensure that data consumers actively pursue value generation, efficiency, and adaptability.
Scoring Goals – From Data Products to Business Value
Data consumers play a pivotal role in business value creation. By adopting a structured approach with formalized data consumer commitments, organizations can foster a culture of accountability and ensure that data consumers actively contribute to achieving business objectives.
If you want to evolve your company with AI, stay competitive, use The Other Side of Data Contracts: Awakening Consumer Responsibility to your advantage.
Discover how AI can redefine your way of work. Identify automation opportunities, define KPIs, select an AI solution, and implement gradually. For AI KPI management advice, connect with us at hello@itinai.com. For continuous insights into leveraging AI, stay tuned on our Telegram or Twitter.
Spotlight on a Practical AI Solution: AI Sales Bot
Consider the AI Sales Bot from itinai.com/aisalesbot designed to automate customer engagement and manage interactions across all customer journey stages. Explore how AI can redefine your sales processes and customer engagement at itinai.com.
