{"id":5399,"date":"2022-05-04T14:28:00","date_gmt":"2022-05-04T12:28:00","guid":{"rendered":"https:\/\/parm.com\/?p=5399"},"modified":"2026-03-02T16:07:13","modified_gmt":"2026-03-02T15:07:13","slug":"why-you-should-invest-in-the-data-literacy-of-your-employees-2","status":"publish","type":"post","link":"https:\/\/new-site.parm.com\/en\/why-you-should-invest-in-the-data-literacy-of-your-employees-2\/","title":{"rendered":"Why you should invest in the data literacy of your employees"},"content":{"rendered":"\n<div class=\"et_pb_section_0 et_pb_section et_section_regular et_block_section\"><div class=\"et_pb_row_0 et_pb_row et_block_row\"><div class=\"et_pb_column_0 et_pb_column et_pb_column_4_4 et-last-child et_block_column et_pb_css_mix_blend_mode_passthrough\"><div class=\"et_pb_text_0 et_pb_text et_pb_bg_layout_light et_pb_module et_block_module preset--module--divi-text--default\"><div class=\"et_pb_text_inner\"><h1>Why you should invest in the data literacy of your employees<\/h1>\n<p><span style=\"font-size: large;\">What is data literacy and how should you invest in it?<br \/><\/span><\/p>\n<\/div><\/div><\/div><\/div><div class=\"et_pb_row_1 et_pb_row et_block_row\"><div class=\"et_pb_column_1 et_pb_column et_pb_column_4_4 et-last-child et_block_column et_pb_css_mix_blend_mode_passthrough\"><div class=\"et_pb_image_0 et_pb_image et_pb_module et_block_module\"><span class=\"et_pb_image_wrap\"><img decoding=\"async\" src=\"https:\/\/new-site.parm.com\/wp-content\/uploads\/2022\/05\/Post_Data_literacy.jpg\" alt=\"This is why you should invest in data literacy\" title=\"Post_Data_literacy\" width=\"2500\" height=\"1313\" srcset=\"https:\/\/new-site.parm.com\/wp-content\/uploads\/2022\/05\/Post_Data_literacy.jpg 2500w, https:\/\/new-site.parm.com\/wp-content\/uploads\/2022\/05\/Post_Data_literacy-1280x672.jpg 1280w, https:\/\/new-site.parm.com\/wp-content\/uploads\/2022\/05\/Post_Data_literacy-980x515.jpg 980w, https:\/\/new-site.parm.com\/wp-content\/uploads\/2022\/05\/Post_Data_literacy-480x252.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) and (max-width: 1280px) 1280px, (min-width: 1281px) 2500px, 100vw\" class=\"wp-image-5409\" \/><\/span><\/div><\/div><\/div><div class=\"et_pb_row_2 et_pb_row et_pb_equal_columns et_block_row\"><div class=\"et_pb_column_2 et_pb_column et_pb_column_4_4 et-last-child et_block_column et_pb_css_mix_blend_mode_passthrough\"><div class=\"et_pb_text_1 et_pb_text et_pb_bg_layout_light et_pb_module et_block_module preset--module--divi-text--default\"><div class=\"et_pb_text_inner\"><p>As a result of digitalisation, large amounts of data are collected almost everywhere or they are created as a by-product. This can be customer data collected in a CRM system, but also, for example, production data, bank data or data on traffic flow. This data enables completely new possibilities for analysis and thus the potential to gain important insights for the success of companies. This gives companies that make decisions based on data analysis a competitive advantage. In order to realise the full potential of their data, companies need to encourage their employees to use the data for their respective activities - in all departments as well as in all positions. Therefore, many companies aim to establish a data culture <a href=\"https:\/\/new-site.parm.com\/en\/2022\/04\/06\/data-culture-the-path-to-sustainable-success\/\" target=\"_blank\" rel=\"noopener\" title=\"Data culture\">data culture<\/a>. For these efforts to be successful, however, all employees should be able to speak the language of data. They should have data literacy. <\/p>\n<\/div><\/div><\/div><\/div><div class=\"et_pb_row_3 et_pb_row et_block_row\"><div class=\"et_pb_column_3 et_pb_column et_pb_column_4_4 et-last-child et_block_column et_pb_css_mix_blend_mode_passthrough\"><div class=\"et_pb_text_2 et_pb_text et_pb_bg_layout_light et_pb_module et_block_module preset--module--divi-text--default\"><div class=\"et_pb_text_inner\"><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/new-site.parm.com\/en\/why-you-should-invest-in-the-data-literacy-of-your-employees-2\/#What_is_data_literacy\" >What is data literacy?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/new-site.parm.com\/en\/why-you-should-invest-in-the-data-literacy-of-your-employees-2\/#Why_are_investments_necessary\" >Why are investments necessary?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/new-site.parm.com\/en\/why-you-should-invest-in-the-data-literacy-of-your-employees-2\/#Risks\" >Risks:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/new-site.parm.com\/en\/why-you-should-invest-in-the-data-literacy-of-your-employees-2\/#Continuously_invest_in_data_literacy\" >Continuously invest in data literacy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/new-site.parm.com\/en\/why-you-should-invest-in-the-data-literacy-of-your-employees-2\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_is_data_literacy\"><\/span>What is data literacy?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Data literacy is the ability to deal competently with data. This includes skills to:<\/p>\n<ul>\n<li>Capture and collect data<\/li>\n<li>Manage and adapt data<\/li>\n<li>Analyse and interpret data<\/li>\n<li>Evaluate data<\/li>\n<li>Present and visualise data<\/li>\n<li>Apply data<\/li>\n<\/ul>\n<\/div><\/div><div class=\"et_pb_text_3 et_pb_text et_pb_bg_layout_light et_pb_module et_block_module preset--module--divi-text--default\"><div class=\"et_pb_text_inner\"><p style=\"text-align: center;\"><em>&gt;&gt;Data literacy is a skill that enables employees from all areas and levels of the organisation to use data to answer the right questions, build knowledge, present findings and make decisions.&lt;&lt;<\/em><\/p>\n<\/div><\/div><div class=\"et_pb_text_4 et_pb_text et_pb_bg_layout_light et_pb_module et_block_module preset--module--divi-text--default\"><div class=\"et_pb_text_inner\"><h2><span class=\"ez-toc-section\" id=\"Why_are_investments_necessary\"><\/span>Why are investments necessary?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Almost every company invests a lot of money in collecting and storing large amounts of data. However, the mere accumulation of data is not yet sufficient to generate added value from this data, because it does not mean that the data is also used and understood.<\/p>\n<p>A data scientist extracts information from such large amounts of data, which can then be used to derive recommendations for action. To do this, he needs many different skills. For example, he or she must be able to cope with a wide variety of database systems, operate interfaces and analyse data. But there are very few such specialists. Therefore, it is obvious to empower other employees to collect and analyse data. A self-service BI system, for example, enables all users to create reports and analyses themselves and integrates source data from different databases for this purpose. This way, companies can gain new insights from their data, correlate data with each other and explore them without burdening the IT department with costly analyses. However, in order to gain truly meaningful insights from existing data, it is not enough for employees to have access to such BI software. Rather, they need to be data literate so that they understand what questions the system can answer and how the data can help them make decisions.<\/p>\n<p>While most managers are convinced of the importance of data literacy, in reality it seems that the majority of employees do not know how to use data adequately or feel insecure about it. Even managers often struggle to understand and work with data. However, training in data literacy is often only offered to employees who already work predominantly with data, such as data analysts. This can become a problem for companies if it is assumed that all employees are data literate.<\/p>\n<p>&nbsp;<\/p>\n<\/div><\/div><div class=\"et_pb_text_5 et_pb_text et_pb_bg_layout_light et_pb_module et_block_module preset--module--divi-text--default\"><div class=\"et_pb_text_inner\"><h2><span class=\"ez-toc-section\" id=\"Risks\"><\/span>Risks:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>due to a lack of data literacy, wrong decisions can be made.<\/li>\n<li>Faulty decisions reduce trust in data, making employees and managers less willing to work with data.<\/li>\n<li>lack of data literacy means that analyses take more time than necessary. This can lead to missed opportunities. At the same time, this results in higher personnel costs.<\/li>\n<li>Employees feel insecure about working with data, which can lead to dissatisfaction.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<\/div><\/div><div class=\"et_pb_text_6 et_pb_text et_pb_bg_layout_light et_pb_module et_block_module preset--module--divi-text--default\"><div class=\"et_pb_text_inner\"><h2><span class=\"ez-toc-section\" id=\"Continuously_invest_in_data_literacy\"><\/span>Continuously invest in data literacy<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Here's what you can do to make your staff data literate.<\/p>\n<h3>1. Train employees<\/h3>\n<p>Many BI systems are intuitive to use. Nevertheless, your employees should be trained in how to use the system. However, training should not only focus on how to use the software, but also give employees a basic understanding of data, its value and aggregation. This will enable your staff to critically assess the quality of the data, recognise correlations and turn them into insights. If you want to realise the full potential of your data, as many employees as possible from all areas of the company should learn these skills.<\/p>\n<h3>2. Exemplify data-driven decision-making<\/h3>\n<p>Data literacy should always be part of the corporate culture. Therefore, it is important that managers practically exemplify data-driven decision-making. In this way, they show employees how data can support them in their daily work and how it can be applied. Leaders should also continuously support, encourage and motivate their employees in the use of data.<\/p>\n<h3>3. Measure data literacy<\/h3>\n<p>By measuring data literacy, you can check whether your efforts are successful. To do this, you should identify individual success indicators that should improve as the use of data increases, and regularly assess their progress. You can also check the skills of your staff and ask where support is still needed. As data literacy development is an ongoing process, technologies change regularly and new data sources are added all the time, this will allow you to respond to changing needs.<\/p>\n<\/div><\/div><\/div><\/div><div class=\"et_pb_row_4 et_pb_row et_block_row\"><div class=\"et_pb_column_4 et_pb_column et_pb_column_4_4 et-last-child et_block_column et_pb_css_mix_blend_mode_passthrough\"><div class=\"et_pb_text_7 et_pb_text et_pb_bg_layout_light et_pb_module et_block_module preset--module--divi-text--default\"><div class=\"et_pb_text_inner\"><h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Companies should exploit the full potential of their data in order to be competitive. This requires a cultural change in companies, which can only succeed if employees and managers have sufficient data literacy skills. Investing in data literacy is worthwhile in the long run, as it allows better decisions to be made, competitive advantages to be gained and also increases employee satisfaction.<\/p>\n<p>&nbsp;<\/p>\n<\/div><\/div><\/div><\/div><div class=\"et_pb_row_5 et_pb_row et_block_row\"><div class=\"et_pb_column_5 et_pb_column et_pb_column_1_2 et_block_column et_pb_css_mix_blend_mode_passthrough\"><div class=\"et_pb_text_8 et_pb_text et_pb_bg_layout_light et_pb_module et_block_module preset--module--divi-text--default\"><div class=\"et_pb_text_inner\"><p>Learn more about the Business Intelligence Software Software myPARM BI<span style=\"font-size: x-small;\"><sup>act<\/sup><\/span>:<\/p>\n<\/div><\/div><div class=\"et_pb_module et_pb_button_module_wrapper et_pb_button_0_wrapper preset--module--divi-button--default_wrapper\"><a class=\"et_pb_button_0 et_pb_button et_pb_bg_layout_light et_pb_module et_block_module preset--module--divi-button--default\" href=\"https:\/\/new-site.parm.com\/myparm-bi\/\" target=\"_blank\">More information<\/a><\/div><\/div><div class=\"et_pb_column_6 et_pb_column et_pb_column_1_2 et-last-child et_block_column et_pb_css_mix_blend_mode_passthrough\"><div class=\"et_pb_text_9 et_pb_text et_pb_bg_layout_light et_pb_module et_block_module preset--module--divi-text--default\"><div class=\"et_pb_text_inner\"><p>Would you like to get to know myPARM BI<span style=\"font-size: x-small;\"><sup>act<\/sup><\/span> in a demo presentation? 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To realise the potential of this data, all employees should speak the language of data &#8211; in all departments and in all positions. That means they should be data literate. Read today&#8217;s article to find out why this is not the case and why you should invest in your employees&#8217; data literacy.<\/p>\n","protected":false},"author":1,"featured_media":5409,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,29],"tags":[91],"class_list":["post-5399","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bi","category-bi-en","tag-data-literacy"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Why you should invest in the data literacy of your employees | Parm AG<\/title>\n<meta name=\"description\" content=\"Realise the full potential of your data by investing in the data literacy of your employees.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/new-site.parm.com\/en\/why-you-should-invest-in-the-data-literacy-of-your-employees-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why you should invest in the data literacy of your employees\" \/>\n<meta property=\"og:description\" content=\"Almost every company collects large amounts of data. To realise the potential of this data, all employees should speak the language of data - in all departments and in all positions. That means they should be data literate. 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