Building up a data asset is fundamental!

Data heritage precious stones

Isn't mastering company data primarily a human issue before it's a technical one?

All contemporary technologies relating to artificial intelligence and big data are present in our daily lives as citizens. However, we are not accustomed to using them in businesses to create services.

Today, the value of corporate data is considerable, and often unrecognised. This is what we call data heritage, the assets inherited from the ascendants, in this case the company as ascendant. And it is because we all often work in silos that this heritage remains unrecognised. From now on, all levels of the company must become acculturated to data.

Isn't the first step to define a methodology for knowing what to do with this data?

First and foremost, mapping work needs to be carried out. Where is this data located? Who has it? How was it collected and who uses it? Our conviction, at JEMS Group, is that all companies possess a data asset. This asset is their most valuable possession. From there, it will be possible to build new business models or new product lines.

We have implemented a very structured method for building these models. All data is good. Nothing should be discarded, whether it is complete, incomplete, old, linked to production systems, etc. Everything must be kept because the rival company does not have this data. It will be useful later even if we don't know how for now.

«A company's value is now data» is a statement that is heard more and more often. However, an organisation's value is far from being limited to this single aspect...

That's correct. Human capital, and the production of goods and services, also constitute a company's value. When we emphasise that value is data, we mean that we are in a world awash with data, and companies that continue to ignore it will eventually be pushed out of their markets. Without a data strategy, a company can be marginalised overnight and expelled from the field of potential winners.

What implications does that have for a company like yours?

JEMS Group is a data industry player. In this field, the advice we provide to our clients is essential as new technologies are evolving at an impressive rate. This is why our teams are constantly trained to meet their demands, but also to alert them to fundamental points. We dedicate 5% of our turnover to training. An interesting figure, in 2020 during the height of COVID, 171 people were trained in new data and digital technologies. Career plans are reassessed every 6 months to adapt continuously.

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