New Global Offering Promotes Data Literacy to Reduce Billions of Dollars in Lost Revenue Ever Year
AVADO, a global edtech company redefining professional learning in the digital age, announces the rollout of Data Academy, a series of courses designed to overhaul data-driven decision-making in the corporate world and close the biggest skill gap in American companies today.
According to Forrester, 60% to 73% of customer data is wasted, or not applied to its fullest potential, which ends up costing companies millions of dollars every year; on a national scale, this equates to billions annually. By helping companies strengthen their data competencies from the C-suite to entry-level staff, AVADO’s Data Academy is empowering them to capitalize on the next wave of digital transformation.
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Working in partnership with data visualization and business intelligence industry leader Tableau, AVADO’s Data Academy uses renowned data scientists to improve data understanding across all employees within a workforce, thereby reducing the external resources needed to derive helpful insights from data.
In the face of the fourth major industrial revolution, wherein digital reigns supreme, corporations need to bring these skills to their internal teams in order to maximize production and minimize job loss.
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“Data is an enormous asset when it is properly distilled, digested and employed to reach actionable ends,” said Niall McKinney, Global President of AVADO. “In the race to keep pace with the exponential growth sparked by digital transformation, companies need to seriously evaluate their return on investment when it comes to the data they are collecting. Otherwise, they’re leaving valuable information on the table.”
Further, the Data Academy provides additional protection in the age of cyber-insecurity. With more than 40% of reported security breaches being caused by employee negligence, it is crucial that companies teach all members of staff the importance of data, the possible consequences of misusing it and, most importantly, how to protect it. Without that inherent knowledge instilled amongst staff and within company culture, brands are putting both their reputation and profitability on the line.
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