Why organizations need data literacy in today’s industrial revolution?

The modern world has already approached the digital revolution and industries are on the verge of this revolution. The arrival of the new industrial cycle, or fourth industrial revolution (Industry 4.0), is now enabling businesses across diverse industry verticals to turn to technology to stay competitive in this quick-shifting world. The winners of the new industrial endeavor will certainly be those with data skills. Already, it is predicted that there will be a ten-fold increase in worldwide data by 2025. In this way, having data skills to understand this data surge will be profitable for both organizations and individuals alike.

Significantly, with the growing data landscape, data-driven enterprises will produce data literate employees that can contribute to their roles and assist businesses to hone their competitive edge in a hostile global economy.

As Industry 4.0 is reaching every aspect of businesses and life, the future workplaces increasingly rely on automation powered by artificial intelligence, the crowdsourcing of tasks, and the use of a smart workforce. The new industrial revolution is rapidly transforming workplaces into workspaces, forming local nodes of a complex network of people, technologies and practices that will establish a potentially globally distributed workspace.

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