In this modern world of technology, every business is associated with data from all kinds of angles. There always is constant pressure to use different kinds of approaches from data to further improve the performance of the businesses. Hence, wide use of those important data has developed both the demand and desire for the process known as data democratization.
Before getting the important knowledge on the term data democratization, you have to understand what this data democratization actually means. It can be expressed as the start of a democratic system or principles.
To define it in an easier way, it is the way of making something easily accessible to everyone. This implies that there will be no gatekeepers that can create a bottleneck in the entrance of the data.
It provides relief to the people as they can get a better understanding of the process of data-related decision-making and encounter some brilliant opportunities for a company. The actual goal is to use the data by everybody and at any time and also to make a major impact in the process of decision-making with no barriers or roadblocks.
Pros: Importance of Data Democratization
It has been rightly said that data democratization is an evolution. Supporters of data democratization believe that it should be important and essential to disperse the information on all the working teams to achieve a useful competitive edge.
The more people having diverse expertise can have access to data, the organization will receive benefits by recognizing and taking action on various kinds of important and complicated business insights.
It is the belief of many high and expert professionals that the method of data democratization can work as a game-changer for many organizations. When the data is spread all over the organization, it can empower all levels of individuals to use that data and actively participate in the process of decision-making.
Cons: Apprehension regarding the Data Democratization
Still, many organizational individuals are perplexed regarding the process of sharing the data with non-technical employees as they believe that this could result in the problem of data misinterpretation, which might develop some poor business decisions.
Moreover, the more users with having access to data, the bigger become the risk of data security and thus giving more trouble in properly maintaining the integrity of the data. There is another undeniable problem — a duplication of the efforts of the different teams, which could result in more wastage of both the time and effort while comparing to a centralized group.
Solution
Therefore the business leaders need to carefully weigh both the pros and cons of the process called data democratization while determining which type of approach can benefit their organization more than the other.
As an example, while talking about a healthcare center that works with diabetic patients, it is not good to share personal details about patients. But in order to perform a proper analysis, these details need to be shared such as the age group, medical history, and or other specifics which will give way to solve the problem i.e, diabetics by conducting proper research.
Hence, it is true that sometimes the perception offered by the non-technical employees might be misleading to some extent, but proper attempts can surely be able to add a special layer of scrutiny to the existing decision, to avoid any type of mistakes and also to ensure the growth of the organizational — the business leaders need to give their careful attention regarding data democratization.
