It is no revelation to say that the pandemic has disrupted most organizations. From sales and supply chains to finance and tax, even the best-managed organizations have scrambled to become more agile and collaborative. Despite some temporary fixes, it’s clear that taking decisive action in a constantly changing environment is hindered by data that remains heavily siloed by function and department.
When we ask why these silos exist, responses vary. In our view, many professionals have been hyper-focused on the job at hand and have, therefore, become accustomed to creating their own systems and tools for acquiring and utilizing data. Challenging times serve to further fuel this mindset, with many organizations espousing the idea that employees should do what they need to do to get the information they need to keep the company moving forward. These dynamics serve to reinforce and perpetuate data silos.