On June 30, 2023, the workshop “Harnessing the Value of Enterprise Data: From Strategy to Execution” was held at the Microsoft office in Hanoi. This is part of a series of collaborative events between Datapot and Microsoft, featuring guest speakers from CMC Technology Solution, to create a community that supports enterprise digital transformation and showcases the latest trends and innovations. Innovative solutions and technologies.

The series of events on Power Platform and applications in the digital transformation of companies will take place from now until July 28, 2023 in the Microsoft Vietnam office and on the Microsoft Teams platform.

DATA BECOMES A HUGE COMPANY ASSET

According to experts, business value is being redefined in the digital economy and data is becoming a great asset for companies. The collection and use of accurate and scientific data is one of the factors that help companies increase their production and business capacity.

Businesses can also use data services to expand markets and manage risk for their business and manufacturing activities. Artificial Intelligence (AI), Big Data… will be the tools that will help companies analyze data more easily and productively.

According to the United Nations, the open data ranking ranks Vietnam 87th out of 193 countries and territories in 2022, 10 places higher than the ranking in 2020, but still in a very modest position. Our goal is to be at least in the group of top 70 countries by 2024, that is, in 2023, we must continue to make many times greater efforts.

In the process of digital transformation, databases (data) are considered as a vital resource and important asset of a company. When companies know how to use data, it is a great source of valuable information that effectively contributes to business expansion and export.

There are many benefits when companies know how to organize, manage and leverage internal and external databases well. This will help companies to reduce potential risks, especially in the export area. The improvement of processes and policies will significantly support decision-making and the development of production and business activities to respond more effectively to market changes and customer needs.

Mr. Phi Dang Khoa, head of Microsoft Vietnam’s technical partner team, said that many companies now spend 90% of their time using Microsoft tools such as Office, 365 and others. Therefore, the data resources of companies stored on Microsoft platforms are very large, so integration with Microsoft data mining platforms like PowerBI, Azure or Power Platform will help companies to mine them quickly, conveniently and with high added value to provide.

However, according to Mr. Khoa, it is also difficult to successfully implement technology application strategies in companies when there are only technology tools that users have no knowledge of managing or partners that provide data platforms.

Mr Le Minh – Technology Director of CMC Technology and Solution, said data is now being viewed as the “new oil” for companies to add value. The dizzying increase in volume of data sources such as social networks, mobile devices, IoT sensors and online platforms represents a vast amount of information creating opportunities for data mining and analysis. Materials to create business value.

However, in order to make good use of data, we need thinking, ideas, tools and data use skills. When providing data, companies must pay attention to the degree of availability, time and calculation. Accuracy, security and cost of data.

THE SUCCESSFUL PROBLEM FOR DIGITAL TRANSFORMATION COMPANIES SUCCESS

To Manh Hoang, director of Datapot Analytics, said that companies still lack effective ways to implement technology and data strategies. Up to 85% of large projects have failed (Gartner statistic from 2017), 62% of the reasons for failure are not due to technical problems but to companies not clearly defining their goals and not investing in data. Improper… leads to low added value.

In addition, an important reason is that users experience difficulties in using technology products, lack of data and necessary insights, data is not guaranteed, reliability or business goals, business strategy, or are changed due to changes in the information technology system, or because the goal changes to high compared to the actual need…

To help companies overcome difficulties in building and using data, Manh Hoang, director of Datapot Analytics, said that when companies implement projects, they create a vision, select “seeds” as personnel to be trained, and fill in the missing elements addition must be clearly identified …

Next, organizations must prioritize the collection and approach to current data usage patterns to provide development guidance in terms of infrastructure, technology and other resources. In the future, companies must also focus on business needs, customer tastes and data architecture trends in order to develop user-friendly and optimal products for customers and develop companies in a sustainable way.

In order to maximize the value of data in the digital transformation process, building a data culture is a crucial factor according to Mr. To Manh Hoang. Building a data culture in the digital transformation process will help organizations create consistency and trust in the collection, storage, processing and use of data. In addition, a data culture helps organizations encourage the sharing and efficient use of data while encouraging innovation and creativity.

In addition, the promotion of data-driven analyzes and decisions as well as the cultivation of data literacy are important criteria in the process of corporate culture formation. This improves the ability to make accurate and quick decisions.