Data is a gold mine that can fuel business innovation and growth, but you need to have the skills to use it.
A study of 1,000 workers in Singapore found that 8 in 10 employees (84%) feel overwhelmed when working with data, and 47% report taking at least one day of sick leave due to stress contributed by data.
As a result, Singapore businesses are losing a staggering S$5.1 billion in productivity every single year because the workforce of today is not data literate (i.e. employees don’t know how to read and work with data, despite it being crucial to their jobs).
This is a productivity crisis that cannot be ignored. It also means that firms are not able to capitalize on the true value of their data.
Check out this infographic for more key findings from Qlik’s new report The Human Impact of Data Literacy.