Datafication

What Does Datafication Mean?

Datafication refers to the collective tools, technologies and processes used to transform an organization to a data-driven enterprise. This buzzword describes an organizational trend of defining the key to core business operations through a global reliance on data and its related infrastructure.

Datafication is also known as datafy. An organization that implements datafication is said to be datafied.

Techopedia Explains Datafication

Organizations require data and extract knowledge and information to perform critical business processes. An organization also uses data for decision making, strategies and other key objectives. Datafication entails that in a modern data-oriented landscape, an organization's survival is contingent on total control over the storage, extraction, manipulation and extraction of data and associated information.