The whitepaper by LTIMindtree emphasizes the necessity of data literacy in the finance sector, underscoring its dynamic and evolving nature influenced by market trends, economic conditions, and regulatory changes. It highlights the criticality of data literacy for various roles within finance, including CFOs, CDOs, senior management, and IT departments, aiming to enhance decision-making and innovation through data understanding. The document outlines challenges in data comprehension and proposes a framework for improving data literacy, including identifying business objectives, assessing current data capabilities, and developing tailored training programs.

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