Strategic Data Management - Getting Started
- 1. Strategic Data Management Creating Data Strategy from a Blank Sheet of Paper Jim Hewitt https://www.linkedin.com/in/JFHewitt 1
- 2. Managing Data Is Like…. Managing a food bar. 2 Source – Stage – Prep / Cleanse – Serve – Monitor What is the best way to organize the ingredients? How do we prevent contamination? FDA Rules? Are there any restricted items? Peanuts? Are tomatoes a fruit or vegetable??? How about Corn?
- 3. But is your Data Management Strategic? Just look around, how many are bringing their own lunch? 3
- 4. But is your Data Management Strategic? How many just built their own kitchens? 4
- 5. The Ask “Go build a data strategy and I need it in three weeks.” 5 Blank Sheet of Paper
- 6. Bad Data Strategy 6 We are going to build an Enterprise Data Warehouse! We need BIG DATA!
- 7. Good Data Strategy 7 Successful data strategies can only be driven by business priorities and business strategy. Go talk with the business, you are not going to find this in IT. On the Horizon: • 2016 Plans • 2017 Plans • 2018 Plans The Company’s Top Priorities: • Business Initiative A • Business Initiative B • Business Initiative C • Business Initiative D Uncover Common Data Needs (examples) • Product Sales • Transactions • Client Experience • Client Demographics Assess Strategic Data Capabilities • Data Asset Strategies & Management • Analytics Enablement • Speed / Flexibility • Data Governance & Demand Management • Data Quality Program • Shared Data Structures
- 8. Data Value Chain When creating data strategy think not just about the nouns but also the verbs and work backwards. Data + Context = Information Information + Associations = Analytics Analytics + Action = Value $$ 8
- 9. Build A Road Map & Execute Incrementally 9 1. Product / Feature 2. Product / Feature 3. Product / Feature 4. Product / Feature 5. Product / Feature 6. Product / Feature 7. Product / Feature 8. Product / Feature 9. Product / Feature 10. Product / Feature 11. Product / Feature 12. Product / Feature Epic 1 - Establish the Foundation – Business Benefit $ Epic 2 - Build & Grow Off the Core – Business Benefit S$ Epic 3 - Innovate & Explore – Business benefit $$$ The first priority may be to establish a solid foundation and relieve the constrains in the environment, add value quickly! From there, build incrementally and deliberately, integrating new data sets and capabilities based on business needs. 1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 20xx 20xx 20xx 2 3 Foundation Grow the Core Innovate & Explore 4 5 6 7 9 10 11 12 8
- 10. Expect Challenges 10 • Aligning with the business, course correct if needed • Celebrate the small wins • Remember people are more important than technology • Focused on the goal • Reminding the business WHY we are doing what we are doing! • Fail Fast & keep prototyping especially with Big Data technologies • It’s not easy! • People don’t like change • Old Habits Die Hard • People have short memories • Others want your budget What you will see… What you need to keep doing…
- 11. Strategic Data Management 11 Ensure enterprise data is integrated into a single timely view delivered when, where and in the form needed with improved data quality and security, while protecting customer privacy, and eliminating bottlenecks faced in delivering data. Reduce software, hardware, and maintenance costs, eliminate excessive data spending, and enable new capabilities with lower risk, higher quality, and improved data access. Integrate new applications and data stores that support key business objectives and enabling identification of new sales opportunities across new and existing customers. Organizational Excellence Increased Profitability Enhanced MarketPosition Source: Gavroshe / Fusion Alliance $
- 12. So, how does your organization like data? 12 Raw – Uncooked All You Can Eat Build You OwnHighly Prepared ALL OF THE ABOVE!