A data-ready company is one that is capable of treating data as a strategic asset throughout the organization... He is the one who invests in his architecture, either through cloud computing, in your own facilities or combining both solutions, to build a foundation from which data is always available. A data-ready company integrates data into its culture and uses it to drive high-performance teams.
Big data. The term is in vogue. Along with cloud computing or artificial intelligence, big data is one of the new IT trends that receive the most media attention. In your case, its popularity has transcended the technological environment, logical phenomenon if we consider its dimension as a social phenomenon or its revolutionary applications.
At the business level, Big Data represents a golden possibility for turn data into a strategic asset. In summary, it is about obtaining information that differentiates us from the competition thanks to this holy grail of the new times. But, Are the promises excessive, so much fuss is truly justified?
The relevance of the data cannot be questioned, but it is true that Big Data must be conquered. If we put the means to extract value from big data through a new approach, it will be feasible to process and analyze it to help action and decision-making. Opposite case, indeed, achieving results will be a utopia with no chance of success.
Target: go beyond traditional BI
Therefore, achieve the long-awaited competitive advantage needs face important challengesand exceeding them means that the organization to finish has managed to become a company ready for data.
We will leverage Big Data analytics and cloud computing to expand the possibilities offered by traditional business intelligence. To this end, it does need to develop a data-ready organization. In other words, create data architectures that turn data management into a strategic discipline that provides information that can translate into competitive advantages.
In today's global environment, characterized by a fierce competition and constant changeBecoming a data-ready leader is a must for the survival of modern companies. There are many obstacles to overcome, and very complex, but the reward of take advantage of all those possibilities they also make it a fascinating target.
What is a data-ready company?
The Data Ready company is an organization that has successfully created an independent department for data management as a strategic business discipline.
Its ultimate goal is to turn hidden data into useful information to obtain competitive advantages that make a difference against the competition.. It is essential to point out that it is not about doing a one-off job.
The approach of a data-ready company goes beyond tackling isolated projects. To be truly effective, must do some strategic operations, systematic and scalable. If it is feasible, use the benefits of cloud computing.
The relevance of getting there first needs painstaking work, specialization and permanent work. The key is to master the art and science of enterprise data management before the competition. Seek a competitive advantage, whatever it is, it's the job of the new department. It is not surprising that, in rapidly evolving markets, knowing how to transform experience into critical data is critical.
The 7 principles to create it
The hassle of creating a data-ready company can be overwhelming. Let us bear in mind that it involves very multiple challenges, among others the management of changes in technologies, processes, communication or talent management.
To be successful with the new data organization, we must develop a repeatable method, trustworthy and valuable to reveal that valuable information. But how to do it? It will be quite simpler than we imagine if we take into account a series of starting based on experience, like the ones we refer to below:
- Define how data makes a difference for your business: The explicit definition of how the data contributes to achieving this differentiation. Clarity and fair measurement are essential when establishing those key data.
- Mark the strategy map of immediate achievements: Users in all business units must be convinced of the benefits of the new approach. The success of the new data organization will largely depend on its ability to deliver results that excite the business..
- Stand up to IT and business policies: The data organization must find a way to strategically interact with IT and business departments. It occupies a space between the two and performs the link function.
- Plan mindset change management: Doing business differently means setting policies, as well as applying new standards and processes, and this can generate resistance. Show results and the direct impact on the business will help convince the units involved.
- Take advantage of both technologies and processes: We must use both technology decisions and processes for the success of the new data strategy.
- Take advantage of items common to business units: It is key to find the balance between the different pieces that make up the data ready company, from technologies, processes, talent and policies. For this, it will be very useful to focus on the common items of the different business units involved.
- Rethinking the way you manage talent: A data-ready company needs talent management based on a common set of recruiting tools and channels. The objective is twofold: leverage the knowledge you already have and centralize staff planning based on its value for new proposed projects.
Conclution
If your company is beginning its transformation journey to become a data-ready company, Ideally, focus on one or two key business initiatives that can significantly benefit from a data-ready system.. As an example, You can start with an initiative to achieve a total customer experience and, therefore, develop data-ready organizational capabilities. Identify common technologies and requirements, like cloud computing, that can be leveraged across multiple initiatives and focus on getting results quickly.
Image source: Pong / FreeDigitalPhotos.net
Related Post:
