We help our clients to develop data strategies with consideration to three key building blocks.
Choosing the right data will give companies not only a more panoramic view of the business environment but also a granular view. This involves sourcing data creatively, promoting broader thinking about potential data and generating the necessary IT support.
Data models should be built so that they predict and optimize business outcomes. The most effective approach does not start with the data, rather with identifying a business opportunity and determining how the model can improve performance whilst considering inherent risk.
The final building block is that of transformation of the organisation’s capabilities. We support management teams to understand and trust big-data based models by addressing the mismatch between culture, capabilities and emerging tactics.
Using big data requires thoughtful and organisational change. Actions can be put into practice by identifying the business relevant analytics that can be put to use, embed analytics for simple tools for front lines and develop capabilities to develop big data.