“Those companies that view data as a strategic asset are the ones that will survive and thrive.“
Data Strategy
~ Bernard Marr
Drive Success with Clear Data
A clear Data Strategy is essential for effectively utilizing your data. Without direction, data can become overwhelming and difficult to interpret. A focused strategy allows you to derive actionable insights, discover new opportunities, and streamline your operations.
We can assist you in developing a Data Strategy that aligns with your goals, ensuring that your data efforts provide real value. It’s time to explore how a structured approach can enhance your decision-making process and overall business performance.
Big Numbers
90%
90% companies agree Data are strategically important for their companies and giving them competitive advantage
1/3
1/3 companies planning investment in Data Strategy area in next 3 months
2/3
Almost 2/3 companies increasing investment into Data strategy leveraging external capacities
*based on Joyful Craftsmen Data Study report 2024
We Will Help You
What‘s In It For You
01
Data Strategy Framework
A comprehensive proven blueprint for your data-driven journey giving you clear guidance in all challenges related to data. Our framework brings your business and IT teams together to focus on the business value of data.
02
Data Strategy
Assessment
Evaluate your current data strategy swiftly through our proven framework with focus on business impact through data and operating mode of teams working with data in both business and IT domain.
03
Transformation
Roadmap
A clear and prioritized plan for your data initiatives and operation model adjustments ensuring a focused approach to achieving your business goals. Ensure that every step is focused on delivering measurable results.
04
Data Strategy
Activation
Our experts will guide you to ensure that your strategy doesn’t only exist on paper but is effectively implemented throughout your organization. We also support regular reassessments, adapting activities as priorities shift within the business.
More Big Numbers
60%
Reports by McKinsey & Company demonstrated that organizations that are more likely to use data and analytics strategy stand a higher chance of increasing their profitability by 60%.
source by McKinsey Digital
48%
In 2024, corporations will strive to deliver business value from their data investments. As a step in this direction, 48.1% of organizations have made the corporate Data Strategy a primary mandate of the chief data officer (CDO) or chief data analytics officer (CDAO).
source by Dataversity
93%
Perhaps the most important change will involve data — curating unstructured content, improving data quality, and integrating diverse sources. In the AWS survey, 93% of respondents agreed that data strategy is critical to getting value from generative AI, but 57% had made no changes to their data thus far.
source by MIT Sloan
FAQ
You can come across challenges such as a lack of executive buy-in, fragmented data sources, insufficient data governance, resistance to change, and unclear objectives.
Success can be measured using key performance indicators (KPIs) such as revenue growth linked to data initiatives, costs saved achieved through identified inefficiencies and lowering operational costs, improved operational efficiency through task automation and streamlined processes, lowering risk scores through ensured compliance and enhanced decision making avoiding costly errors or improved customer experience by insights into customer behavior and satisfaction. We will help you define the right KPIs and track your data to ensure measurable progress.
Data governance ensures that data is managed properly, promoting data quality, consistency, security, and compliance, which are essential for a successful Data Strategy. We are experts in Data Strategy and Data Governance are here to help you cover all these aspects effectively.
We can provide this information once we have a clear understanding of your infrastructure and have established a Data Strategy. Generally, the strategy should be reviewed every 3 to 6 months, or whenever significant business changes occur, such as the adoption of new technologies, shifts in the market, or evolving organizational goals.
You need to implement standardized data management processes, conduct regular audits, utilize data profiling tools, and establish clear ownership and accountability for data. Reliable data is of great importance, and we can help you incorporate automated data testing as well.
Begin by focusing on tangible benefits, including cost savings, improved efficiency, enhanced customer insights, and potential revenue growth achieved through data-driven decision-making. If you do not have an established Data Strategy or if your current strategy requires improvement, we are here to assist you in developing a robust Data Strategy tailored to enhance your business operations. Contact us to discuss your needs and allow us to provide a comprehensive assessment.
- Here are the key reasons why adopting a value-driven data strategy is essential:
- Revenue Growth: Is your data strategy actively driving sales, expanding market share, or unlocking new revenue streams?
- Cost Efficiency: Are data initiatives revealing inefficiencies, optimizing resources, or reducing operational expenses?
- Customer Experience: How is data improving customer interactions, creating a more personalized, seamless, and satisfying journey?
- Operational Agility: Are you leveraging data to streamline processes, automate tasks, and increase organizational agility?
- Risk Management: How does data help manage risk, support compliance, and improve decision-making to avoid costly errors?
Transform Your Data into Results
Contact us to embark on a journey where every piece of data propels your business forward.
