Ensuring Business and Data Value are aligned
Industries are being transformed by platform business models. New entrants facilitate interactions between consumers and producers of products & services. They make boundaries between industries disappear and disrupt the customer relationship of incumbents. Financial industry, energy and education and transport services are currently facing significant changes today due to “platformization”, while most other industries are expected to be affected soon. Companies require fundamental changes in business strategy and operating model to address the new challenges. Data Trust Associates supports its clients to understand the impact of those market changes on their business model and how to adapt to it.
Passenger transport in Belgium is going through significant changes. New market players combine products of multiple transport operators in bundled propositions. By doing so, those companies take over the customer relationship from the existing transport operators. They create value by monetizing the customer data and/or by claiming part of the revenues that currently goes to the transport operators.
Data Trust Associates helped a public transport company in Belgium to define its approach in this changing market by defining the core capabilities required to flourish in this new world.
BECOMING DATA Driven
Two Day Hands-on training
Two day Training
Becoming a data driven company is far into the horizon so the vast majority of companies. With many of well established ones leading the way, it is becoming a reality that companies are not just a product or service company. They are also a data company. And to be successful, they must know their data, manage their data use it wisely.
Sounds logical and easy to some but to start this mammoth task begins with knowing the power of data and how it can enable and accelerate your vision and strategy. And, there is also the increasing customer, regulatory and legal pressures to get data right.
This 2-day workshop is indended to meet these challenges. Many organisations will have started different data initiatives such as data governance, GDPR compliance, Information Security or data science initiatives. While some will have succeeded, others will have failed to deliver the value expected. This two day workshop is intended to address all of the different elements needed to be data driven and using a combination of seminar and workshop, to introduce you to a framework that sets you off on a successful path towards being data driven.
What topics are covered?
- What does Data Driven really mean?
- What is a Data Strategy and why do I need one?
- Alignment with your Business and Data Satrategy
- Data Intelligence and how it can help
- Building the value proposition
- Whare are the main components of a successful DI initiative
- How to slice the Data Driven challenge into Use Cases
- How and where do you start to introduce Data Intelligence
- Creating the Data Driven Roadmap
- What benefits can you expect and how you measure them
- Actual Case Studies from Customers
- The Data Driven Organisation
- Learning from the past - the Top 10 mistakes made and how to avoide them
- Scope and objectives
- Understanding your expectations
- Introducing TypicalDataCompany.com
- The overall data landscape
- Recent Data Stories
- The Data challenge
- The impact of bad data
- Creating sense of Urgency
- Definitions and focus
- How successful has it been?
- Why some many failures?
- Key components of success
- Where do you stand?
- Vision and Strategy
- Organisation and People
- The Data Driven Framework
- Domains of maturity
- Mapping the journey
- Assessment Implications
- Data Driven Hands-on: Do the Assessment
- Creating a clear Data vision
- Understanding business drivers
- Identifying key data challenges
- Building a business case
- Hands-on 2: Creating the Business Value proposal
- Organising for Data – industry model
- Decidining on the right model
- Hands-on 3: Defining the Operational Model
- Understanding Roles & Responsinilities
- Data Intelligence and BPM design and operation
- Data Governance processes
- Designing Data Governance processes
- Hands-on 4: DI Process Analysis
- The importance of measurement
- What and how to measure
- Establishing baselines and improvement targets
- Hands-on 5: Data definitions and the Data Program
- Program Sponsorship
- Managing the Change
- Key skills & competencies required
- Communications Plan
- Stakeholder involvement
- Hands-on 6: Communications Plan
- Review of the technology landscape
- Hands-on 7: Demos
- Making the case for technology
- The role of IT and Business
- The different components
- Deciding what does first
- How to present for success
- Hands-on 8: Present your Roadmap
- Roadmap implementation
- Recap of objectives
- Summary of key points
- Potential next steps and call for action
- Your feedback
We provide this intensive training to both public and in-house audiences. While the content is similiar the preparation is different as we like to do more upfront research for the in-house training. Peaple that usually attend are:
- Chief Data Officers
- Data Stewards
- Data Owners
- Information Architects
- Data Product Owners
- Business Managers
- Data Quality Specialists