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It all begins with a succinct clear alignment to the overall business strategy and maturity – the time spent in drawing this framework will help save so much time and avoid creating multiple presentations down the road which then attempts to connect the dots. Treat your data transformation as an investment portfolio. You can’t really put all your eggs in one basket, but you can decide on where you hedge your bets. Every business is constantly fine tuning their business operations and also have transformation teams that are also trying to radically change the business. Plan for both of these but consider the level of change that the firm can handle alongside the appetite for risk. Your investment thesis (1) really sets the rhythm and excitement. There are many frameworks to document this - don’t get lost by trying to get this perfect. Pick a published framework out there and start collating the information. McKinsey published the “Next Operating Model for a Digital World” that provides a great heat map that you can use to determine the opportunities against impacts for the various companywide initiatives. I use a variation of this that has business questions attached to help companies get this on paper. You really determine how long this takes and how much help you need to flush this out. If you are treating this as an acquisition opportunity and have your senior leaders engaged, you should be able to construct the first draft in less than 4 weeks. https://images.squarespace-cdn.com/content/v1/61895af99b5f2732ed1ad4b0/1639979991559-DTZSL9PTJUB3WWIOYSXC/Blog_Change_iStock-826696516_edit2.jpg Our approach https://images.squarespace-cdn.com/content/v1/61895af99b5f2732ed1ad4b0/1639980975603-6L0NRL1BXT2S64ECJANR/playbook_portfolio+mgtexec_iStock-1310124955_edit3.jpg Our approach https://images.squarespace-cdn.com/content/v1/61895af99b5f2732ed1ad4b0/1640017011268-AYWMNECDS66F6TDIUCNV/playbook_data101_iStock-498806418_edit4.jpg Our approach https://www.datathatmatters.net/education-for-teachers daily 0.75 2021-11-19 https://www.datathatmatters.net/our-team-1 daily 0.75 2022-06-09 https://images.squarespace-cdn.com/content/v1/61895af99b5f2732ed1ad4b0/1637618661766-T7IL5WNXUKKKFVNH837O/Grow2_iStock-1312140503.jpg Our founder https://images.squarespace-cdn.com/content/v1/61895af99b5f2732ed1ad4b0/1637618689300-BG94IPWMICNOULQ8K395/Engage_iStock-1204762097.jpg Our founder https://images.squarespace-cdn.com/content/v1/61895af99b5f2732ed1ad4b0/1637618712324-0ST6Q9RR1WH7HV9J2US9/start_iStock-1205428317.jpg Our founder https://images.squarespace-cdn.com/content/v1/61895af99b5f2732ed1ad4b0/1640039172646-WY745NTK0OIEF1H61VNP/VR.PNG Our founder https://www.datathatmatters.net/support-for-communities daily 0.75 2021-12-20 https://www.datathatmatters.net/our-goal daily 0.75 2021-12-18 https://images.squarespace-cdn.com/content/v1/61895af99b5f2732ed1ad4b0/1639868727385-A2OCLB6FZPNFQZCZCOOR/Grow2_M_iStock-1312140503_edited.jpg Our Goal - Become 19x more likely to be profitable with data The data lake is really an ocean of opportunities The International Data Corporation (IDC) forecasts the worldwide spending on big data and business analytics solutions to reach $215.7 billion in 2021 with an addition of 59 zettabytes (ZB) of data that will be created, captured, copied, and consumed. Don’t get lost in Big Data, instead continue your obsession around improving customer or client journeys, automation and improving business operations by becoming a data driven organization. McKinsey Global Institute reported that data driven companies are 19 times more likely to be profitable and successful. Tackle the Data Tsunami The level of transformation and disruption caused by Big Data have spurred the need to change the rules when driving value in this space. The exceptional leaders can learn the culture, identify the firm’s strengths and help create unique value propositions by shuffling priorities, iterating what they have and most importantly connect different parts of the organization. Tired of writing use cases? How much time do you spend asking these questions? Help increase sales at lower cost through our product and services by using our data effectively Let’s just bring together all our data in one place and that will tackle the disparate legacy systems, disjointed processes, inconsistent definitions across different business lines and geography and solve the problem. Capture all these valuable data that is getting lost to create new products and services and hep our clients and customers save money. Help increase margins by automating various manual operations with AI and Machine Learning Help us win more, sell more, increase our margins and make us the go to place for our clients and customers. Whilst we do that, let’s be the best place to work. Sound familiar? Need to bring this idea together and build out a roadmap? Let’s talk. Vijay Rajandram https://www.datathatmatters.net/home daily 1.0 2022-06-09 https://images.squarespace-cdn.com/content/v1/61895af99b5f2732ed1ad4b0/1642449781425-5YWHUXBGHWBZC9K0ECJJ/Screenshot+2022-01-17+at+20.02.50.png Home - Data that Matters Founded by Vijay Rajandram, a commercially focused data strategist with 20+ years of experience, ranging from startups to Fortune 500 companies across the globe. 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