Tag "ROI"

Data Powers Business – What Quantifiable Results are Possible?

What quantifiable results are possible with a data-centric approach? “Data has changed everything around us. It is the strategic disruptor that is transforming businesses, governments and every one of us across the globe. We have moved from a world where it was an outcome of automating transactions, to a second wave where databases, apps and... more

The King of Benchmarks Rules the Realm of Averages

A mid-sized insurer recently approached our team for help. They wanted to understand how they fell short in making their case to their executives. Specifically, they proposed that fixing their customer data was key to supporting the executive team’s highly aggressive 3-year growth plan. (This plan was 3x today’s revenue).  Given this core organizational mission... more

Becoming a Revenue Driven Business Model through Data is Painful for Government Agencies

Recently, I presented a Business Value Assessment to a client.  The findings were based on a revenue-generating state government agency. Everyone at the presentation was stunned to find out how much money was left on the table by not basing their activities on transactions, which could be cleanly tied to the participating citizenry and a... more

The Process Stages of Data Governance

To truly manage data as a valued enterprise asset, data governance must be managed as a business function like finance or human resources.  A finance function is comprised of multiple core business processes such as accounts payable, accounts receivable, payroll and financial planning.  So to manage data governance as a function, what are the core... more

Measuring Data Governance: Lies, Damned Lies, and ROI

The next facet on the tour of our data governance framework can be one of the most frustrating for those driving data governance efforts within their organization: Measurement. The concept of data governance has experienced a boost in credibility over the past few years. Many business leaders finally acknowledge the need to transform their organizations... more