BDO’s approach is built on four simple steps that will help you create a single dashboard view linked to your strategic goals.
Establish strategic purpose of data analytics.
Assess organisational data maturity.
Develop a data analytics implementation road map.
What’s the driver behind your data strategy? Having a clear purpose before starting any big data analytics project is perhaps the most important step, which is why it must come first. We use two factors to understanding the purpose – and the extent to which it’s needed from an organisational perspective:
How mature is your organisation when it comes to using data to inform decisions and drive change? Understanding your current capability to access, interrogate and derive value from your data will determine the starting point on your path become a data driven organisation.
Defining what your data maturity is today vs where it needs to be to drive business change will help determine the level of investment you need to make in data analytics.
The next step is to develop a Data Analytics Implementation Roadmap based on the outcomes of the assessment conducted in Step 1 and Step 2. Here’s an example:
We recommend a staged approach starting with a well-defined pilot project. Subsequent projects can be added as benefits are realised and embedded into your organisation. Taking a staged approach strikes a balance between doing nothing (not realising a return on the investment on data analytics) and doing too much at once (increasing the likelihood of maximising the benefits of any future technology upgrades and transformation projects). It is cost effective and benefits can be realised even without a technology upgrade.
Contact us to discuss a tailored solution to meet your needs.