strategy development foundations to succeed with your data warehouse and analytics (part 1) ...
TRANSCRIPT
Strategy foundations to succeed with your data warehouse, reporting & analytics
(part 1: The Strategy Development Framework)
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Prepared by: Arthur Dimitropoulos MBA MAICD [email protected]/in/arthurdimitropoulos
Date: April 2016
Copyright © 2016 Gnosi Professional Services
‘through 2017, 60% of big data projects will fail ’Gartner: September 15, 2015
You need to develop your Business Intelligence (BI), Analytics & Insights strategy creation framework before commencing any BI, Analytics or Insights initiative to minimize risk and the probability of failure.
Your BI, Analytics & Insights strategy creation framework will include some of the following areas:• An initiative sponsor.• Creation of a Steering Committee to decide on:
• The Vision• Define Information• The Scope
Vision Scopeexample:
'Managing, communicating and acting on information,
intelligence and insights to effectively maintain and create
shareholder value'
Define Informationexample:
'storing and Communicating something
that is known'
example:• Areas/Activities • Purpose • Context • Time • Process
• Structure
Business Intelligence, Analytics & Insights Steering Committee
Strategy Creation Framework for Reporting, Analytics & Data Warehouse
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The principles in developing the philosophy behind the strategy creation framework include:• Supporting the achievement of the corporate strategy• Governance• End user focused• Developing internal capabilities• Productivity• Accuracy• Timeliness• Storage• Life cycle of data & disposing/archiving• Ethics• Development of employees• Internal & external data sourcing
www.gnosi.com.auCopyright © 2016 Gnosi Professional Services
Strategy Creation Framework for Reporting, Analytics & Data Warehouse
Once the strategy creation framework has been developed your are ready to formulate the following strategies:• Data Warehouse• Reporting• Business Intelligence• Dashboard• Analytics• Modelling & Planning• Insights
Ensure the above strategies are aligned to the outcomes of the corporate strategy.
www.gnosi.com.auCopyright © 2016 Gnosi Professional Services
Strategy Creation Framework for Reporting, Analytics & Data Warehouse
Corporate StrategyValue Chain
Strategy Development Framework forBI, Data Warehouse, Analytics, Modelling & Insights
Internal Technical Capability Review
End User Capability
Assessment
End User Survey
Define Future Technical
Environment
Strategy Implementation
Measurement of Implementation Success
Strategy Augmentation Feedback Loop
End User Workshops & Interviews
Requirements Process Map
Inventory Review
SBU & BU Strategies
Creation Of Roadmap for BI Strategy
Key Considerations
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Strategy Creation Framework for Reporting, Analytics & Data Warehouse
End of Part 1
Thank You
www.gnosi.com.auCopyright © 2016 Gnosi Professional Services
Strategy Creation Framework for Reporting, Analytics & Data Warehouse