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May 2020 Newsletter
Assess, Plan and Adjust: Stability for Today and Growth for Tomorrow
While we’ve seen an industry-agnostic pause as organizations collectively assess, plan and adjust for the unknown, we’re heads-down and doing our best to not only protect our business, our team and our clients — we’re also focused on ensuring mission-critical data initiatives survive and thrive, too.
As the conversation in the “data war room” shifts from strategy to quantifiable outcomes, we’ve aligned our services and solutions to tactically impact our clients’ bottom line: reducing inefficiencies, optimizing costs, mitigating risk, enabling agility (and transformation) and ensuring business continuity.
Given this renewed focus, one key opportunity we’re prioritizing to help our clients realize critical business value is in tackling inherent data acquisition challenges – which often involves a costly data strategy we’ve seen repeated across many industries.
In this month’s feature article, we’re sharing some key insights and opportunities for how to better standardize, manage and govern your data acquisition process. In a follow-up post, we’ll explore the critical role of an enterprise data catalog for data acquisition management (and some successful use cases leveraging Collibra) to ensure your organization is data and insights-rich.
Data Acquisition Beliefs and Best Practices
Our client engagements that focus on data acquisition standardization and governance are sharply on the rise. We believe certain foundational aspects should be in place to maximize value, optimize cost, reduce risk, ensure business needs are met and allow the purchase to be more broadly used by the organization.
In The Ins and Outs of Data Acquisition: Beliefs and Best Practices, our senior consultant Sarah Rasmussen cites the many benefits of having a standardized approach for data acquisition, the value of an enterprise data catalog and the critical role data governance plays.
Driving Forces Behind Digital Transformation and Acceleration
The pace of all things digital is rapidly increasing thanks, in part, to ongoing momentum of digital transformation initiatives and pandemic-driven innovation around remote work and remote learning. Business continuity concerns and the need to leverage data as an output of the digitization exercise to better understand risk is also driving urgency in our current economic climate.
In Speed of Change: Journey to Digital Acceleration, Kelle O’Neal shares her thoughts on the digital transformation and digital acceleration journey, including an overview of roadblocks, approaches to overcome objections and how to successfully transition from not only being data-driven — but also digitally driven.
New Guide: Resolving Data Definition Conflicts
We’re excited to share a new resource with you, A Practical Guide to Resolving Data Definition Conflicts. The 21-page guide, written by our senior consultant Gretchen Burnham, offers a framework for working through persistent data issues.
Gretchen outlines four guiding principles to keep in mind as you analyze and work to address data conflicts and a conflict resolution process with advice for gathering stakeholders, analyzing the conflict and formulating, approving and implementing a resolution.