How your organization utilizes its data should be as unique as your business. Though most organizations collect data, they often lack the culture or technical infrastructure needed for data-driven decision-making that truly drives a high return on investment.
Define strategic ways to use your collected data that align with your business goals—and develop an implementation road map to successfully move forward—with guidance from our professionals.
Implementing a data-driven culture within your organization can help:
It’s key to evaluate the critical components to achieve and maintain success in the areas most important to you in developing and implementing your data strategy: your people, processes, and systems.
Key considerations include:
Make sure your leaders and team members are aware of their responsibilities and expectations:
You must set goals and monitor them with measurable metrics. Your success is categorized by what you define and measure, and what you measure will help drive your goals.
It’s important to identify the data that’s unique to your organization such as inventories, regional impacts, as well as nuanced drivers such as seasons, weather, elections, taxes, and regulatory change. Many businesses are even created specifically as a result of regulatory change.
To move out of the nascent phases of data maturity or to expedite your current data strategy, our professionals can help you focus on key assessment areas:
We’ll help you align your plan, performance, and people, and provide you with a road map that will drive communication of this essential alignment to enhance employee engagement.
Identify opportunities and assess key considerations with our guidance including:
Off-the-shelf implementation can lead to inefficiencies down the road. By gathering requirements and customizing tools you implement, our professionals help make strategies to work best for your organization before rolling them out.
To successfully map out your data strategy, you must understand your organization’s current state through the lens of your data-driven capabilities and maturity. This step is crucial to move your strategy forward efficiently.
Your data-driven data capabilities will grow as your organization matures into a more data-driven state. These phases of maturity can be characterized across six states:
Working closely with your business leaders, our professionals provide a customized road map to effectively address your data challenges and implement thoughtful, pragmatic data strategies.
We guide clients of all profiles through all phases of data maturity, from early start-ups to publicly traded Fortune 100 companies.
Through our vast experience in advising clients across a range of industries, we understand the practical applications of data tools and strategies specific to your organization’s needs and business processes.
Our membership in Praxity, AISBL—a global alliance of independent accounting firms—also keeps us connected with like-minded firms across the globe who can help provide local, international insight into all considerations of implementing data strategies.
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