Becoming a Data Driven Business
The need to turn data into insightful information is a key objective for housing organisations striving to improve efficiency, lower costs and improve strategic decision-making, to improve and gain competitive edge.
Housing organisations have large volumes of complex, disparate structured data, of higher complexity than other sectors, are usually those where the greatest benefits can be derived from leveraging their data. But they also have the greatest challenge in planning and implementing successful data driven strategies.
The first question is often...
“How do we go about moving a project like this forward - where do we start to become data driven?”
It is a difficult question to answer and the thought process may go something like this: “What are we trying to achieve? What is the end game? Where are we now? What resources and capabilities do we have available? There are so many interplaying factors, strategically, operationally and technically, we need to do something, but what do we do?” The business leaders don’t understand the technology and the technologists don’t understand the business goals. All organisations are, to varying degrees, facing the same dilemma. As experts in enterprise data management solutions, we are constantly being asked the question, “How do I start?”
As these questions are challenging, many organisations shy away from them, and the project is then left to the technical staff to ‘just work it out’. This inevitably results in a ‘tunnel vision’ approach that lacks the key business-driven success factors. It then evolves as a technical project and rarely delivers the business value it so desperately sought to achieve.
There has to be a plan – you can’t start a journey until you know where you are going. And the plan must include clarity around resources, predictable timescales and investment necessary to reach the end goal.
With this in mind we have created a set of services that assist senior executives, non-technical staff and technical staff in building deliverable data driven plans that everyone can contribute to and everyone understands.
Our proven methodology facilitates the process of defining objectives, quantifying the resources and assets available and determining the best way to achieve maximum business benefit with least cost and risk – all within defined time.