Transform Legacy Enterprise into Data-Driven Digital Business
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Businesses have realized that data are key differentiators and those that understand how to ingest, store, transform and analyze data can make better predictive and prescriptive decisions which in turn affect your business outcomes. Hence It is essential to predict, prevent and prepare than to restrict, repent and repair! I will go over levels of maturity in this journey and share some practices that will help you carve out a successful data strategy for your enterprise. More in-depth content will be shared on May 14th 2016 at Big Data Bootcamp Dallas( http://globalbigdataconference.com/64/dallas/big-data-bootcamp/schedule.html ) when we will have more time to delve on this topic.
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Transform Legacy Enterprise into Data-Driven Digital Business
- 1. @akuntamukkala Transform Legacy Enterprise to Data Driven Business
- 2. Transform Legacy Enterprise to Data Driven Business By Ashwini Kuntamukkala Enterprise Architect, Vizient, Inc Twitter: @akuntamukkala PEOPLE -- PROCESS -- TECHNOLOGY
- 3. 6 Aspects of Successful Data Driven Enterprise Business People Information Culture Technology Execution @akuntamukkala Transform Legacy Enterprise to Data Driven Business Left to themselves, things tend to go from bad to worse
- 4. Business is like hockey I skate to where puck is going to be, not where it has been Wayne Gretzky @akuntamukkala Transform Legacy Enterprise to Data Driven Business
- 5. @akuntamukkala Transform Legacy Enterprise to Data Driven Business Data is the new soilData is the new soil
- 6. Have you ever wondered… Hindsight is 20/20. If only we’d known, we’d have made better decisions. @akuntamukkala Transform Legacy Enterprise to Data Driven Business It seems to take forever to get anything done in the company. We seem to only make decisions by gut feeling of the highest paid person.
- 7. We do things this way because we have always done them this way @akuntamukkala Transform Legacy Enterprise to Data Driven Business We are working hard but we aren’t moving the needle in the business Illusion of safety is comforting than perception of uncertainty Have you ever wondered…
- 8. Have you ever wondered… We have lot of meetings but don’t seem to make decisions @akuntamukkala Transform Legacy Enterprise to Data Driven Business We didn’t succeed because they didn’t … Are we getting in our own way due to our own processes if any? Oh! Not again. We dropped the ball on that?
- 9. Have you ever wondered… Change to systems takes forever and very expensive @akuntamukkala Transform Legacy Enterprise to Data Driven Business This being data driven is such a hype… The only thing we agree upon is to disagree We claim to be agile but we are anything but
- 10. Are we data driven because… We use Hadoop! We have data lakes We use BI tools to create reports and dashboards We have alerts We hired data scientists We have APIs @akuntamukkala Transform Legacy Enterprise to Data Driven Business
- 11. @akuntamukkala Transform Legacy Enterprise to Data Driven Business Business Vision + Clarity Why does your company exist? Do you know what business you are in? Disrupt or be disrupted
- 12. @akuntamukkala Transform Legacy Enterprise to Data Driven Business Business Aspiration#1 Customer Delight #2 Compete on Value (Quality, Service & Cost) #3 No Margin, No Mission #4 High Tech, High Touch #5 Become an Indispensible Partner
- 13. @akuntamukkala Transform Legacy Enterprise to Data Driven Business Business Prioritize Track, measure, drive, share leading business indicators Simplify complexity and process workflow Prioritize & Perform high value tasks Measured -> improved, scheduled -> done, attention -> focus
- 14. Proactive Collaborative Inquisitive Share Findings @akuntamukkala Transform Legacy Enterprise to Data Driven Business Culture Predict, Prepare, Prevent than Restrict, Repair and Repent
- 15. Empower employees Hypothesizing & Experimentation Fail Early, Fail Fast, Fail Often Celebrate failures @akuntamukkala Transform Legacy Enterprise to Data Driven Business Culture It is amazing what you can accomplish, if you don’t care who gets the credit – Harry Truman
- 16. Reward Risk Bolder & Creative Thinking Promote Agility Solicit product & service ideas @akuntamukkala Transform Legacy Enterprise to Data Driven Business Culture Tap, Tend, Tidy, Tool, Test, Tact, Tell, Take
- 17. @ Right People @ Right Job @ Right Environment Produce #Super Awesome Results Building the right team precedes building a great product @akuntamukkala Transform Legacy Enterprise to Data Driven Business People Team
- 18. Strong Data Leadership Executive Sponsorship Engagement Model Center of Excellence Embedded Specialists Hybrid Model People are your assets not merely the data @akuntamukkala Transform Legacy Enterprise to Data Driven Business People Organization
- 19. Business Process Experts Subject Matter Experts Data Architect Data Engineers Programmers Data Wranglers Data Analysts Data Literacy Advocates Statisticians Data Visualization Specialist Data Journalists – Story telling Data Scientist – Mostly rolled into one @akuntamukkala Transform Legacy Enterprise to Data Driven Business People Skills
- 20. @akuntamukkala Transform Legacy Enterprise to Data Driven Business People Mindset “You can take someone to library but you can’t teach curiosity” “Educators take something simple and make it complicated” “Communicators take something complicated and make it simple” - John C Maxwell
- 21. If data is the new electricity that powers your business, do you have “resistors” that impede or “conductors” that promote data flow @akuntamukkala Transform Legacy Enterprise to Data Driven Business Information You can have data without information. Information without data is called an opinion
- 22. Essential Focus Areas Ingestion Integrity Dictionary Provenance Democratize Access Governance Training @akuntamukkala Transform Legacy Enterprise to Data Driven Business Information What if we invest in training our employees and they leave? What if we don’t train them and they stay?
- 23. Buy, Build or Lease Decision Be careful of hype Evaluate what applies to business Data Lake > Data Swamp Data Virtualization Data Processing @ Scale Technology is a great servant but terrible master @akuntamukkala Transform Legacy Enterprise to Data Driven Business Technology Investments
- 24. Automate automate automate Simplify mundane repetitive tasks Target Cost and Operational Efficiencies @ Scale Men have become tools of their tools – Henry D Thoreau @akuntamukkala Transform Legacy Enterprise to Data Driven Business Technology Automate
- 25. Automate analytics production Enable pervasive analytics consumption Provision Tools for Self-Service BI The best place to find help is at the end of your own arm – Swedish Proverb @akuntamukkala Transform Legacy Enterprise to Data Driven Business Technology Analytics
- 26. Strategy without execution Or Execution without strategy = FAILURE @akuntamukkala Transform Legacy Enterprise to Data Driven Business Execution
- 27. Executive Buy-In Desired Business Outcome Start Small Supplemental not replacement Internal + Augmented Staff Integrate Non sensitive Information Cloud first, On-Premise later Reduced Governance & Hardening Early Feedback @akuntamukkala Transform Legacy Enterprise to Data Driven Business Approach Journey of 1000 miles begins with a single step
- 28. @akuntamukkala Transform Legacy Enterprise to Data Driven Business Analytics Journey 1 • Retrospective • What happened? 2 • Descriptive • What’s happening? 3 • Investigative • Why did/is it happening? 4 • Predictive • What may happen (per current actions)? 5 • Prescriptive • What needs to be done for desired outcome? 6 • Pervasive • What needs to be done to make this process widely adopted? 7 • Repetitive • What needs to be done to make this automated ?
- 29. Finish the race @akuntamukkala Transform Legacy Enterprise to Data Driven Business Execution
- 30. @akuntamukkala Transform Legacy Enterprise to Data Driven Business Books
Notes de l'éditeur
- Verne Harnish “Growth Guy” Verne Harnish is founder of the Entrepreneurs‘ Organization (EO) and is well-known as the “Growth Guy”. He is also founder and CEO of Gazelles, Inc. This sample presentation is for entrepreneurs and executives of companies, aimed at helping them better manage the chaos that comes with growing a business. The Gazelles presentations are clear and concise; simple, yet bold – it is the style embraced by growth firms. My PowerPoint style is not a lot of words on a slide – just key concepts. I like to use the black background, because it provides a lot of contrast and will let the words come out more intensively. My presentation style is to stand in front of the audience without a podium and share lots of stories of actual growth companies, like those represented in my audience, applying and having success with our tools and techniques. Audiences tend to not remember facts, but they’ll remember the stories. More specifically, I’ll share a key point (highlighted in the PowerPoint), tell a story, then review how the story relates back to the key point. Then I’ll ask the audience to take a few minutes and apply the key point to their own company. Note: You understand that Microsoft does not endorse or control the content provided in the following presentation. Slide Notes: Color coding used to delineate key points and align with key elements of my company. In this case, the yellow bar to the left is one of the two key colors of our logo. You’ll find custom layouts with a few color options, such as those on subsequent slides, on the Home tab under Slides. To change the color of objects on any slide layout, switch to Slide Master view. On the Themes tab, under Master Views, click Edit Master, and then click Slide Master. Black on black background – embed an image of your own logo (the double swish you see is similar to the one from our old Gazelles logo) To replace the ‘Your Logo’ placeholder with your own logo, switch to Slide Master view. On the Themes tab, under Master Views, click Edit Master, and then click Slide Master. When you replace the placeholder image with your logo on the slide master, it will appear on all slides.
- Give examples of companies that have successfully transformed themselves…
- Going into detail Each key point is anchored with a question. I find posing a question to the audience relative to each key point engages them to proactively think and apply the ideas to their own situation vs. just listen to what I have to say. Slide Notes: Place the title of the first key point where it says “People” and also in the box in the upper right. This may seem redundant, but the repetition is important. The “subline” in the upper right hand box is for a one or two word anchor to the first key point. In my case, the subline for “People” is “Happiness” – it’s the people you surround yourself with in business who impact your happiness. I’ll then carry the “box” in the upper right hand corner, color-coded to that section, to additional content slides in that section.