The way in which organizations manage, use and leverage data has become a key differentiator between an average enterprise and a high-performing business, making it critical for any organization to embrace a data-driven approach to its activities. Our experience teaches us that organizations, able to do so, grow faster than traditional ones. This perception has led to considerable investments, by almost every organization in any industry, towards improving their data, analytics and Artificial Intelligence (AI) capabilities, with the ultimate goals of looking for and finding a way to drive value based on data.
Becoming more data-driven is a mindset rather than a toolkit.
Challenges
Becoming data-driven does not happen overnight
Over the last years, organizations have invested significantly in the fundamentals of becoming a data-driven organization, with particular attention on: the technical data foundations, building an ecosystem of partners, initiating first analytics and AI experiments and creating awareness internally of the importance of data. Despite these investments, a lot of organizations are not fully realizing the potential of data. Becoming truly data-driven, and generating long-term value from data requires more than building a data platform, hiring data scientists or investing in technology and software.
And often requires a data organization (re)design and operating model
It became clear that the related transformation is a long and complex journey that requires attention and investment at different levels. Becoming a data-driven organization by design also requires changes in your organizational structure and related data-operating model. It includes starting from a common set of guiding principles, which are aligned with your strategic business priorities. It calls for establishing governance organs that allow for effective steer and governance of your data organization and initiatives. It involves designing effective structures to manage, use and leverage your data, supported by pragmatic processes, clear roles and responsibilities and a fit for purpose service model. It means building a data culture and investing in awareness and training, since, above all, data-driven is a mindset and not a toolkit.
How can we help
So, what are you waiting for?
Now, more than ever, is time to transform your organization design and related data-operating model and start leveraging your data-driven organization.
Our KPMG BE Lighthouse team of data professionals is powered by an international network of data specialists and strategic relationships across the emerging technology landscape. Working shoulder to shoulder with clients, we believe in co-creating pragmatic solutions that generate tangible value.
We would love to help you transform your organization, making it more data-driven. The KPMG BE Lighthouse team will be there to guide you along every step in this challenging and important journey.
