A study of NTT has showed that a lot of digital transformation projects do not succeed because all responsibility is put with the IT team, creating a gap between them and the other teams of the company.
You'll need a data culture to succeed
This is a trend we also have noticed with companies that want to become data-driven, they hire a data scientist or order their IT team to set up the necessary things to make the company data-driven and 'Bob's your uncle'. However, in a true data-driven company everyone carries responsibility and adds value to the data pipeline, and more specifically the C-suite needs to facilitate this.
Also, the primary focus should be on how data could help people to create value for the company, achieve objectives, etc. and not on the technology part. A good data strategy and culture supported by the full company and a destruction of the silos when it comes to data are an absolute must-have to succeed in becoming a data-driven company.
How to get started?
Good news, it only takes ten steps:
- Write out your data strategy with your leadership and stakeholders, and get their full support.
- Map out your current data and processes.
- Define which data and processes are needed to meet the targets tomorrow.
- Write out an implementation plan with solutions to dig the gap between what you have today and what you would like to reach.
- Set KPI's you want to measure before and after the implementation of the solutions.
- Get the necessary resources (budget, time, people, etc.) from your leadership to get started.
- Let your C-Suite and the team managers promote this implementation plan and why it is important for the people and the company.
- Start on the implementation step by step, don't change everything at once.
- Keep track of your KPI's, and iterate if the implementation plan needs to be adjusted.
- Continue doing the previous steps.
Congratulations you're now a truly data-driven company.
Keep an eye on our blog as we will dig further into each of these steps coming weeks.