Data strategy in a Big Data world

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Which comes first the chicken or the egg? Or better yet The Data Strategy or the Chief Data Officer? A guide to a data strategy in a Big Data world.

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Data strategy in a Big Data world

  1. 1. Data Strategy in a Big Data World Craig C. Milroy, Chief Data Architect
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  3. 3. Increased data centricity Why? - The Problem: When did Data become so complicated? 3
  4. 4. Why? - The Problem: Thank you for Cloud and Big Data Conversation… 4 Info. Lifecycle Management Data Security & Privacy Master Data Management Data Governance Database Management DB Data Integration Analytics & BI Metadata Management Reference Data Data Quality Data Services Big Info. Lifecycle Big Data Big Security & Big Master Data Big Data Big Database Big Data Big Analytics & BI Big Metadata Big Big Data Quality Big Data
  5. 5. Consumers LOB Why? - The Problem: When did Data become so complicated… CIF ODS CIF LOB LOB LOB MDM 5
  6. 6. 2008 2009 2010 2011 2012 2013 2014 #OPEN DATA #INTERNET OF THINGS #BIG DATA Why? - The Problem: And lets not forget about… 6 #CLOUD #SOCIAL #MOBILE
  7. 7. … Data Driven Business Objectives are not currently possible to achieve When - The Problem: How do you know you need a data strategy? 7 Customer Growth Growth Speed Customer Innovation Operational Risk Reduction Financial Efficiency Risk Exposure Regulatory Controls Responsiveness
  8. 8. Data market trends influence your business direction ? 0 10 20 30 40 50 60 70 80 90 100 Big Data Cloud Data Analytics Data Scientist Data growth trends within your organization is greater than Revenue and Profitability growth? 0 5 10 15 20 25 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Data Storage PB Profit When - The Problem: How do you know you need a data strategy? 8
  9. 9. … Strategy derived from perceived pain points When - The Problem: How do you know you need a data strategy? 9 Security & Privacy Info. Lifecycle Management Data Master Data Management Data Governance Database Management DB Data Integration Analytics & BI Metadata Management Reference Data Data Quality Data Services
  10. 10. …STATUS QUO …TECHNOLOGY CENTRIC APPROACH …PAPER BASED EXERCISE …ABOUT DATA PLATFORM CURRENCY What? – The Proposal: What a Data Strategy is Not… 10
  11. 11. …resolution of Data Ownership and Governance …achievement of Strategic Business Objectives …Key driver for CULTURAL and BEHAVIORAL change …Break down of Data Silos while Enabling SPEED, AGILITY & INNOVATION What is an asset? Project vs. Asset How to leverage untapped, undermanaged asset… What? – The Proposal: What a Data Strategy enables… 11
  12. 12. Financial Networks Analytics Enhanced Customer Insight Information Security Risk & Compliance Management Data Exploration Operational Analysis Data Strategy What? – The Proposal: With a Data Strategy these may be within reach… 12
  13. 13. The creation of an Enterprise DATA Strategy is HARD WORK. The Proposal: Mechanics for a Data Strategy Adoption… Enterprise Data Strategy Business Technology Line of Business Line of Business Line of Business Line of Business Enterprise Systems 13
  14. 14. Customer Growth Operational Regulatory Capabilities Architecture Culture/ Behavior Data Governance Data Data Quality Data Economics Data Centricity Data Ownership Analytics Privacy/Security/ Legal Technology Process Organization The How: Data Strategy on a Page… 14 Business Objectives
  15. 15. Data Collection & Verification Analysis & Opportunity Identification Planning & Discovery Define Scope Project Planning & Schedule Stakeholder/ Participants Business Framework Assessment Technology Framework Assessment Data Model Assessment Business/Technology Target State Actionable Transition Roadmap Change Management Organizational Change Cultural /Behavioral Change Technology Change Communications Business Value / Financial Model Alignment with Strategy Drivers Business Objectives Data Strategy … Focus on Long-Term; yet be pragmatic… How: Mechanics for a Data Strategy… 15
  16. 16. Business Capabilities Business Challenges Business Outcome Market Drivers Global Economy Local Economy Regulations Customers Technology Innovation Regulatory Compliance Focus on Risk Management Strengthen the Balance Sheet Increase Revenue Business Model Optimization Speed to Market Actively Manage Risk Customer Insights Customer Experience Innovative Product/Services Business Value / Financial Model Customer Growth Operational Regulatory … alignment to business objectives, value and capabilities is essential How: Mechanics for a Data Strategy… Business Objectives 16
  17. 17. … alignment to Technology objectives, value and capabilities is essential How: Mechanics for a Data Strategy… 17
  18. 18. Organization Party Party Asset Product Agreement Location Event … future state must guide technology investment How: Mechanics for a Data Strategy 18
  19. 19. … To ensure Technology support; a different view of the data strategy 19 How: Data Strategy Outputs Info. Lifecycle Management Data Data Integration Big Data Security and Privacy Master Data Management Database Management Data Governance Analytics & BI Organizational Data Model Technology Platform Enablement Strategic Business Assets DB Reference Data Metadata Management Data Services Data Strategy
  20. 20. … Data is required to make your case Long-Term Business Value Enablement 20 How: Business Case Customer Growth Operational Regulatory Data Points Data Quality Delivery Infrastructure Business Metrics/KPI’S PMO Business Objectives Governance Organization Technology Enablement Change Financial Outcomes Business Outcomes
  21. 21. Chief Information Officer VP Information Management Director Data Management Database Administrator Chief Data Officer Chief Analytics Officer Data Architect Data Scientist Chief Customer Officer Chief Marketing Officer Chief Risk Officer … a new Data Centric World is emerging…. Who: New Cast of Characters in the Data Space 21
  22. 22. … Enforced, centrally establish enterprise data governance, balanced with guidance…. Who: The new organization… 22 Data Policies Data Compliance Data Quality Data Strategy Open Data Enterprise Architecture Line of Business Data Monetization Data Steward Communities Data Strategy Data Governance Office of the Chief Data Officer Risk Data Finance Data Customer Data LOB Data Technology Delivery
  23. 23. … The effort is a journey 12 Months and Beyond 6 to 12 Months Initiation to 6 Months CDO Recruitment Develop Data strategy Data Governance Office of The CDO “Data Scientist” Enterprise Data Roadmap Data as a Business Asset Business Case Data Strategy Refresh Data Monetization Stakeholder Alignment … The Goal is enabling Data as a Strategic Business Asset 23 Data Transformation Journey
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  25. 25. Banking, Big Data, Business Analytics, Business Architecture, Business Capability, Business Intelligence, Business Leadership Business Process, Business Transformation, Chief Data Architect, Cloud, Customer Centricity, Customer Relationship Management , Data Architecture , Data Assessments, Data Exploration, Data Governance, Data Integration, Data Process Modeling, Data Quality, Data Strategy, Data Streams, Data Visualization, Data Warehouse, Design, Financial Services, Enterprise Architecture, FSLDM, Hadoop, Information Lifecycle Management, Investment, Master Data Management, Metadata Management, Mobile, Next Generation Data Platform, Open Data, Open Source, Reference Data Management, Roadmap, Risk Management, Startup, Technology Stack, Thought Leadership 25

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