Creating and managing a data office is not an easy task. The reasons for so many problems in streamlining a data strategy come from lack of data ownership, lack of a data roadmap and the data processes not clearly defined.
Using the Lean Principles that come from the Toyota Production System is one method that has been proved to be quite successful.
This session delivered for the Data Quality Pro Summit explores how it can be done.
Using Lean Principles to Manage the Data Value Chain
1. Using Lean Principles to Manage
the Data Value Chain
Mario Faria
Twitter: @mariofaria
Head and Chief Data Officer
CDO, Inc.
http://www.cdo-inc.com/
Track: Data Quality, Data Governance
Industry:
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2
About Mario Faria
• Mario was one of the first Chief Data Officers in the world
• Acting as a CDO for the last 5 years in North America, South America,
Europe and Asia
• Passion : Bring order to the chaos
• Leader of teams working in Analytics, Data Monetization, Data Quality,
Data Governance, Operations and Business Architecture
• Motto: “If you do not treat people, technology and data as economic
assets, they will become liabilities”
Mario Faria
Twitter: @mariofaria
Head and Chief Data Officer
CDO, Inc.
http://www.cdo-inc.com/
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9
The 3 Architectures a Company needs
to succeed
Business
Architecture
Technology
Architecture
Data
Architecture
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10
Data & Analytics Responsibilities
• Data Strategy
• Data Governance
• Data Quality
• Data Analytics
• Data Insights
• Data Architecture
• Data Acquisitions
• Data Operations
• Data Policies
• Data Security
• Data Protection
11. A
data
&
analyGcs
team
is
responsible
for
transforming
data
assets
into
compeGGve
insights,
that
will
drive
business
decisions
and
acGons,
using
people,
processes
and
technologies
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15
A data product allows an objective to
be achieved using data & analytics
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16
More and more, leaders are being hired to
think strategically about all the steps, from
getting raw data and making it useful to the
business users
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17
Chief
Data
Officer
(focused
on
data
management)
Chief
Digital
Officer
(focused
on
digital
transforma8on)
Chief
Analy8cs
Officer
(focused
on
decision
management
ini8a8ves)
The
ul8mate
leader
who
creates
and
executes
digital,
data
and
analy8cs
strategies
to
drive
business
value
Copyright:
Mario
Faria
2014
The
Chief
Data
/
AnalyGcs
/
Digital
Officer
roles
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18
A few lessons I have learned to
become a data and analytics expert
• Many problems with streamlining a data strategy
• Major concerns with data management
• How you can overcome the issues
• What I have learned from several data journeys
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21
A few problems in most organizations
• Data is fragmented and scattered
• Silos of information hanging around
• Like the truth, data has many versions
• The Data Lifecycle is a complex process
• Data projects being managed by IT
• A formal process to data management is
a requirement in order to do Analytics
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26
What is Data Quality ?
• Quality is a customer perception
• A few dimensions: freshness, coverage,
completeness, accuracy
• It is a never ending job
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31
Lean Goals
• Improve quality
• Eliminate waste
• Reduce lead time
• Reduce total costs
It is about how behaviors, processes and
actions can be changed for improving the
overall system
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35
• Specify the value desired by the customer
• Map the data value stream
• Reengineer your data processes to eliminate waste
• Introduce “pull”
• Strive for continuous improvement
Source : Meghann Wooster, Beyond Fire Drills: Applying Lean Principles to Information
Governance, http://www.cmswire.com/cms/information-management/beyond-fire-drills-applying-
lean-principles-to-information-governance-023705.php
Applying Lean Principles to Information
Governance
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36
• Data & Analysis are becoming products
• Quality is key to success
• Data explosion in volume, variety and
velocity
• The number and value of external data
sets are rising fast
• Focus your team efforts is crucial
• Leverage technology to implement a
distributed data value chain initiative
Why Building a Distributed Data Value
Chain is Critical
41. Without
proper
Data
Quality
principles,
it
is
impossible
to
achieve
the
goals
of
increasing
revenue,
reducing
costs
or
gaining
operaGonal
efficiency
in
the
business
areas
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42
Problems with Data Quality
• Business people don’t understand it and don’t have time
or patience
• IT people still have a technology mindset
• Data & Analytics people make it more complex than it is
56. “The Data Asset: How Smart Companies
Govern Their Data For Business Success” - by
Tony Fisher
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• A good CDO can implement a data organization
with success
• A great CDO has the ability to turn raw data into
new revenue streams for the business
• Components such as technology and
methodologies are important, but they are just
enablers
• The CDO focus is delivering enterprise value to the
business (not writing code or SQL scripts)
From good to great CDO
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How leaders can benefit from using Lean for
Data Quality programs
• Increase of productivity
• Increase throughput
• Improve of quality
• Reduce of cycle times
• Less fire-fighting
• Smooth operation
• Reduce costs
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59
Golden Rules to Success in Data Quality
• Find out the Why
• Strategic vision and a plan in place
• Strong Data Quality leader
• Secure investments and budget
• Always deliver results
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62
“Continuous improvement is not about the things you
do well — that’s work. Continuous improvement is
about removing the things that get in the way of your
work. The headaches, the things that slow you down,
that’s what continuous improvement is all about.”
Bruce Hamilton , lean thought leader