Data has quickly become one of the most valuable assets in any organization. But when it comes to strategically and effectively managing those data assets, many businesses find themselves playing catch-up. The stakes are high because ineffective data management practices can have serious consequences, from poor business decisions and missed revenue opportunities to critical cybersecurity risks.
Successful management and consistent delivery of data assets requires collaboration between the business and IT and the right balance of technology, process, and resourcing solutions.
Build an effective and collaborative data management practice
Data management is not one-size-fits-all. Cut through the noise around data management and create a roadmap that is right for your organization:
- Align data management plans with business requirements and strategic plans.
- Create a collaborative plan that unites IT and the business in managing data assets.
- Design a program that can scale and evolve over time.
- Perform data strategy planning and incorporate data capabilities into your broader plans.
- Identify gaps in current data services and the supporting environment and determine effective corrective actions.
This blueprint will help you design a data management practice that builds capabilities to support your organization’s current use of data and its vision for the future.
Member Testimonials
After each Info-Tech experience, we ask our members to quantify the real-time savings, monetary impact, and project improvements our research helped them achieve. See our top member experiences for this blueprint and what our clients have to say.
9.6/10
Overall Impact
$99,508
Average $ Saved
40
Average Days Saved
Client
Experience
Impact
$ Saved
Days Saved
Immigration and Refugee Board of Canada
Guided Implementation
10/10
$2,000
4
Agriculture & Agri-Food Canada
Guided Implementation
10/10
$5,000
10
Having reference material to build from that has all the research and analysis pre-done and vetted
Société des Mines d’ITY S.A.
Guided Implementation
9/10
$32,499
10
good approach
Chief Industries, Inc.
Guided Implementation
10/10
N/A
2
Rajesh helped us towards a decision.
Agriculture & Agri-Food Canada
Workshop
10/10
$95,000
47
Best part of the experience is being obtaining tangible steps, techniques and processes to work on in the next 2 years to mature our data managemen... Read More
Richter Management Ltd.
Guided Implementation
9/10
N/A
5
Our call was to prepare the workshop. She provided helpful tools. She setup the data survey etc. Easy speaking wit her. She provided answers to all... Read More
PRIDE Industries
Workshop
10/10
$64,999
120
Igor was extremely knowledgeable, disciplined and pleasant to work with and lead our workshop! The outcome and expectations of the workshop were f... Read More
Royal Canadian Mounted Police
Guided Implementation
8/10
$200K
100
TCU Financial Group
Workshop
10/10
$25,000
20
The workshop materials were well organized and easy to follow. The instructor was excellent. He is very knowledgeable and he did a great job in kee... Read More
Canadian Defence Academy
Guided Implementation
10/10
$6,000
10
The analyst provided excellent feedback on the points that I brought up to discuss. The suggested resolution matches the aspirations.
Cianbro Corporation
Guided Implementation
10/10
$12,599
10
Crystal is brilliant and a pleasure to work with. Her understanding of Data Management is excellent and she does a great job listening and present... Read More
Ansa McAl
Guided Implementation
10/10
$125K
100
Igor provided the team with a clear path for moving our Data Driven future state forward in a meaningful way.
Government of Northwest Territories - Ministry of Health
Guided Implementation
10/10
$600K
120
Best - (1) first to get us to the experience - Angela's understanding of what we are seeking and aligning the perfect analyst (Igor) for us; and (2... Read More
Saskatchewan Workers Compensation Board
Guided Implementation
8/10
$25,000
5
CIRCOR International
Workshop
10/10
$619K
16
The interaction Jean facilitated was outstanding and very valuable.
Reiter Affiliated Companies
Workshop
10/10
$61,999
10
All out C level executives were very much involved and stayed and saw the great value of this workshop. And Reddy D did a great job of delivering t... Read More
Archtexx Consulting GmbH
Guided Implementation
9/10
N/A
120
Clyde & Co LLP
Guided Implementation
10/10
$76,499
20
Caerus Operating LLC
Workshop
9/10
$34,099
5
Our workshop was very insightful and has generated a lot of good conversation and collaboration between the teams that participated
ROLTA AdvizeX
Workshop
10/10
$30,999
20
Get exercise in understanding data management.
Cloud and Things Inc
Guided Implementation
9/10
$2,458
N/A
We just started getting bit deeper in to it and trying to relate to our projects, so it is too early to judge anything. That is the reason first re... Read More
Town of Apex
Workshop
9/10
$4,959
3
best part was use case scenarios - unanimous vote to get people to talk and participate with real issues worst part per majority of users was the ... Read More
Parsons Inc.
Workshop
8/10
$10,000
5
There were pro's & con's to the workshop being conducted virtually. There were some challenges with participation at certain points over the 4 day... Read More
Real Estate Council of Ontario 1
Workshop
7/10
$100K
10
Kentucky COT (Commonwealth Office of Technology)
Workshop
8/10
$61,999
55
Well experienced staff and matured methodology used but deliverables may need some work. An executive summary slide deck with a detailed PDF/DOC re... Read More
Gateway Technical College
Workshop
10/10
$371K
44
The best part of my experience during this workshop is being able to work with experienced, knowledgeable, and engaging SMEs! Both Reddy and Scott ... Read More
Ucla Anderson School of Management
Workshop
10/10
$123K
60
Enjoyed the workshop overall and Reddy was great. There's a lot of information to digest in 4 days and the virtual component made this even more ex... Read More
LGM Financial Services
Workshop
10/10
$47,500
10
Sunflower Bank
Workshop
10/10
N/A
90
Auckland Transport
Guided Implementation
7/10
$30,750
10
Workshop: Create a Data Management Roadmap
Workshops offer an easy way to accelerate your project. If you are unable to do the project yourself, and a Guided Implementation isn't enough, we offer low-cost delivery of our project workshops. We take you through every phase of your project and ensure that you have a roadmap in place to complete your project successfully.
Module 1: Develop Data Strategies
The Purpose
- Understand the business’s vision for data and the role of the data management practice.
- Determine business requirements for data.
- Map business goals and strategic plans to create data strategies.
Key Benefits Achieved
- Understanding of business’s vision for data
- Unified vision for data management (business and IT)
- Identification of the business’s data strategies
Activities
Outputs
Establish business context for data management.
- Practice vision
Develop data management principles and scope.
- Data management guiding principles
Develop conceptual data model (subject areas).
- High-level data requirements
Discuss strategic information needs for each subject area.
Develop data strategies.
- Data strategies for key data assets
Identify data management strategies and enablers.
Module 2: Assess Data Management Capabilities
The Purpose
- Determine the current and target states of your data management practice.
Key Benefits Achieved
- Clear understanding of current environment
Activities
Outputs
Determine the role and scope of data management within the organization.
- Data management scope
Assess current data management capabilities.
- Data management capability assessment results
Set target data management capabilities.
Identify performance gaps.
Module 3: Analyze Gaps and Develop Improvement Initiatives
The Purpose
- Identify how to bridge the gaps between the organization’s current and target environments.
Key Benefits Achieved
- Creation of key strategic plans for data management
Activities
Outputs
Evaluate performance gaps.
- Data management improvement initiatives
Identify improvement initiatives.
Create preliminary improvement plans.
Module 4: Design Roadmap and Plan Implementation
The Purpose
- Create a realistic and action-oriented plan for implementing and improving the capabilities for data management.
Key Benefits Achieved
- Completion of a Data Management Roadmap
- Plan for how to implement the roadmap’s initiatives
Activities
Outputs
Align data management initiatives to data strategies and business drivers.
- Data management roadmap
Identify dependencies and priorities
- Action plan
Build a data management roadmap (short and long term)
Create a communication plan
- Communication plan
Create a Data Management Roadmap
Ensure the right capabilities to support your data strategy.
Contents
Executive Brief |
Analyst Perspective |
Executive Summary |
Phase 1: Build Business and User Context |
Phase 2: Assess Data Management and Build Your Roadmap |
Additional Support |
Related Research |
Bibliography |
Create a Data Management Roadmap
Ensure the right capabilities to support your data strategy.
EXECUTIVE BRIEF
Analyst Perspective
Establish a data management program to realize the data strategy vision and data-driven organization.
Data is one of the most valuable organizational assets, and data management is the foundation – made up of plans, programs, and practices – that delivers, secures, and enhances the value of those assets.
Digital transformation in how we do business and innovations like artificial intelligence and automation that deliver exciting experiences for our customers are all powered by readily available, trusted data. And there’s so much more of it.
A data management roadmap designed for where you are in your business journey and what’s important to you provides tangible answers to “Where do we start?” and “What do we do?”
This blueprint helps you build and enhance data management capabilities as well as identify the next steps for evaluating, strengthening, harmonizing, and optimizing these capabilities, aligned precisely with business objectives and data strategy.
Andrea Malick
Director, Research & Advisory, Data & Analytics Practice Info-Tech Research Group |
Frame the problem
Who this research is for
|
This research will help you
|
This research will also assist
|
This research will also help you
|
Executive Summary
Your Challenge
|
Common Obstacles
|
Info-Tech’s Approach
|
Info-Tech Insight
Use value streams and business capabilities to develop a prioritized and practical data management plan that provides the highest business satisfaction in the shortest time.
Data Management Capabilities
Data is a business asset and needs to be treated like one
Data management is an enabler of the business and therefore needs to be driven by business goals and objectives. For data to be a strategic asset of the business, the business and IT processes that support its delivery and management must be mature and clearly executed.
Business Drivers
|
Data Management Enablers
|
Industry spotlight: Risk management in the financial services sector
REGULATORY COMPLIANCE Regulations are the #1 driver for risk management. |
US$11M:Fine incurred by a well-known Wall Street firm after using inaccurate data to execute short sales orders. |
“To successfully leverage customer data while maintaining compliance and transparency, the financial sector must adapt its current data management strategies to meet the needs of an ever-evolving digital landscape.” (Phoebe Fasulo, Security Scorecard, 2021) |
Industry spotlight: Operational excellence in the public sector
GOVERNMENT TRANSPARENCY With frequent government scandals and corruption dominating the news, transparency to the public is quickly becoming a widely adopted practice at every level of government. Open government is the guiding principle that the public has access to the documents and proceedings of government to allow for effective public oversight. With growing regulations and pressure from the public, governments must adopt a comprehensive data management strategy to ensure they remain accountable to their rate payers, residents, businesses, and other constituents. |
|
Industry spotlight: Operational excellence and client intimacy in major league sports
SPORTS ANALYTICS A professional sports team is essentially a business that is looking for wins to maximize revenue. While they hope for a successful post-season, they also need strong quarterly results, just like you. Sports teams are renowned for adopting data-driven decision making across their organizations to do everything from improving player performance to optimizing tickets sales. At the end of the day, to enable analytics you must have top-notch information management. |
Team Performance Benefits
|
Industry leaders cite data, and the insights they glean from it, as their means of standing apart from their competitors. |
Industry spotlight: Operational excellence and service delivery within manufacturing and supply chain services
SUPPLY CHAIN EFFICIENCY Data offers key insights and opportunities when it comes to supply chain management. The supply chain is where the business strategy gets converted to operational service delivery of the business. Proper data management enables business processes to become more efficient, productive, and profitable through the greater availability of quality data and analysis. Fifty-seven percent of companies believe that supply chain management gives them a competitive advantage that enables them to further develop their business (FinancesOnline, 2021). |
Involving Data in Your Supply Chain
|
Industry spotlight: Intelligent product innovation and strong product portfolios differentiate consumer retailers and CPGs
INFORMED PRODUCT DEVELOPMENT |
Consumer shopping habits and preferences are notoriously variable, making it a challenge to develop a well-received product. Information and insights into consumer trends, shopping preferences, and market analysis support the probability of a successful outcome. |
Maintaining a Product Portfolio
|
Internal Data
|
Changes in business and technology are changing how organizations use and manage data
The world moves a lot faster today
Businesses of today operate in real time. To maintain a competitive edge, businesses must identify and respond quickly to opportunities and events. To effectively do this businesses must have accurate and up-to-date data at their fingertips. To support the new demands around data consumption, data velocity (pace in which data is captured, organized, and analyzed) must also accelerate. Data Management Implications
|
Studies and projections show a clear case of how data and its usage will grow and evolve.
|
To differentiate and remain competitive in today’s marketplace, organizations are becoming more data-driven
Analytic Competitor“Given the unforgiving competitive landscape, organizations have to transform now, and correctly. Winning requires an outcome-focused analytics strategy.” (Ramya Srinivasan, Forbes, 2021) |
|
Data and the use of data analytics has become a centerpiece to effective modern business. Top-performing organizations across a variety of industries have been cited as using analytics five times more than lower performers (MIT Sloan). |
The strategic value of data
Power intelligent and transformative organizational performance through leveraging data.
Respond to industry disruptors |
Optimize the way you serve your stakeholders and customers |
Develop products and services to meet ever-evolving needs |
Manage operations and mitigate risk |
Despite investments in data initiatives, organizations are carrying high levels of data debt
Data debt is the accumulated cost that is associated with the suboptimal governance of data assets in an enterprise, like technical debt.
Data debt is a problem for 78% of organizations. | |||
40%of organizations say individuals within the business do not trust data insights. |
66%of organizations say a backlog of data debt is impacting new data management initiatives. |
33%of organizations are not able to get value from a new system or technology investment. |
30%of organizations are unable to become data-driven. |
(Source: Experian, 2020)
The journey to being data-drivenThe journey to becoming a data-driven organization requires a pit stop at data enablement. |
The Data Economy
|
Measure success to demonstrate tangible business valuePut data management into the context of the business:
|
Don’t let measurement be an afterthought:Start substantiating early on how you are going to measure success as your data management program evolves. |