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#CGData @InspiredbyCG @Mgoodman10 INSPIRED TO HELP YOU SUCCEED Overcoming Data Obstacles to Grow the Business Michael Goodman Data & Analytics Practice Lead September 16, 2014

How to Overcome Data Obstacles to Grow the Business

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CG Data & Analytics Practice Lead, Michael Goodman, shares his perspective on overcoming data obstacles to grow the business. This presentation was given as a part of a webinar on September 16th, sponsored by Bank Systems & Technology and Informatica.

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Page 1: How to Overcome Data Obstacles to Grow the Business

#CGData@InspiredbyCG@Mgoodman10

INSPIRED TO HELP YOU SUCCEED

Overcoming Data Obstacles to Grow the Business

Michael Goodman Data & Analytics Practice Lead

September 16, 2014

Page 2: How to Overcome Data Obstacles to Grow the Business

INSPIRED TO HELP YOU SUCCEED 2© 2014 Carlisle & Gallagher Consulting Group.  Proprietary and Confidential.

“The” ObstacleReducing the problem to one word makes it seem overwhelming and unsolvable.

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We don’t trust our reports We can’t cross-sell Our data isn’t good

We have too many complaints Regulators are concerned

Our forecasts are accurateWe know our customers

Our regulators are happy We capture every opportunity

Data

Page 3: How to Overcome Data Obstacles to Grow the Business

The Evolution

Data “Then” to “Now”

We All Know

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Page 4: How to Overcome Data Obstacles to Grow the Business

DataMainframe

INSPIRED TO HELP YOU SUCCEED 4© 2014 Carlisle & Gallagher Consulting Group.  Proprietary and Confidential.

“Then”Before the technology revolution, customers didn’t interact with data, companies had their own architecture.

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Page 5: How to Overcome Data Obstacles to Grow the Business

INSPIRED TO HELP YOU SUCCEED 5© 2014 Carlisle & Gallagher Consulting Group.  Proprietary and Confidential.

“Now”The brick wall is gone, and replaced with a more complex environment.

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Page 6: How to Overcome Data Obstacles to Grow the Business

Externally Driven

Doing More With More

Challenges

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Page 7: How to Overcome Data Obstacles to Grow the Business

INSPIRED TO HELP YOU SUCCEED 7© 2014 Carlisle & Gallagher Consulting Group.  Proprietary and Confidential.

Customers & PartnersWe now live in a connected world and often struggle to keep up.

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Page 8: How to Overcome Data Obstacles to Grow the Business

INSPIRED TO HELP YOU SUCCEED 8© 2014 Carlisle & Gallagher Consulting Group.  Proprietary and Confidential.

ExpectationsAll stakeholders have higher expectations and their objectives are not always aligned.

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Customers Regulators Investors Partners

“We want more…”

Page 9: How to Overcome Data Obstacles to Grow the Business

Legacy Infrastructure

& Systems

+100 More Quality Attributes

Volume

VelocityVariety

Consistent

Accurate

Complete

INSPIRED TO HELP YOU SUCCEED 9© 2014 Carlisle & Gallagher Consulting Group.  Proprietary and Confidential.

ObstaclesAll you have to do is get your data in order and your problems will be solved.

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Page 10: How to Overcome Data Obstacles to Grow the Business

Embracing

All You Have To Do…To Get Started

the Data Revolution

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Page 11: How to Overcome Data Obstacles to Grow the Business

Lots of Data

Managed Data

Governed Data

Leveraged Data

Data Asset Ecosystem

Descriptive Analytics

Diagnostic Analytics

Predictive Analytics

Prescriptive Analytics

Reduced “Pain”

Enhanced Insight

Improved Control

Improved Agility

Disruptive Capability

INSPIRED TO HELP YOU SUCCEED 11© 2014 Carlisle & Gallagher Consulting Group.  Proprietary and Confidential.

A First StepBreaking down the problem helps avoid the need to boil the ocean.

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Page 12: How to Overcome Data Obstacles to Grow the Business

Lots of Data

INSPIRED TO HELP YOU SUCCEED 12© 2014 Carlisle & Gallagher Consulting Group.  Proprietary and Confidential.

Managing the DataBringing data under management is a three-part effort.

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Address the Data Issues

Business Benefits Enhanced Analytics

Improved Stakeholder ExperienceLeveraged Opportunities

Address the Infrastructure Issues

Design the Target State

Page 13: How to Overcome Data Obstacles to Grow the Business

CG

Next Steps

Recommendations

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Page 14: How to Overcome Data Obstacles to Grow the Business

• Assess your current environment – Understand the issues.

• Think about the whole, but segment the problem – divide and prioritize the issues into manageable phases that will deliver incremental benefits.

• Assess your resources – human, technical & financial.

• Assess your strategy – Establish a long term strategy. Don’t sacrifice short-term gains for long-term goals.

• If you’ve done all of the above, you are ready to mobilize and launch.

INSPIRED TO HELP YOU SUCCEED 14© 2014 Carlisle & Gallagher Consulting Group.  Proprietary and Confidential.

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Page 15: How to Overcome Data Obstacles to Grow the Business

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INSPIRED TO HELP YOU SUCCEED 15© 2014 Carlisle & Gallagher Consulting Group.  Proprietary and Confidential.

Carlisle & Gallagher Consulting GroupMichael GoodmanData & Analytics Practice [email protected]

212 South Tryon StreetSuite 800Charlotte, NC 28281704.936.1600