Guiding Principles
Following are some themes that come from our experiences and success that relate to your situation.
The Vision / Roadmap
Make sure the Vision is attainable in the next 5 years. Embrace the idea of change / flexibility
The Roadmap should be “actionable” and coincide with business maturity and priority
Involve key stakeholders and make sure they are vested in the success
Identify expected areas of benefit. Consider priority driven “deep dives” or “quick hits”
The Execution Process
Take an iterative approach (Agile)
Focus on change management and user adoption
Quantify and track the value achieved to justify further investments Adopt a “90 days” approach. Market your success.
Create leverage/economies of scale through standards, best practices, and procedures etc.
The Data
Data is infinitely more valuable when it is integrated and “clean”. Have a quality team and program.
Clear governance model to involve business and IT. Strong partnership here.
Make sure you have the basics in place before going too far (e.g. Master Data Management – MDM)
Decipher what is noise and what is important
Focus on a design that facilitates optimal performance
The Analytics
Put tracking mechanisms in place early on so you have a benchmark and can drive behavior
Individualize the experience for users and make consumption of information as intuitive as possible as you actively work to drive users up the maturity curve
Build applications that are low maintenance and easily upgradable
Work to harmonize existing investments.
What is a POV Workshop?
Our proof of value (POV) program is an independent review of our customers’ Information & Analytics process
- Establishing a baseline of their current process
- Identifying critical interaction points and improvements necessary to reduce support costs
- Maximize information access and improve decision making
ForQuest has extensive analytics and information management business process & technical knowledge and can bring the appropriate individuals, analysis, and solutions to dramatically improve information access and delivery for our customers.
- Our program is designed to provide our customers with a view into our RAPID methodologies and processes for taking a company from disparate data management and reporting to an organized structured governance and delivery model to support any and all of your critical business and IT projects and requirements.
What Industry Facts Support our POV Workshop
Industry experts explain that between 60-65% of all analytics and data projects and programs fail to deliver on the requirements of their specific needs. The leading reasons why these failures occur are:
- Lack of business involvement for proper defined project requirements
- Long delivery cycles
- Poor data quality
- Targeted goals
- Critical factors to help our clients understand value with technology, this results in measurable value.
- Our recommendations (strategic approach) will be proposed immediately following the POV Workshop
- BLUEPRINT model for delivery and implementation, best practices for go-forward strategy, and project plan to implement the POV Workshop focus points for production ready purposes.