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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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#CGData@InspiredbyCG@Mgoodman10
INSPIRED TO HELP YOU SUCCEED
Overcoming Data Obstacles to Grow the Business
Michael Goodman Data & Analytics Practice Lead
September 16, 2014
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
The Evolution
Data “Then” to “Now”
We All Know
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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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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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Externally Driven
Doing More With More
Challenges
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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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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…”
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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Embracing
All You Have To Do…To Get Started
the Data Revolution
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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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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
CG
Next Steps
Recommendations
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• 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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#CGData@InspiredbyCG@Mgoodman10
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