A data warehouse without a data strategy is like a CRM without a sales plan
For 90% of businesses, data and analytics are critical to digital transformation (Gartner).
But for many, the internal data initiatives stop at a data warehouse
A data warehouse is not a data strategy.
If your dashboards and reports are disconnected from your company’s
mission and vision,you can’t make the right data-driven decisions.
You’re likely drowning in too much data,too many systems and tools,
and too many decisions on what to do with your current data
And every data decision you make? It’s reactive.
It’s time to get proactive with your data.
of businesses struggle with data management challenges -Veritas
of Big Data and AI executives report that they haven’t yet built a data culture – NewVantage Partners
of the top 5 data management challenges for businesses include: too many sources, too many data tools, and a lack of a data strategy – Veritas
The right data strategy can help your business achieve overall business goals. It can help you make truly informed data decisions, be proactive with your data insights, and focus data efforts on monetization and customer acquisition.
Businesses with an effective data strategy see incredible results
Data-driven organizations are:
more likely to acquire customers
more likely to be profitable
more likely to retain customers
more successful (improvements in EBITDA)
The Anatomy of an Effective Data Strategy
People > Process > Culture > Technology
Your data strategy should include more than a data lake or data warehouse. An effective data strategy considers people, processes, culture, and technology. If you only worry about the technology, you’re not data driven
Who should create and drive your data strategy?
Because 92% of businesses struggle with data management challenges (Veritas), many turn to a new, dedicated executive resource to build and implement an effective data strategy—a Chief Data Officer.
But hiring a CDO can be costly. On average, the tenure for a full-time CDO is less than two and a half years (Harvard Business Review) and the position is premature for many organizations that need to allocate budget to actually implement a data strategy.
And recently, more and more companies are favoring outside change agents in the CDO/CDAO role, turning away from insider veterans—only 16% of companies report hiring internal CDOs. (NewVantage Partners)
Get a Killer Data Strategy with a Fractional CDO
Now, you can get the Chief Data Officer strategy-without hiring a full-time CDO
How a fractional CDO can help your business:
1. GET STRATEGIC GUIDANCE FOR YOUR EXECUTIVE TEAM
Make data-driven decisions based on a data strategy that’s anchored to your organization’s larger mission and vision.
2. GET A PERSONALIZED PLAN, WITH THE RIGHT SUPPORT
Wherever you are on your data journey, you’ll need a custom data roadmap, built just for your business. And with a fractional CDO, you get personalized support, too.
3. GET IMPLEMENTATION HELP BEYOND A STRATEGY DISCUSSION
Spend your budget on implementing your data strategy, not just getting a plan. With a fractional CDO, you can allocate more to resources adopting the data strategy.
Fractional CDO: A full- time data strategy at a part-time cost
Just as fractional CFOs offer executive-level support to growing businesses, a fractional CDO can implement a data strategy that will help you increase revenue, decrease business costs, and reduce data- driven risks.
Align BI – Your Fractional CDO Firm
Get a customized data strategy with Align BI’s proprietary data strategy framework, proven over 15 years. We’ll help you connect your data strategy to your business mission and vision, build a personalized data roadmap, and implement data best practices across all 10 pillars of our data strategy framework.
With Align BI, you can
Play data offense and defense with a new data strategy
Use your data to improve customer acquisition and retention
Identify New Revenue
Find ways to monetize your data.