Conducting A Preparedness Assessment

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1 Conducting A Preparedness Assessment The Next Step In Considering A Big Data Initiative Company Logo Here Prepared For Names of Key Recipients June 1, Lodestar Advisory Partners All rights reserved.

2 Overview Of Lodestar s Big Data Preparedness Assessment Methodology 1. Identify goals, existing capabilities and critical gaps Business Priorities: What goals are you trying to achieve? Data: What kinds of data do you have, where is it stored, what technologies are used? o Data collection, access and integration: ETL/ELT, relational databases, analytical databases, data warehouse, OLAP Processes: How are you managing the data? Data governance, data quality, metadata management Tools: What tools do you need, what tools do you have? Analytical tools: forecasting, statistical analysis, optimization, natural language processing, sentiment analysis, etc. Outputs: What is the best way to present the data? Data visualizations: reports and dashboards 2. Recommend actions related to applications, systems and processes Include market study of Big Data enabling technologies 3. Develop a roadmap to create a [Company] Big Data architecture based on the diagram to the right 2013 Lodestar Advisory Partners All rights reserved. 2

3 Overview Of Lodestar s Big Data Preparedness Assessment Process 1. A Preparedness Assessment Kick-Off and Planning Meeting with a [Company] Big Data team. 2. Continued discussions with key stakeholders to isolate and refine business goals, expectations, and requirements around the Big Data initiative. 3. In-depth, on-site examinations of your data and technology platforms. 4. Interviews and roundtable discussions with appropriate [Company] associates to assess existing organizational capabilities staffing, expertise, governance around Big Data. 5. Assessment of Big Data market opportunities, desktop competitive intelligence around what other large accounting firms are doing in Big Data. 6. Initial development of a proposed go-to-market strategy for [Company] Big Data offerings e.g., brand positioning, market messaging, verbal and visual identity, pricing, etc. The Big Data Preparedness Assessment Deliverable 7. Presentation of Preparedness Assessment deliverables in a one-day working session with the [Company] Big Data team Lodestar Advisory Partners All rights reserved. 3

4 A Big Data Proof Of Concept As a part of the [Company] Big Data Preparedness Assessment, we would like to conduct a proof of concept test: i.e., a demonstration of the feasibility of modeling and visualizing a targeted set of your data in a single vertical into a commercially viable product. To do this, we will need two things: A data set in a single vertical (healthcare, banking, public sector?) Time to talk with interested partners to understand what productize-able insights they believe properly analyzed data might yield - and this will give us a working set of analytical hypotheses and potential analytical outputs to target. Based on your comments during our discussions, we will also emphasize the predictive aspects of the dataset studied, rather than just focusing on retrospective analyses. Scoping Prototyping Analyzing Visualizing Presentation to the Big Data Team Schematic of our Proof of Concept Process 2013 Lodestar Advisory Partners All rights reserved. 4

5 Preparedness Assessment Timeline & Budget Budget The exact scope of the Preparedness Assessment can be adjusted to meet your information requirements, timelines, and budget. We generally offer clients a choice of Standard, Deluxe, and Premier packages with varying levels of drill down into the elements discussed on pages 2-4. For budgeting and planning purposes, estimates are as follows: Standard: $30,000-$35,000 Gathering Business Requirements Assessment of Data, Processes, and Tools Preliminary Roadmap Duration: 6-8 weeks Deluxe: $40,000-$50,000 Standard package plus Proof of Concept demonstration Preliminary Go-to-Market Recommendations Business Process Improvement Recommendations Expanded Roadmap Duration: 8-10 weeks Premier: $60,000-$70,000 Deluxe package plus Expanded Go-to-Market Strategy Comprehensive Roadmap Tool Evaluation and Selection Criteria Duration weeks Timelines When it comes to assessing the potential of Big Data initiatives, most Lodestar clients have a bias toward immediate action and quick turnaround of results as opposed to a more protracted process. We have seen that the fastest path to monetization is realized through our Premier package Lodestar Advisory Partners All rights reserved. 5

6 6 For More Information Timothy L. Fortin, Ph.D. Partner and Information Management Practice Lead Lodestar Marketing Corporation 174 Nassau Street PMB 330 Princeton, NJ Lodestar Advisory Partners All rights reserved.

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