Managing Data as a Strategic Asset: How is that Accomplished? Tuesday, April 28, 2015



Similar documents
Managing Data as a Strategic Asset: Reality and Rewards

EIM Strategy & Data Governance

The Role of the BI Competency Center in Maximizing Organizational Performance

Business Intelligence for the Chief Data Officer

Applied Business Intelligence. Iakovos Motakis, Ph.D. Director, DW & Decision Support Systems Intrasoft SA

Peter Aiken. Measuring Data Management Practice Maturity

US Department of Education Federal Student Aid Integration Leadership Support Contractor January 25, 2007

Knowledgent White Paper Series. Developing an MDM Strategy WHITE PAPER. Key Components for Success

Enterprise Data Management

THOMAS RAVN PRACTICE DIRECTOR An Effective Approach to Master Data Management. March 4 th 2010, Reykjavik

Data warehouse Architectures and processes

Enterprise Data Governance

Adopting the DMBOK. Mike Beauchamp Member of the TELUS team Enterprise Data World 16 March 2010

Modernizing Your Data Strategy

Big Data and Big Data Governance

STRATEGIC INTELLIGENCE WITH BI COMPETENCY CENTER. Student Rodica Maria BOGZA, Ph.D. The Bucharest Academy of Economic Studies

Enable Business Agility and Speed Empower your business with proven multidomain master data management (MDM)

MDM and Data Warehousing Complement Each Other

Master Data Management. Zahra Mansoori

Making Data Work. Florida Department of Transportation October 24, 2014

APPROACH TO EIM. Bonnie O Neil, Gambro-BCT Mike Fleckenstein, PPC

What s New with Informatica Data Services & PowerCenter Data Virtualization Edition

ENABLING OPERATIONAL BI

Three Fundamental Techniques To Maximize the Value of Your Enterprise Data

Master Data Management Architecture

Service Oriented Architecture and the DBA Kathy Komer Aetna Inc. New England DB2 Users Group. Tuesday June 12 1:00-2:15

Master Data Management and Data Warehousing. Zahra Mansoori

Research. Mastering Master Data Management

Business Intelligence, Predictive Analytics, and Geographic Information Systems

HANDLING MASTER DATA OBJECTS DURING AN ERP DATA MIGRATION

An Introduction to Master Data Management (MDM)

Improved SOA Portfolio Management with Enterprise Architecture and webmethods

CDCR EA Data Warehouse / Strategy Overview. February 12, 2010

HANDLING MASTER DATA OBJECTS DURING AN ERP DATA MIGRATION

Product to Customer. through MDM. Presented by Luminita Vollmer, MBA, CDMP, CBIP

Explore the Possibilities

Updating the Clinger-Cohen Competencies for Enterprise Architecture

The Business Case for Information Management An Oracle Thought Leadership White Paper December 2008

Integrating Netezza into your existing IT landscape

Principal MDM Components and Capabilities

10 Biggest Causes of Data Management Overlooked by an Overload

MDM for the Enterprise: Complementing and extending your Active Data Warehousing strategy. Satish Krishnaswamy VP MDM Solutions - Teradata

Creating the Golden Record

Jagir Singh, Greeshma, P Singh University of Northern Virginia. Abstract

Framework for Data warehouse architectural components

Data Warehousing and Data Mining

Integrating MDM and Business Intelligence

AV-20 Best Practices for Effective Document and Knowledge Management

Agile Business Intelligence Data Lake Architecture

How To Develop A Data Warehouse

Chapter 6 Basics of Data Integration. Fundamentals of Business Analytics RN Prasad and Seema Acharya

Request for Information Page 1 of 9 Data Management Applications & Services

OPERATIONAL DATA STORE

Data Governance Good Practices and the role of Chief Information Officer

Klarna Tech Talk: Mind the Data! Jeff Pollock InfoSphere Information Integration & Governance

Master Data Management

IBM Analytics Make sense of your data

Data Warehousing. Jens Teubner, TU Dortmund Winter 2015/16. Jens Teubner Data Warehousing Winter 2015/16 1

The Role of D&B s DUNSRight Process in Customer Data Integration and Master Data Management. Dan Power, D&B Global Alliances March 25, 2007

Data Governance and the Role of CDO. John R. Talburt, PhD, IQCP University of Arkansas at Little Rock Black Oak Analytics, Inc

DATA GOVERNANCE AND DATA QUALITY

What to Look for When Selecting a Master Data Management Solution

Data Governance 8 Steps to Success

An Introduction to Data Warehousing. An organization manages information in two dominant forms: operational systems of

Data Warehousing: A Technology Review and Update Vernon Hoffner, Ph.D., CCP EntreSoft Resouces, Inc.

The Role of Data Warehousing Concept for Improved Organizations Performance and Decision Making

Process-Based Business Transformation. Todd Lohr, Practice Director

Introduction to Oracle Business Intelligence Standard Edition One. Mike Donohue Senior Manager, Product Management Oracle Business Intelligence

Service Oriented Data Management

The Influence of Master Data Management on the Enterprise Data Model

Published by: PIONEER RESEARCH & DEVELOPMENT GROUP ( 28

Real World MDM Challenges and Benefits

Turning Data into Knowledge: Creating and Implementing a Meta Data Strategy

Big Data for Investment Research Management

JOURNAL OF OBJECT TECHNOLOGY

Outline Business Intelligence Roadmap: The Complete Project Lifecycle for Decision-Support Applications

Bruce Rogers. Forbes. Chief Insights Officer and Head of the CMO Practice

Table of Contents. State of Colorado Data Strategy

Technical Layer (Technical Interoperability) Information Layer (Information Interoperability. Business Layer (Business Process Interoperability)

Data Warehouse: Introduction

Enterprise Data Sharing: Architecture approach and its evolution with Big Data. Presented by Gene Boomer CNO Financial Group

Data Governance Maturity Model Guiding Questions for each Component-Dimension

VisionWaves : Delivering next generation BI by combining BI and PM in an Intelligent Performance Management Framework

Data Management Journey

Logical Modeling for an Enterprise MDM Initiative

Business Data Authority: A data organization for strategic advantage

SENG 520, Experience with a high-level programming language. (304) , Jeff.Edgell@comcast.net

Enterprise Information Management and Business Intelligence Initiatives at the Federal Reserve. XXXIV Meeting on Central Bank Systematization

Big Data Analytics. Copyright 2011 EMC Corporation. All rights reserved.

How to Enhance Traditional BI Architecture to Leverage Big Data

Data Management & Business Analytics

HYPERION MASTER DATA MANAGEMENT SOLUTIONS FOR IT

Microsoft BI Platform Overview

Introduction to Datawarehousing

Data Governance Primer. A PPDM Workshop. March 2015

Establish and maintain Center of Excellence (CoE) around Data Architecture

Transcription:

Managing Data as a Strategic Asset: How is that Accomplished? Tuesday, April 28, 2015

Data Management Practices Hierarchy You can accomplish Advanced Data Practices without becoming proficient in the Foundational Data Management Practices however this will: Take longer Cost more Deliver less Present greater risk (with thanks to Tom DeMarco) Advanced Data Practices MDM Mining Big Data Analytics Warehousing SOA Foundational Data Management Practices Data Governance Data Quality Data Management Strategy Data Platform/Architecture Data Operations

DMM Structure 3

DMM Capability Maturity Model Levels DM is strategic organizational capability, most importantly we have a process for improving our DM capabilities Optimized (5) We manage our data as a asset using advantageous data governance practices/structures Our DM efforts remain aligned with business strategy using standardized and consistently implemented practices Defined (3) Measured (4) One concept for process improvement, others include: Norton Stage Theory TQM TQdM TDQM ISO 9000 and focus on understanding current processes and determining where to make improvements. Managed (2) Our DM practices are defined and documented processes performed at the business unit level Performed (1) Our DM practices are informal and ad hoc, dependent upon "heroes" and heroic efforts

\ Assessment Components Data Management Practice Areas Data Management Strategy Data Quality Data Governance Data Platform/Architecture Data Operations DM is practiced as a coherent and coordinated set of activities Delivery of data is support of organizational objectives the currency of DM Designating specific individuals caretakers for certain data Efficient delivery of data via appropriate channels Ensuring reliable access to data Capability Maturity Model Levels 1 Performed 2 Managed 3 Defined 4 Measured 5 Optimized Examples of practice maturity Our DM practices are ad hoc and dependent upon "heroes" and heroic efforts We have DM experience and have the ability to implement disciplined processes We have standardized DM practices so that all in the organization can perform it with uniform quality We manage our DM processes so that the whole organization can follow our standard DM guidance We have a process for improving our DM capabilities 5

Comparative Assessment Results Data Management Strategy Challenge Data Governance Challenge Data Platform & Architecture Data Quality Data Operations Challenge Client Industry Competition All Respondents 0 1 2 3 4 5

Confusion IT thinks data is a business problem "If they can connect to the server, then my job is done!" The business thinks IT is managing data adequately "Who else would be taking care of it?" 7

Common Organizational Data (and corresponding data needs requirements) Future State Evolve (Version +1) Evolving Data is Different than Creating New Systems Systems Development Activities Create Data evolution is separate from, external to, and precedes system development life cycle activities! New Organizational Capabilities 8

Top Data Job Top Job Top IT Job Top Operations Job Top Data Job Top Finance Job Top Marketing Job Data Governance Organization Dedicated solely to data asset leveraging Unconstrained by an IT project mindset Reporting to the business There is enough work to justify the function and not much talent The CDO provides significant input to the Top Information Technology Job 25 Percent of Large Global Organizations Will Have Appointed Chief Data Officers By 2015 Gartner press release. Gartner website (accessed May 7, 2014). January 30, 2014. http://www.gartner.com/newsroom/ id/2659215? By 2020, 60% of CIOs in global organizations will be supplanted by the Chief Digital Officer (CDO) for the delivery of IT-enabled products and digital services (IDC)

Joseph W. Grubbs, Ph.D., AICP, GISP Modis, Inc. Health Information Technology Mobile: (804) 467-7729 Email: joseph.grubbs@outlook.com

Value of Enterprise Data Data has been called the currency of government (NASCIO, 2008) This currency must be valued and managed as an enterprise asset Not all data are created equal Data value will vary depending on content, format, timeliness, quality and utility

Asset Management: Systems, infrastructure and processes for monitoring and maintaining an entity s assets through the entire lifecycle

Asset Management Asset management has become a priority at all levels of government and across government domains However, the focus remains mostly on infrastructure, IT, physical plant, fleet and other fixed assets

Asset Management Asset management strategies need to include information assets Information should be managed, maintained and secured as a critical intangible asset

Data Asset Management Metadata systems o Searchable o Structured o Standardized Discovery, reuse, reduced redundancy, standardization, ROI

Data Asset Management Inventory data systems across the enterprise to identify the array of information assets Data profiling of enterprise systems to assess the architecture, data elements, definitions and specifications Organize enterprise data systems into a taxonomy with subject areas and information classes

Data Asset Management Compile metadata for enterprise systems, including refresh frequency, maintenance, security, standards and exchanges Publish metadata in a searchable metadata registry or repository Establish data monitoring and data stewardship as key roles in the organization s enterprise information architecture program

ENTERPRISE INFORMATION ARCHITECTURE AN OPEN APPROACH

2015 OIR TDOT TDH Infrastructure Development Open Data Mark Bengel, TN CIO Mike Newman, TDH CIO David Reagan, TDH CMO Environmental Scan Collaboration Partner Agencies Local Health Departments Central Office 2014

JK1 Transformed Analytical Data Marts Analytics for adaptive applications Normalized (OLAP) Hadoop DW Security Public Health Data Resting mongodb (Store) (Prep ETL) Transactional (OLTP) Integration Engines Structured Data Reference Data

Slide 22 JK1 Jeffrey Kriseman, 3/31/2015

Hadoop (DW) MSSQL (MERGE) (Prep ETL) mongodb (Store) Integration Engines Structured Data Reference Data

Analytics for adaptive applications Hadoop DW Public Health Data

Interpretation Ownership Easily Digestible Access Manipulation Limited Legwork

Source Code Available Source Integrity No Upfront Cost Technology Neutral Licensing Derivative Works Collaborative Governing Body

Source Code Available Source Integrity No Upfront Cost Technology Neutral Licensing Derivative Works Collaborative Governing Body

Source Code Available Source Integrity No Upfront Cost Technology Neutral Licensing Derivative Works Collaborative Governing Body

If you want to go fast, go alone. If you want to go far, go Source No Upfront together. Integrity Cost Source Code Available African proverb (American cliché) Technology Neutral Licensing Derivative Works Collaborative Governing Body