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Create Data Strategies for the Small Enterprise

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1 Create Data Strategies for the Small Enterprise
Strategy Infrastructure Applications Security For small and medium enterprises DATA Create Data Strategies for the Small Enterprise Harness the power of data and drive the business to success. Info-Tech's products and services combine actionable insight and relevant advice with ready-to-use tools and templates that cover the full spectrum of IT concerns.© Info-Tech Research Group

2 Insightful data-focused strategies are driving today’s business agendas. There is a growing gap between the exceptional leaders in each market and their market followers. Data is used in ways never before imagined, calling to action the need for relevant, complete, consistent, transparent, precise, timely, and accurate data.  This requires an enterprise-wide approach to data management founded in business strategy. Aligning your business’s data strategies with key data management enablers will ensure that your data management practice is fit-for-business purpose and is right-sized to meet your unique business data needs. Steven J. Wilson, Senior Director Info-Tech Research Group

3 Datavores and Data Builders are over
Organizations are becoming more data-driven Data is an asset but only if the quality is high. Small enterprises must maintain high-quality data for decision making to stay competitive in today’s economy. Organizations fall into one of four different categories of data use: Datavores and Data Builders are over Dataphobes Data Mixers Data Builders Datavores Organization surveyed considered data manipulation the least developed skill in their workforce. 10% Rarely use data for decision making. Collect and combine data from multiple sources. Require dedicated servers for big datasets. Rely on data to make informed decisions. more productive than Dataphobes by leveraging high data quality to: Identify commercial opportunities. Improve efficiency. Create innovative products and services. Where does your company stand on this spectrum and where would you like to be based on organizational goals? Source: Nesta, 2015

4 Data strategies drive organizations to become Datavores
What are data strategies? Descriptions of how the organization wants to use data to support the achievement of a business capability or strategic goal. How can they help? IT can improve data usage of the business by identifying key objectives and goals. By creating data strategies using Info-Tech Research Group guidance, you can: Save IT over Reduce the burden on IT Garner the support of the business $31,000 Source: Robert Half Technology Guide, 2017 Assumptions: By focusing strictly on data management full-time DBAs gain back 30% of their time Calculations: Salary is $90,000-$120,250 for DBA. Average is $105,125 per year. Multiplied by .3 = 31,573.5

5 Use this research to create a data management strategy
Intended Audience Staff responsible for data governance in the small enterprise. This Research Includes Activities to foster a data culture. Techniques to complete a SWOT analysis and interviews. Guidance on how to translate an understanding of the business into data strategies. Expected Benefits A collective awareness from both the business and IT around the value of data. A garnered understanding from IT’s perspective around primary business pain points in relation to data. Feasible data strategies that will be implemented by IT. WALK AWAY FROM THIS BLUEPRINT WITH: An established data culture within the organization. A clear understanding of stakeholder needs with respect to data in the organization. An effective plan and set of steps to communicate the data strategy to stakeholders. A prioritized data management strategy.

6 Table of Contents STREAMLINE YOUR SEARCH
Use these navigation shortcuts to find the guidance that best aligns to your critical data needs. Section 1: Foster a data culture Activity 1.1 Discuss peer stories Activity 1.2 Select a business sponsor Section 2: Identify challenges and opportunities Activity 2.1 Perform a SWOT analysis Activity 2.2 Conduct stakeholder interviews Section 3: Organize and present findings Activity 3.1 Summarize SWOT and interview notes Activity 3.2 Map findings to strategies Activity 3.3 Present strategies to stakeholders Appendix Info-Tech Research Group Company Overview Guided Implementation Outline Bibliography Do you need assistance conducting interviews? Review Activity 2.2 Is the business unaware of the role that proper data practices play in the organization? Review Step 1 Has the business given you input on data already? Review Activities in Step 3 Want to best identify how to present the strategy to stakeholders? Review Activity 3.3

7 Is This Research Right for You?
Research Navigation Info-Tech Research Group has a number of distinct blueprints designed to support clients in improving their strategic data processes. Use the questions below to help guide you to the right Info-Tech resources that best align to the outcomes you want to achieve.. Question If you answered no If you answered yes Do you have less than 15 employees in IT? Review Info-Tech’s archive of research for mid-size and large enterprise clients. Follow the guidance in this blueprint. Do you need to create feasible data strategies for IT and the business? Small Enterprises – Follow the guidance in this blueprint. Large Enterprises – Review Info-Tech’s Create a Plan for Establishing a Business-Aligned Data Management Practice. Do you need to create a data mission statement and guiding principles for the practice? Are you ready to solve data quality issues? Small Enterprises – Follow the guidance in this blueprint. Small Enterprises – Review Info-Tech’s Improve Data Quality in the Small Enterprise. Large Enterprises – Review Info-Tech’s Conquer Data Quality Challenges in 4 Steps.

8 Info-Tech’s Data Management Framework
What is data management? Data management is the planning, execution, and oversight of policies, practices, and projects that acquire, control, protect, deliver, and enhance the value of data and information assets (DAMA, 2009). Info-Tech’s Data Management Framework is designed to show how an organization’s business model sits as the foundation of its data management practice. Drawing from the requirements of the underpinning model, a practice is designed and maintained through the creation and application of the enablers and dimensions of data management.

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10 Info-Tech Research Group Helps IT Professionals To:
Quickly get up to speed with new technologies Make the right technology purchasing decisions – fast Deliver critical IT projects, on time and within budget Manage business expectations Justify IT spending and prove the value of IT Train IT staff and effectively manage an IT department Sign up for free trial membership to get practical solutions for your IT challenges “Info-Tech helps me to be proactive instead of reactive – a cardinal rule in a stable and leading edge IT environment. - ARCS Commercial Mortgage Co., LP Toll Free:


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