Date post: | 12-Nov-2014 |
Category: |
Technology |
Upload: | kalido |
View: | 343 times |
Download: | 2 times |
1 April 8, 2023© Kalido I Kalido Confidential I April 8, 2023
What’s the Half Life of Your Data?The Economic Impacts of an Agile Data Foundation
2 April 8, 2023© Kalido I Kalido Confidential I April 8, 2023
Logistics
Webcast is being recorded and will be available for replay
Attendees will be on mute for the call
Type your questions into the Questions box
Request a copy of today’s slides by sending an email to: [email protected]
3 April 8, 2023© Kalido I Kalido Confidential I April 8, 2023
Today’s Speakers
Ian Campbell, founder of Nucleus Research, is responsible for the company's product set and overall corporate direction. As such, he manages and directs Nucleus' industry leading return on investment (ROI) research approach. He is an expert on the ROI and Total Cost of Ownership (TCO) analysis of technology and has written and presented extensively on a range of organizational topics.
Bill Hewitt serves as Kalido's Chief Executive Officer, President and Director, responsible for the company's business strategy and operating results. Bill brings over 20 years of executive-level leadership experience in enterprise software, hardware and services markets to Kalido, along with expertise in managing companies in all phases of growth, from venture backed private firms to public Global 2000 companies.
4 April 8, 2023© Kalido I Kalido Confidential I April 8, 2023
Today’s Topics
How do business decision tempos influence data value?
Over time, how does data agility sustain data value?
How can the value of data be quantified?
What’s important to consider in your business case?
An online tool to self-assess economic impacts.
5 April 8, 2023© Kalido I Kalido Confidential I April 8, 2023
6 April 8, 2023© Kalido I Kalido Confidential I April 8, 2023
85% say business requirementschange too fast for I.T. to keep up.
7 April 8, 2023© Kalido I Kalido Confidential I April 8, 2023
8 April 8, 2023© Kalido I Kalido Confidential I April 8, 2023
9 April 8, 2023© Kalido I Kalido Confidential I April 8, 2023
Rate of decay for data valueis influenced by decision tempo.
10 April 8, 2023© Kalido I Kalido Confidential I April 8, 2023
Warm-up Data Points
11 April 8, 2023© Kalido I Kalido Confidential I April 8, 2023
AGILITY?
12 April 8, 2023© Kalido I Kalido Confidential I April 8, 2023
13 April 8, 2023© Kalido I Kalido Confidential I April 8, 2023
Revenue Growth
Employee Productivity
Actionable Insights from B.I.
“Top Performers”
91% state continuous, on-demand reports as a top three concern
3X more likely able to see new data in a report within one week
48% can see new data in a report within one day
14 April 8, 2023© Kalido I Kalido Confidential I April 8, 2023
Data Agility likely mattersto the business
15 April 8, 2023© Kalido I Kalido Confidential I April 8, 2023
What did we hear?
“It’s a struggle; we’re adding and integrating new data sources constantly because we use so many external third parties and every country is potentially different.”
“If you’re pulling information from archives and doing manual reporting, it’s going to take longer to get the information.”
“We had loads of customer data, sales data, inventory data, and delivery data but very little of that has ever been turned into any information that could be used to make good business decisions.”
Common thread:
Gathering data isn’t as challenging as disseminating data before it perishes.
16 April 8, 2023© Kalido I Kalido Confidential I April 8, 2023
Timeto
Value
Valueof
Time
17 April 8, 2023© Kalido I Kalido Confidential I April 8, 2023
Can we measure the value (yes)?
Better data means:Better decisionsFewer mistakesMore opportunitiesIncreased productivity
Approach:1) Assume decisions are made when the confidence in data reaches a point.2) Then, better access reduces time needed to gather information to reach decision point
Result: Conservative measure of productivity recovered
18 April 8, 2023© Kalido I Kalido Confidential I April 8, 2023
Vertical?
Problem: Since data always has some value so how does the value change over time?
Answer: Not linear but exponential decay - half life
Problem: How to apply half life in the real world?
Examined the data by vertical and it didn't correlate
Examined by corporate “tempo” and correlated
Identified 3 tempos: Minutes to hoursDays to weeksMonths
19 April 8, 2023© Kalido I Kalido Confidential I April 8, 2023
20 April 8, 2023© Kalido I Kalido Confidential I April 8, 2023
Making the business case
Putting a number on it…
You can’t measure “perfect” but you can measure the value of taking a step.
How well do you manage data today?Identified five steps in managing data from poor to excellent Examined time devoted to data management at each step
What’s your tempo?Defines the rate of loss in the value of data from rapid to slow.
Result: Productivity lost gathering information. Measure the value of taking a step.
21 April 8, 2023© Kalido I Kalido Confidential I April 8, 2023
The value of a step
Move from Fair to Moderate
Increase productivity by 0.4%
Save almost $1,000,000
22 April 8, 2023© Kalido I Kalido Confidential I April 8, 20232222
Q&A
23 April 8, 2023© Kalido I Kalido Confidential I April 8, 2023
Summing Up
Incremental improvements in data efficiency and data agility drive meaningful economic improvements
An agile data foundation is the enabler
Automation is a key contributor to data agility
24 April 8, 2023© Kalido I Kalido Confidential I April 8, 2023
Next Steps
Get the Nucleus Research report and
case studies at http://bit.ly/10OBGl9
Take our “Ten Minute Agility Assessment”
at http://bit.ly/XW0IPt
25 April 8, 2023© Kalido I Kalido Confidential I April 8, 2023
To Learn More
Visit us at www.kalido.com
Follow us on Twitter: @Kalido
Join the Kalido Connections communityhttp://kalidoconnections.com
Contact us! +1.781.202.3200, press 1
26 April 8, 2023© Kalido I Kalido Confidential I April 8, 2023
“How-To” Webcast
“Building Agility Into Your Data Foundation”
December 4, 201211 a.m. EST/10 a.m. CST/8 a.m. PST
• Adapt to changing requirements in minutes• Integrate new data sources in hours• Respond to change at the speed of business
Model-driven automation for data professionals
Space is limited.Reserve your Webinar seat now at:
http://bit.ly/QmDn6e
27 April 8, 2023© Kalido I Kalido Confidential I April 8, 2023
Thank you for attending!