Gramener's Chief Data Scientist and Co-founder Ganes Kesari conducted an interesting webinar that will give you an idea of how to analyze your data maturity and plan the five steps to transforming your business using data.
Who should watch this webinar?
Executives, Chief Data/Analytics Officers, Technology leaders, Business heads, Directors, and Managers.
Important points discussed on the webinar:
-The majority of businesses reach a halt in the middle of their data journey.
-According to Gartner, approximately 87% of companies in the business have a poor degree of data maturity (levels 1 and 2 on a scale of 5).
-Adding more data science projects to your portfolio will not boost your talents or results. The truth is that CDOs' primary issues are divided into five categories.
Learnings from this webinar:
-Data Science Maturity. What is it and why is it important?
-How can you determine the maturity of data science and its limitations?
-How does data science maturity (described with an example) assist your business in progressing?
Watch the full webinar on:
https://info.gramener.com/5-steps-to-transform-into-data-driven-organization
To know more about Data Maturity visit:
https://gramener.com/data-maturity/#
3. 3
INTRODUCTION
Ganes Kesari
Co-founder & Chief Decision
Scientist
“Simplify Data Science for all”
100+ Clients
Insights as Stories
Help start, apply and adopt Data Science
@kesaritweets
/gkesari
5. 5
“Digital Transformation” and Data: A pandemic snapshot
• Data leaders are leading or
heavily involved in digital
transformation
• By end of this year, in 75% of
large enterprises, the CDO office
will be a mission-critical function
like IT, HR, and Finance.
• Data teams have grown (49%),
budgets have expanded (43%)
Gartner’s 6th CDO Survey, 2021
Increased
49%
Stayed the
same
45%
Decreased
6%
Role of data leaders in digital transformation
Almost half increased their team headcount
6. Poll #1
6
Which of these is the biggest
challenge for your organization?
Here’s a short & simple poll to help you
reflect.
8. 8
Not every organization achieves the same level of value from data
1. Reference: McKinsey report - Catch them if you can: How leaders in data and analytics have pulled ahead
2. Reference: New Vantage Partners survey - Big Data and AI Executive Survey 2020
The gap between data science ‘leaders’ and ’laggards’ is widening.1
Only 37% executives report that they have created a data-driven organization.2
3. Reference: Gartner report – 5 Pitfalls to avoid when designing an effective data & analytics organization
Top 5 challenges
reported by CDOs3
Funding and
Resources
People and
Skills
Data Science
Strategy
Data
literacy
Culture and
Change
9. These challenges vary throughout an organization’s data journey
• How do we move up from Pilots to
Production?
• How to orient our data science strategy with
our business goals?
• What business problems should
we solve first?
• What skills and tools do we need?
• How to scale up our governance and
processes to improve execution?
• How do we establish clear linkages
between data and business ROI
• How to tap into internal and external
data for the right business insights?
• How can data stories help our users
adopt data for decision making?
• How to make data a habit across
every individual in the organization?
• How can “data value” influence every
investment we make?
Level 1
Level 2
Level 3
Level 4
Level 5
10. 10
One factor that influences the outcomes of all your data initiatives
“ Data maturity is a pre-requisite
to getting the most from your
analytics program.
Capabilities Gaps Benchmark
- Gartner
14. 14
ORGANIZATIONS MATURE IN THEIR DATA JOURNEY THROUGH FIVE LEVELS
Gartner Maturity Model for Data and Analytics
(D&A)2
D&A is transactional and
managed in silos
Level 1
Basic
Level 2
Opportunistic
Level 3
Systematic
Level 4
Differentiating
Level 5
Transformational
D&A Strategy is not
business relevant
Lacks leadership
support; organizational
barriers
Business executives
become D&A champions
Data types treated
differently
Business-led with clear
data leadership roles
D&A is central to
business strategy
Data value influences
investments
Clear linkages to
outcome and business
ROI
Lacks trust in data;
analysis is adhoc
1. Reference: Gartner press release – 87 percent organizations have low maturity
2. Reference: Gartner research - IT Score for Data & Analytics
Gartner found1 that 87% of organizations were in low maturity (levels 1 & 2)
15. 15
How can you assess your data maturity?
Not very different from SAT/CAT
tests..
..tailored to gauge data capabilities
16. 16
What goes into the data maturity score?
Gramener Data Science Maturity Assessment methodology
17. 17
What can data maturity assessments tell you?
Gramener Data Science Maturity Toolkit
18. 18
“
Amongst organizations that reached
the highest level of Data Maturity,
nearly half of them significantly
exceeded business goals.
- Deloitte
Reference: Deloitte report
“
Analytics maturity IS associated with
company performance. 59 of 72 key
metrics show association.
- IIA
Reference: IIA report
21. 21
The 5 steps to a data-driven organization
• Define the Vision & Strategy
• Assess maturity & benchmark
1. Reflect ..on Organizational Strategy
22. 22
The 5 steps to a data-driven organization
• Identify strategic programs
• Build a data roadmap
1. Reflect ..on Organizational Strategy
2. Align ..on Business Priorities
23. 23
The 5 steps to a data-driven organization
• People, process & technology needs
• Define governance & execute
1. Reflect ..on Organizational Strategy
2. Align ..on Business Priorities
3. Define ..the Execution Process
24. 24
The 5 steps to a data-driven organization
• Improve data literacy, adoption
• Measure ROI from initiatives
1. Reflect ..on Organizational Strategy
2. Align ..on Business Priorities
3. Define ..the Execution Process
4. Adopt ..to realize Business Value
25. 25
The 5 steps to a data-driven organization
• Promote data-driven culture
1. Reflect ..on Organizational Strategy
2. Align ..on Business Priorities
3. Define ..the Execution Process
4. Adopt ..to realize Business Value
5. Radiate ..across the Organization
26. The 5-step RADAR Methodology will help your business level-up
26
Reflect Align Define
RADAR Data-to-Value Methodology
Adopt Radiate
on Organizational
Strategy
on Business
Priorities
the Execution
Process
for Business
Outcomes
across the
Organization
27. 27
How does the 5-step RADAR framework address the top 5 challenges?
Top 5 challenges
reported by CDOs
Funding and
Resources
People and
Skills
Data Science
Strategy
Data
literacy
Culture and
Change
Reflect
Align Define
Adopt
Radiate
28. How are data science projects typically picked and executed?
28
• Consolidate data in a spreadsheet
• Plot the data
• Forecast using built in regression techniques in
Excel
Now, the organization has sales forecasts which
possibly are much better than intuition.
Consider a small-sized retail chain who wants to start off on the
analytics journey. Here’s what typically happens:
But, is this the best approach? What
can go wrong?
• Alignment with Biz strategy is
assumed, as forecasting is a
relatively common issue for retail
• Lack of sales forecasts is assumed
to be the most pressing business
problem
• Sales teams often don’t know how to
action the statistical outputs of
forecasting models
29. Let’s revisit the same scenario using the 5-Step RADAR approach
29
• Leadership sees supply-demand bottlenecks
increasing as they scale
• From use cases, (a) Sales forecasting, (b) Supply
– Demand optimization & (c) Scenario planning,
they chose (b) based on org priorities
• A simple database which snapshots Sales and
Inventory data is planned
• This is used to create an optimization algorithm in
3 weeks. Processes were tweaked to allow for
Sales & Warehouse teams to consume the outputs
• Sales & Warehouse teams were taken through a
data literacy training to better leverage the outputs
Consider a small-sized retail chain who wants to start off on the
analytics journey. Here’s how it should be done:
1. Reflect
2. Align
3. Define
4. Adopt
5. Radiate
30. With each “Radiate” phase there is multiplying impact & value from data
RADAR sets off a positive spiral of business value
30
Reflect
Align
Reflect
Align Define
Adopt
Radiate
Reflect
Align
Define
Radiate
32. Poll #3
32
Which of these 5 steps do
you need help with?
Here’s a short & simple poll to help you
reflect.
33. 33
A LOGISTICS LEADER BECOMES DATA-DRIVEN AND
SLASHES WAREHOUSE TURN-TIMES BY 16%
Context
The client is a leading provider of logistics solutions in the US.
They have a presence across the country and operate several
dozen cold storage warehouses.
33
Challenges
The organization aspired to become data-driven and level-up into
data science to transform the business operations:
Choosing the most impactful initiatives
Acquiring the skills, processes, and tools
Measuring ROI from data science investments
Organizing data science teams and promoting collaboration
Managing change and improving adoption
34. 34
Transforming into a data-driven organization, step by step
1. Reflect
2. Align
3. Define
4. Adopt
5. Radiate
Cycle 1
• Reduce warehouse turn-times
• Optimize warehouse operations
to improve customer satisfaction
• Augment skills, processes
• Build appointment scheduler
• Pilot in 3 warehouses
• Storytelling for 80%+ adoption
• Productionize in all locations
• Manage change
35. 35
Transforming into a data-driven organization, step by step
1. Reflect
2. Align
3. Define
4. Adopt
5. Radiate
Cycle 1
• Reduce warehouse turn-times
• Design an innovation funnel
• Optimize warehouse operations to
improve customer satisfaction
• Augment skills, processes
• Build appointment scheduler
• Pilot in 3 warehouses
• Storytelling for 80%+ adoption
• Productionize in all locations
• Manage change
Today
…
• Expanded beyond quick-wins
• Robust experimentation pipeline
• Improve Ops efficiency
• Drive revenue impact
• Data maturity at Level 3
• Streamlined governance
• 16% reduction in turn-time
• ROI Tracking framework
• Data-driven leadership
• Marketing, success stories
36. 36
Free Toolkits and Useful References
• Take our 5-minute Data Science Maturity Assessment to find
out where you stand and what you should do next.
Whiteboard Series:
Executive insights with
data in under 5 minutes
Webinar: The best way
to Choose your Data
Science Projects
The 5 roles that
every data science
team must hire
When should
you not invest
in AI?
References to learn more:
Photo by Waldemar Brandt on Unsplash
Photo by Matt Duncan on Unsplash
Photo by Perry Grone on Unsplash
How can I derive business value from my data science initiatives?
Which business problems should I solve first?
What's the best way to quantify ROI from my data investments?
How should I build a data-driven organization?
How can I help my business teams make actionable decisions from data?
Photo by Johannes Plenio on Unsplash
Photo by Denise Jans on Unsplash
Yes
No, I don’t see much value in it
No, but I’m curious
Photo by Johannes Plenio on Unsplash
Photo by Nguyen Dang Hoang Nhu on Unsplash
Photo by Nguyen Dang Hoang Nhu on Unsplash
Photo by Goh Rhy Yan on Unsplash
Photo by Maximilian Weisbecker on Unsplash
Photo by Johannes Plenio on Unsplash
Photo by Nguyen Dang Hoang Nhu on Unsplash
Photo by Nguyen Dang Hoang Nhu on Unsplash
Photo by Nguyen Dang Hoang Nhu on Unsplash
Photo by Nguyen Dang Hoang Nhu on Unsplash
Photo by Nguyen Dang Hoang Nhu on Unsplash
Can organizations do reflect, Define & adopt together ?
Are these Serial phases ? How do I start tomorrow ?
Can organizations do reflect, Define & adopt together ?
Are these Serial phases ? How do I start tomorrow ?
Photo by Pan Species on Unsplash
REFLECT to define vision and strategy
ALIGN on business priorities to build a roadmap
DEFINE the execution process
ADOPT to realize business value
RADIATE across the organization