SlideShare a Scribd company logo
1 of 16
Download to read offline
Underwritten by:
Using Smart
Technologies To
Transform Legacy
Data into
Business Value
David Jones &
Norman Wren
Underwritten by:
Introductions
3
1
David Jones
▪ VP Product Marketing
▪ Nuxeo
2
Norman Wren
▪ Former Technical and Operations
Director
▪ Santander
Underwritten by:
Digital Transformation – A Reality Check
Data is a Ticking Time Bomb
Q&A
1
2
3
Agenda
Underwritten by:
Introductions
6
David Jones
▪ VP of Product Marketing
▪ Nuxeo
▪ @InstinctiveDave
2
Norman Wren
▪ Former Technical and Operations Director
▪ Santander
Digital Transformation
A Reality Check
Underwritten by:
Digital
Transformation
in Financial
Services
Massive Spend
Average $42M in 2018
Rising to $45M in 2019
Purpose
66% Customer facing innovations
Success?
88%
Project delayed, reduced scope, or cancelled
26%
Digital Transformation= Insurmountable Task
Statistics courtesy of Couchbase
Underwritten by:
“Everyone who hears these words of mine, and doesn't do them will be
like a foolish man, who built his house on the sand. The rain came down,
the floods came, and the winds blew, and beat on that house; and it
fell—and great was its fall.”
— Matthew 7:24–27
Underwritten by:
Building
on Sand?
Legacy Systems Disconnected Systems Search not find
Customer Experience Mobile & Web Apps
Performance
& Scalability
Underwritten by:
#AIIMYour Digital Transformation Begins with
Intelligent Information Management
Data is a Ticking
Time Bomb
How to successfully
defuse it by leveraging
smart technology
–
Norman Wren
Underwritten by:
Why is this
important? Customer expectation:
Customer in control
Unlimited data access
Always on 24 x 7
Real time
Added value services
Regulation :
Customer rights
Data portability
Open access to third parties
Remediation of historic practices
Internal driver:
Exploit data assets
Underwritten by:
Legacy Data
Challenges
• Fragmented data ; not real time; internal view; unstructured
data; access limited
• Multiple formats; limited documentation; knowledge gap
• Integrity within applications not across; degradation over time
• Security and data leakage
• Obsolescence
• Compliance with regulation
• Cost of Change; time to market ; consolidation of data stores.
• Architecture and technology compatibility
• BAU Running costs
• No scalability; access limitations; poor schema design
Access
Data Quality and
Integrity
Risk
Cost
Performance
Underwritten by:
Value:
3 Basic
Requirements ➢ Find Data
➢ Document attributes and meaning
➢ Understand usage and context
➢ Define architecture
➢ Set usage, access and security rules
➢ Build governance and ownership
➢ Organize around common business purposes
➢ Make accessible through common access layer
➢ Use metadata to organize and add value
➢ Build new capabilities – data driven
Understand the
Data
Manage the Data
Exploit the Data
3
1
2
Underwritten by:
Considerations
Archaeology:
Find and document data and
how used
Architecture:
Define data architecture and
principles
Data ECO system:
Distributed data
Define data usage:
Update; query; analytics
Common Layer:
To bridge technologies
Scaleability:
Cloud processing; distributed
data
Ownership:
Governance and accountability
Underwritten by:
Key Points
“Data as an Asset” needs:
• Clear ownership and accountability
• Knowledge and documentation meta data
• Clear understanding of usage and value
• Data architects and engineers
• Architectural readiness
• Capability
• Data strategy
Underwritten by:
Stick or Twist?
➢ Obsolescence
➢ Security
➢ Maintenance
➢ Cost
➢ Risk
➢ Cost
➢ Risk
➢ Data Quality
➢ Integrity
➢ Business case
➢ Less Risk
➢ Unlock assets
➢ Bridge old and new
➢ Create data eco system for the future
Do Nothing
Big Bang
Migration
Co-Existence/
Common Layer
Underwritten by:
Summary
• Data knowledge and documentation fundamental
• Hard work and time consuming
• Clear target architecture addressing data
• Technology stack and data usage
• Common layer to separate data from business processing
• Avoid migration if possible
• Avoid pitfall of access in situ
• Define common business purposes
• Build road map
• Balance value, cost and risk
• Invest in capability
Underwritten by:
Thank You
www.nuxeo.com
Twitter: @instinctivedave
Email: djones@Nuxeo.com

More Related Content

What's hot

Track-2307_KUKREJA.potx
Track-2307_KUKREJA.potxTrack-2307_KUKREJA.potx
Track-2307_KUKREJA.potx
Puneet Kukreja
 
BIG DATA ANALYTICS,K.maheswari,II-M.sc(computer science),Bon Secours college...
BIG DATA  ANALYTICS,K.maheswari,II-M.sc(computer science),Bon Secours college...BIG DATA  ANALYTICS,K.maheswari,II-M.sc(computer science),Bon Secours college...
BIG DATA ANALYTICS,K.maheswari,II-M.sc(computer science),Bon Secours college...
maheswarikumaran
 

What's hot (13)

encryptedDB
encryptedDBencryptedDB
encryptedDB
 
De groote de man Ingrid de Poorter
De groote de man Ingrid de PoorterDe groote de man Ingrid de Poorter
De groote de man Ingrid de Poorter
 
"Hadoop: What we've learned in 5 years", Martin Oberhuber, Senior Data Scient...
"Hadoop: What we've learned in 5 years", Martin Oberhuber, Senior Data Scient..."Hadoop: What we've learned in 5 years", Martin Oberhuber, Senior Data Scient...
"Hadoop: What we've learned in 5 years", Martin Oberhuber, Senior Data Scient...
 
Everyone is talking Cloud - How secure is your data?
Everyone is talking Cloud - How secure is your data? Everyone is talking Cloud - How secure is your data?
Everyone is talking Cloud - How secure is your data?
 
Forecast 2012 Panel: Big Data in the Cloud Das Kamhout
Forecast 2012 Panel: Big Data in the Cloud Das KamhoutForecast 2012 Panel: Big Data in the Cloud Das Kamhout
Forecast 2012 Panel: Big Data in the Cloud Das Kamhout
 
Six steps to leveraging location for the Canadian insurance industry
Six steps to leveraging location for the Canadian insurance industrySix steps to leveraging location for the Canadian insurance industry
Six steps to leveraging location for the Canadian insurance industry
 
Track-2307_KUKREJA.potx
Track-2307_KUKREJA.potxTrack-2307_KUKREJA.potx
Track-2307_KUKREJA.potx
 
BIG DATA ANALYTICS,K.maheswari,II-M.sc(computer science),Bon Secours college...
BIG DATA  ANALYTICS,K.maheswari,II-M.sc(computer science),Bon Secours college...BIG DATA  ANALYTICS,K.maheswari,II-M.sc(computer science),Bon Secours college...
BIG DATA ANALYTICS,K.maheswari,II-M.sc(computer science),Bon Secours college...
 
Beyond the Binary: Pre-Ingest Preservation of Metadata. Jessica Moran and Jay...
Beyond the Binary: Pre-Ingest Preservation of Metadata. Jessica Moran and Jay...Beyond the Binary: Pre-Ingest Preservation of Metadata. Jessica Moran and Jay...
Beyond the Binary: Pre-Ingest Preservation of Metadata. Jessica Moran and Jay...
 
Cyber Security and GDPR
Cyber Security and GDPRCyber Security and GDPR
Cyber Security and GDPR
 
GDPRforum Brighton
GDPRforum BrightonGDPRforum Brighton
GDPRforum Brighton
 
How Big Data technology affects businesses?
How Big Data technology affects businesses?How Big Data technology affects businesses?
How Big Data technology affects businesses?
 
How to tackle big data from a security
How to tackle big data from a securityHow to tackle big data from a security
How to tackle big data from a security
 

Similar to Using Smart Technologies to Transform Legacy Data into Business Value

Essential Prerequisites for Maximizing Success from Big Data
Essential Prerequisites for Maximizing Success from Big DataEssential Prerequisites for Maximizing Success from Big Data
Essential Prerequisites for Maximizing Success from Big Data
Society of Petroleum Engineers
 
¿En qué se parece el Gobierno del Dato a un parque de atracciones?
¿En qué se parece el Gobierno del Dato a un parque de atracciones?¿En qué se parece el Gobierno del Dato a un parque de atracciones?
¿En qué se parece el Gobierno del Dato a un parque de atracciones?
Denodo
 
Operationalizing Location Data and Data Science to Gain a Competitive Edge in...
Operationalizing Location Data and Data Science to Gain a Competitive Edge in...Operationalizing Location Data and Data Science to Gain a Competitive Edge in...
Operationalizing Location Data and Data Science to Gain a Competitive Edge in...
Precisely
 
Implementar una estrategia eficiente de gobierno y seguridad del dato con la ...
Implementar una estrategia eficiente de gobierno y seguridad del dato con la ...Implementar una estrategia eficiente de gobierno y seguridad del dato con la ...
Implementar una estrategia eficiente de gobierno y seguridad del dato con la ...
Denodo
 
By Thoughtworks | Building data as a product: The key to unlocking Data Mesh'...
By Thoughtworks | Building data as a product: The key to unlocking Data Mesh'...By Thoughtworks | Building data as a product: The key to unlocking Data Mesh'...
By Thoughtworks | Building data as a product: The key to unlocking Data Mesh'...
IngridBuenaventura
 
On the Cloud? Data Integrity for Insurers in Cloud-Based Platforms
On the Cloud? Data Integrity for Insurers in Cloud-Based PlatformsOn the Cloud? Data Integrity for Insurers in Cloud-Based Platforms
On the Cloud? Data Integrity for Insurers in Cloud-Based Platforms
Precisely
 

Similar to Using Smart Technologies to Transform Legacy Data into Business Value (20)

AIIM Webinar: Defuse the Ticking Time Bomb of Data by Leveraging Smart Techno...
AIIM Webinar: Defuse the Ticking Time Bomb of Data by Leveraging Smart Techno...AIIM Webinar: Defuse the Ticking Time Bomb of Data by Leveraging Smart Techno...
AIIM Webinar: Defuse the Ticking Time Bomb of Data by Leveraging Smart Techno...
 
Essential Prerequisites for Maximizing Success from Big Data
Essential Prerequisites for Maximizing Success from Big DataEssential Prerequisites for Maximizing Success from Big Data
Essential Prerequisites for Maximizing Success from Big Data
 
Data Democratization for Faster Decision-making and Business Agility (ASEAN)
Data Democratization for Faster Decision-making and Business Agility (ASEAN)Data Democratization for Faster Decision-making and Business Agility (ASEAN)
Data Democratization for Faster Decision-making and Business Agility (ASEAN)
 
Crowdsourcing Approaches to Big Data Curation - Rio Big Data Meetup
Crowdsourcing Approaches to Big Data Curation - Rio Big Data MeetupCrowdsourcing Approaches to Big Data Curation - Rio Big Data Meetup
Crowdsourcing Approaches to Big Data Curation - Rio Big Data Meetup
 
Building a Data Strategy – Practical Steps for Aligning with Business Goals
Building a Data Strategy – Practical Steps for Aligning with Business GoalsBuilding a Data Strategy – Practical Steps for Aligning with Business Goals
Building a Data Strategy – Practical Steps for Aligning with Business Goals
 
¿En qué se parece el Gobierno del Dato a un parque de atracciones?
¿En qué se parece el Gobierno del Dato a un parque de atracciones?¿En qué se parece el Gobierno del Dato a un parque de atracciones?
¿En qué se parece el Gobierno del Dato a un parque de atracciones?
 
Data Management, Metadata Management, and Data Governance – Working Together
Data Management, Metadata Management, and Data Governance – Working TogetherData Management, Metadata Management, and Data Governance – Working Together
Data Management, Metadata Management, and Data Governance – Working Together
 
Operationalizing Location Data and Data Science to Gain a Competitive Edge in...
Operationalizing Location Data and Data Science to Gain a Competitive Edge in...Operationalizing Location Data and Data Science to Gain a Competitive Edge in...
Operationalizing Location Data and Data Science to Gain a Competitive Edge in...
 
Big Data in Oil and Gas: How to Tap Its Full Potential
Big Data in Oil and Gas: How to Tap Its Full PotentialBig Data in Oil and Gas: How to Tap Its Full Potential
Big Data in Oil and Gas: How to Tap Its Full Potential
 
451 Research + NuoDB: What It Means to be a Container-Native SQL Database
451 Research + NuoDB: What It Means to be a Container-Native SQL Database451 Research + NuoDB: What It Means to be a Container-Native SQL Database
451 Research + NuoDB: What It Means to be a Container-Native SQL Database
 
RWDG Slides: Building Data Governance Through Data Stewardship
RWDG Slides: Building Data Governance Through Data StewardshipRWDG Slides: Building Data Governance Through Data Stewardship
RWDG Slides: Building Data Governance Through Data Stewardship
 
Implementar una estrategia eficiente de gobierno y seguridad del dato con la ...
Implementar una estrategia eficiente de gobierno y seguridad del dato con la ...Implementar una estrategia eficiente de gobierno y seguridad del dato con la ...
Implementar una estrategia eficiente de gobierno y seguridad del dato con la ...
 
By Thoughtworks | Building data as a product: The key to unlocking Data Mesh'...
By Thoughtworks | Building data as a product: The key to unlocking Data Mesh'...By Thoughtworks | Building data as a product: The key to unlocking Data Mesh'...
By Thoughtworks | Building data as a product: The key to unlocking Data Mesh'...
 
The New Trillium DQ: Big Data Insights When and Where You Need Them
The New Trillium DQ: Big Data Insights When and Where You Need ThemThe New Trillium DQ: Big Data Insights When and Where You Need Them
The New Trillium DQ: Big Data Insights When and Where You Need Them
 
On the Cloud? Data Integrity for Insurers in Cloud-Based Platforms
On the Cloud? Data Integrity for Insurers in Cloud-Based PlatformsOn the Cloud? Data Integrity for Insurers in Cloud-Based Platforms
On the Cloud? Data Integrity for Insurers in Cloud-Based Platforms
 
DAS Slides: Emerging Trends in Data Architecture — What’s the Next Big Thing?
DAS Slides: Emerging Trends in Data Architecture — What’s the Next Big Thing?DAS Slides: Emerging Trends in Data Architecture — What’s the Next Big Thing?
DAS Slides: Emerging Trends in Data Architecture — What’s the Next Big Thing?
 
Accelerate Confident Decision-Making with Data Enrichment
Accelerate Confident Decision-Making with Data EnrichmentAccelerate Confident Decision-Making with Data Enrichment
Accelerate Confident Decision-Making with Data Enrichment
 
The Path to Data and Analytics Modernization
The Path to Data and Analytics ModernizationThe Path to Data and Analytics Modernization
The Path to Data and Analytics Modernization
 
Keeping your project on track - Webinar, September 2016
Keeping your project on track - Webinar, September 2016Keeping your project on track - Webinar, September 2016
Keeping your project on track - Webinar, September 2016
 
Big Data Everywhere Chicago: Platfora - Practices for Customer Analytics on H...
Big Data Everywhere Chicago: Platfora - Practices for Customer Analytics on H...Big Data Everywhere Chicago: Platfora - Practices for Customer Analytics on H...
Big Data Everywhere Chicago: Platfora - Practices for Customer Analytics on H...
 

More from Nuxeo

Enabling Digital Transformation Amidst a Global Pandemic | Low-Code, Cloud, A...
Enabling Digital Transformation Amidst a Global Pandemic | Low-Code, Cloud, A...Enabling Digital Transformation Amidst a Global Pandemic | Low-Code, Cloud, A...
Enabling Digital Transformation Amidst a Global Pandemic | Low-Code, Cloud, A...
Nuxeo
 

More from Nuxeo (20)

Own the Digital Shelf Strategies Food and Beverage Companies
Own the Digital Shelf Strategies Food and Beverage CompaniesOwn the Digital Shelf Strategies Food and Beverage Companies
Own the Digital Shelf Strategies Food and Beverage Companies
 
How DAM Librarians Can Get Ready for the Uncertain Future
How DAM Librarians Can Get Ready for the Uncertain FutureHow DAM Librarians Can Get Ready for the Uncertain Future
How DAM Librarians Can Get Ready for the Uncertain Future
 
How Insurers Fueled Transformation During a Pandemic
How Insurers Fueled Transformation During a PandemicHow Insurers Fueled Transformation During a Pandemic
How Insurers Fueled Transformation During a Pandemic
 
Manage your Content at Scale with MongoDB and Nuxeo
Manage your Content at Scale with MongoDB and NuxeoManage your Content at Scale with MongoDB and Nuxeo
Manage your Content at Scale with MongoDB and Nuxeo
 
Accelerate the Digital Supply Chain From Idea to Support
Accelerate the Digital Supply Chain From Idea to SupportAccelerate the Digital Supply Chain From Idea to Support
Accelerate the Digital Supply Chain From Idea to Support
 
Where are you in the DAM Continuum
Where are you in the DAM ContinuumWhere are you in the DAM Continuum
Where are you in the DAM Continuum
 
Customer Experience in 2021
Customer Experience in 2021Customer Experience in 2021
Customer Experience in 2021
 
L’IA personnalisée, clé d’une gestion de l’information innovante
L’IA personnalisée, clé d’une gestion de l’information innovanteL’IA personnalisée, clé d’une gestion de l’information innovante
L’IA personnalisée, clé d’une gestion de l’information innovante
 
Gérer ses contenus avec MongoDB et Nuxeo
Gérer ses contenus avec MongoDB et NuxeoGérer ses contenus avec MongoDB et Nuxeo
Gérer ses contenus avec MongoDB et Nuxeo
 
Le DAM en 2021 : Tendances, points clés et critères d'évaluation
Le DAM en 2021 : Tendances, points clés et critères d'évaluationLe DAM en 2021 : Tendances, points clés et critères d'évaluation
Le DAM en 2021 : Tendances, points clés et critères d'évaluation
 
Enabling Digital Transformation Amidst a Global Pandemic | Low-Code, Cloud, A...
Enabling Digital Transformation Amidst a Global Pandemic | Low-Code, Cloud, A...Enabling Digital Transformation Amidst a Global Pandemic | Low-Code, Cloud, A...
Enabling Digital Transformation Amidst a Global Pandemic | Low-Code, Cloud, A...
 
Elevate your Customer's Experience and Stay Ahead of the Competition
Elevate your Customer's Experience and Stay Ahead of the CompetitionElevate your Customer's Experience and Stay Ahead of the Competition
Elevate your Customer's Experience and Stay Ahead of the Competition
 
Driving Brand Loyalty Through Superior Customer Experience
Driving Brand Loyalty Through Superior Customer Experience Driving Brand Loyalty Through Superior Customer Experience
Driving Brand Loyalty Through Superior Customer Experience
 
Drive Enterprise Speed and Scale with A Cloud-Native DAM
Drive Enterprise Speed and Scale with A Cloud-Native DAMDrive Enterprise Speed and Scale with A Cloud-Native DAM
Drive Enterprise Speed and Scale with A Cloud-Native DAM
 
The Big Picture: the Role of Video, Photography, and Content in Enhancing the...
The Big Picture: the Role of Video, Photography, and Content in Enhancing the...The Big Picture: the Role of Video, Photography, and Content in Enhancing the...
The Big Picture: the Role of Video, Photography, and Content in Enhancing the...
 
How Creatives Are Getting Creative in 2020 and Beyond
How Creatives Are Getting Creative in 2020 and BeyondHow Creatives Are Getting Creative in 2020 and Beyond
How Creatives Are Getting Creative in 2020 and Beyond
 
Digitalisation : Améliorez la collaboration et l’expérience client grâce au DAM
Digitalisation : Améliorez la collaboration et l’expérience client grâce au DAMDigitalisation : Améliorez la collaboration et l’expérience client grâce au DAM
Digitalisation : Améliorez la collaboration et l’expérience client grâce au DAM
 
Reimagine Your Claims Process with Future-Proof Technologies
Reimagine Your Claims Process with Future-Proof TechnologiesReimagine Your Claims Process with Future-Proof Technologies
Reimagine Your Claims Process with Future-Proof Technologies
 
Comment le Centre Hospitalier Laborit dématérialise ses processus administratifs
Comment le Centre Hospitalier Laborit dématérialise ses processus administratifsComment le Centre Hospitalier Laborit dématérialise ses processus administratifs
Comment le Centre Hospitalier Laborit dématérialise ses processus administratifs
 
Accelerating the Packaging Design Process with Artificial Intelligence
Accelerating the Packaging Design Process with Artificial IntelligenceAccelerating the Packaging Design Process with Artificial Intelligence
Accelerating the Packaging Design Process with Artificial Intelligence
 

Recently uploaded

CNv6 Instructor Chapter 6 Quality of Service
CNv6 Instructor Chapter 6 Quality of ServiceCNv6 Instructor Chapter 6 Quality of Service
CNv6 Instructor Chapter 6 Quality of Service
giselly40
 
Artificial Intelligence: Facts and Myths
Artificial Intelligence: Facts and MythsArtificial Intelligence: Facts and Myths
Artificial Intelligence: Facts and Myths
Joaquim Jorge
 
EIS-Webinar-Prompt-Knowledge-Eng-2024-04-08.pptx
EIS-Webinar-Prompt-Knowledge-Eng-2024-04-08.pptxEIS-Webinar-Prompt-Knowledge-Eng-2024-04-08.pptx
EIS-Webinar-Prompt-Knowledge-Eng-2024-04-08.pptx
Earley Information Science
 

Recently uploaded (20)

Finology Group – Insurtech Innovation Award 2024
Finology Group – Insurtech Innovation Award 2024Finology Group – Insurtech Innovation Award 2024
Finology Group – Insurtech Innovation Award 2024
 
Workshop - Best of Both Worlds_ Combine KG and Vector search for enhanced R...
Workshop - Best of Both Worlds_ Combine  KG and Vector search for  enhanced R...Workshop - Best of Both Worlds_ Combine  KG and Vector search for  enhanced R...
Workshop - Best of Both Worlds_ Combine KG and Vector search for enhanced R...
 
Understanding Discord NSFW Servers A Guide for Responsible Users.pdf
Understanding Discord NSFW Servers A Guide for Responsible Users.pdfUnderstanding Discord NSFW Servers A Guide for Responsible Users.pdf
Understanding Discord NSFW Servers A Guide for Responsible Users.pdf
 
Automating Google Workspace (GWS) & more with Apps Script
Automating Google Workspace (GWS) & more with Apps ScriptAutomating Google Workspace (GWS) & more with Apps Script
Automating Google Workspace (GWS) & more with Apps Script
 
CNv6 Instructor Chapter 6 Quality of Service
CNv6 Instructor Chapter 6 Quality of ServiceCNv6 Instructor Chapter 6 Quality of Service
CNv6 Instructor Chapter 6 Quality of Service
 
Data Cloud, More than a CDP by Matt Robison
Data Cloud, More than a CDP by Matt RobisonData Cloud, More than a CDP by Matt Robison
Data Cloud, More than a CDP by Matt Robison
 
Apidays Singapore 2024 - Building Digital Trust in a Digital Economy by Veron...
Apidays Singapore 2024 - Building Digital Trust in a Digital Economy by Veron...Apidays Singapore 2024 - Building Digital Trust in a Digital Economy by Veron...
Apidays Singapore 2024 - Building Digital Trust in a Digital Economy by Veron...
 
A Year of the Servo Reboot: Where Are We Now?
A Year of the Servo Reboot: Where Are We Now?A Year of the Servo Reboot: Where Are We Now?
A Year of the Servo Reboot: Where Are We Now?
 
Artificial Intelligence: Facts and Myths
Artificial Intelligence: Facts and MythsArtificial Intelligence: Facts and Myths
Artificial Intelligence: Facts and Myths
 
Boost PC performance: How more available memory can improve productivity
Boost PC performance: How more available memory can improve productivityBoost PC performance: How more available memory can improve productivity
Boost PC performance: How more available memory can improve productivity
 
The Role of Taxonomy and Ontology in Semantic Layers - Heather Hedden.pdf
The Role of Taxonomy and Ontology in Semantic Layers - Heather Hedden.pdfThe Role of Taxonomy and Ontology in Semantic Layers - Heather Hedden.pdf
The Role of Taxonomy and Ontology in Semantic Layers - Heather Hedden.pdf
 
The 7 Things I Know About Cyber Security After 25 Years | April 2024
The 7 Things I Know About Cyber Security After 25 Years | April 2024The 7 Things I Know About Cyber Security After 25 Years | April 2024
The 7 Things I Know About Cyber Security After 25 Years | April 2024
 
EIS-Webinar-Prompt-Knowledge-Eng-2024-04-08.pptx
EIS-Webinar-Prompt-Knowledge-Eng-2024-04-08.pptxEIS-Webinar-Prompt-Knowledge-Eng-2024-04-08.pptx
EIS-Webinar-Prompt-Knowledge-Eng-2024-04-08.pptx
 
Axa Assurance Maroc - Insurer Innovation Award 2024
Axa Assurance Maroc - Insurer Innovation Award 2024Axa Assurance Maroc - Insurer Innovation Award 2024
Axa Assurance Maroc - Insurer Innovation Award 2024
 
How to convert PDF to text with Nanonets
How to convert PDF to text with NanonetsHow to convert PDF to text with Nanonets
How to convert PDF to text with Nanonets
 
Tata AIG General Insurance Company - Insurer Innovation Award 2024
Tata AIG General Insurance Company - Insurer Innovation Award 2024Tata AIG General Insurance Company - Insurer Innovation Award 2024
Tata AIG General Insurance Company - Insurer Innovation Award 2024
 
08448380779 Call Girls In Greater Kailash - I Women Seeking Men
08448380779 Call Girls In Greater Kailash - I Women Seeking Men08448380779 Call Girls In Greater Kailash - I Women Seeking Men
08448380779 Call Girls In Greater Kailash - I Women Seeking Men
 
Scaling API-first – The story of a global engineering organization
Scaling API-first – The story of a global engineering organizationScaling API-first – The story of a global engineering organization
Scaling API-first – The story of a global engineering organization
 
Factors to Consider When Choosing Accounts Payable Services Providers.pptx
Factors to Consider When Choosing Accounts Payable Services Providers.pptxFactors to Consider When Choosing Accounts Payable Services Providers.pptx
Factors to Consider When Choosing Accounts Payable Services Providers.pptx
 
The Codex of Business Writing Software for Real-World Solutions 2.pptx
The Codex of Business Writing Software for Real-World Solutions 2.pptxThe Codex of Business Writing Software for Real-World Solutions 2.pptx
The Codex of Business Writing Software for Real-World Solutions 2.pptx
 

Using Smart Technologies to Transform Legacy Data into Business Value

  • 1. Underwritten by: Using Smart Technologies To Transform Legacy Data into Business Value David Jones & Norman Wren
  • 2. Underwritten by: Introductions 3 1 David Jones ▪ VP Product Marketing ▪ Nuxeo 2 Norman Wren ▪ Former Technical and Operations Director ▪ Santander
  • 3. Underwritten by: Digital Transformation – A Reality Check Data is a Ticking Time Bomb Q&A 1 2 3 Agenda
  • 4. Underwritten by: Introductions 6 David Jones ▪ VP of Product Marketing ▪ Nuxeo ▪ @InstinctiveDave 2 Norman Wren ▪ Former Technical and Operations Director ▪ Santander Digital Transformation A Reality Check
  • 5. Underwritten by: Digital Transformation in Financial Services Massive Spend Average $42M in 2018 Rising to $45M in 2019 Purpose 66% Customer facing innovations Success? 88% Project delayed, reduced scope, or cancelled 26% Digital Transformation= Insurmountable Task Statistics courtesy of Couchbase
  • 6. Underwritten by: “Everyone who hears these words of mine, and doesn't do them will be like a foolish man, who built his house on the sand. The rain came down, the floods came, and the winds blew, and beat on that house; and it fell—and great was its fall.” — Matthew 7:24–27
  • 7. Underwritten by: Building on Sand? Legacy Systems Disconnected Systems Search not find Customer Experience Mobile & Web Apps Performance & Scalability
  • 8. Underwritten by: #AIIMYour Digital Transformation Begins with Intelligent Information Management Data is a Ticking Time Bomb How to successfully defuse it by leveraging smart technology – Norman Wren
  • 9. Underwritten by: Why is this important? Customer expectation: Customer in control Unlimited data access Always on 24 x 7 Real time Added value services Regulation : Customer rights Data portability Open access to third parties Remediation of historic practices Internal driver: Exploit data assets
  • 10. Underwritten by: Legacy Data Challenges • Fragmented data ; not real time; internal view; unstructured data; access limited • Multiple formats; limited documentation; knowledge gap • Integrity within applications not across; degradation over time • Security and data leakage • Obsolescence • Compliance with regulation • Cost of Change; time to market ; consolidation of data stores. • Architecture and technology compatibility • BAU Running costs • No scalability; access limitations; poor schema design Access Data Quality and Integrity Risk Cost Performance
  • 11. Underwritten by: Value: 3 Basic Requirements ➢ Find Data ➢ Document attributes and meaning ➢ Understand usage and context ➢ Define architecture ➢ Set usage, access and security rules ➢ Build governance and ownership ➢ Organize around common business purposes ➢ Make accessible through common access layer ➢ Use metadata to organize and add value ➢ Build new capabilities – data driven Understand the Data Manage the Data Exploit the Data 3 1 2
  • 12. Underwritten by: Considerations Archaeology: Find and document data and how used Architecture: Define data architecture and principles Data ECO system: Distributed data Define data usage: Update; query; analytics Common Layer: To bridge technologies Scaleability: Cloud processing; distributed data Ownership: Governance and accountability
  • 13. Underwritten by: Key Points “Data as an Asset” needs: • Clear ownership and accountability • Knowledge and documentation meta data • Clear understanding of usage and value • Data architects and engineers • Architectural readiness • Capability • Data strategy
  • 14. Underwritten by: Stick or Twist? ➢ Obsolescence ➢ Security ➢ Maintenance ➢ Cost ➢ Risk ➢ Cost ➢ Risk ➢ Data Quality ➢ Integrity ➢ Business case ➢ Less Risk ➢ Unlock assets ➢ Bridge old and new ➢ Create data eco system for the future Do Nothing Big Bang Migration Co-Existence/ Common Layer
  • 15. Underwritten by: Summary • Data knowledge and documentation fundamental • Hard work and time consuming • Clear target architecture addressing data • Technology stack and data usage • Common layer to separate data from business processing • Avoid migration if possible • Avoid pitfall of access in situ • Define common business purposes • Build road map • Balance value, cost and risk • Invest in capability
  • 16. Underwritten by: Thank You www.nuxeo.com Twitter: @instinctivedave Email: djones@Nuxeo.com