Are you looking for the secret to developing an analytics strategy and roadmap? Start with an AVR.
What is an AVR?
AVR is the acronym describing a methodology for establishing a personalized and actionable enterprise Business Intelligence (BI) or Analytics Strategy, spanning the core activities of Assessment, Vision and Roadmap. It is an engagement model that guides an organization through an enhanced gap analysis which results in an agreed upon roadmap for future success that is demonstrable and measurable.
AVR seeks to answer three critical questions:
What are you capable of today?
What would you like to be capable of tomorrow?
How will those new capabilities transform your business?
The assessment step of an AVR looks at people, process, technology, and data. It identifies challenges and opportunities by looking at the ways your organization operates. Within an assessment, questions like “What data do I wish I had access to?” and “Are we using these tools to the fullest advantage?” are answered by members across the organization.
Data assessments first begin with maturity. Within an AVR, you can review core data governance challenges and opportunities by reviewing Data Architecture, Program Management, Metadata Management, Data Quality, and Security and Privacy. All of those events combine as a part of CCG’s Data Governance Framework.
We believe, however, that people are the most important element of an analytics strategy initiative, because data has no power without people. Transforming into a data-driven organization requires change in leadership and culture, and to drive change you need change agents.
A good vision serves as the destination for your analytics journey. Companies invest in BI solutions for many reasons. Some are focused on a single version of the truth or reducing repetition in reporting. Others are embracing a decentralized, self-service model where individuals are given the tools to drive their own analysis. Regardless of the reasoning behind any initial investment, the future vision of BI capabilities must consider all of the purposes data and analytics can serve within an organization now that these capabilities are possible.
BI teams need to work with the various lines of business to ensure that all your visionary departments are being served with regular data and insights. If the solution cannot expand to fulfill every department’s needs, IT can bring in external consultants to deploy additional resources in a controlled environment that aligns with the overall strategy.
Before any BI effort commences, and periodically after one has been deployed, we recommend a review of the intended destination, to determine if the data environment that was built is still the right one. This can be accomplished through writing a clear vision statement. When crafting your new vision statement, try to avoid vague or overly technical vocabulary. Focus on defining a vision for business outcomes that can be supported by BI initiatives.
Start by asking these two questions when crafting a vision statement:
What would you like to be able to do with data/ information that you cannot do today?
How would that transform the way you do business?
Once a vision is in place, and an organization understands where they stand both currently and progressively across people, processes, technology, and data; you have identified your gap. Now it’s time to craft your analytics roadmap to close that gap.
A business intelligence roadmap is a planned and prioritized series of initiatives, including required processes, and organizational development, that drives your organization towards an agreed upon vision of a successful future state. In a literal sense, the BI Roadmap should resemble a Gantt chart that maps out projects in chronological order, prioritized by urgency, ease and bandwidth, with clearly identified milestones, metrics for success and demonstrable business benefit. The length of your roadmap can only be as long as the time it takes you to accomplish your vision, which should not be more than 24 months in the future. Typically, the roadmaps we help produce through the AVR process range from 9 to 15 months, depending on the amount of work required.
Your completed roadmap should do more than mandate a list of projects, it should tell a story of how your company will innovate and transform through enhanced business processes. The Roadmap should be short enough that it does not need to be considered a living, breathing document. It should be an established guideline that will ensure your overall strategy is adopted, if the roadmap is followed. At the end of your roadmap timeline, it will be time to create a new vision statement.
Bringing it Together
A roadmap can tell you directionally where your next sharp turn is, but an experienced driver knows how to track conditions, estimate weather, and foresee other bumps in the road which might affect their path. That’s the value of partnering with an experienced consultancy like CCG on your BI Strategy. It’s an investment that can save you time and money in the long run.
Written by CCG, an organization in Tampa, Florida, that helps companies become more insights-driven, solve complex challenges and accelerate growth through industry-specific data and analytics solutions.
CCG understood our project needs very well, they are very responsive and we could not ask for anything more. The solution they provided fit perfectly with our expectations and business goals.GOP Data TrustChief Data Officer
I cannot overstate the delight we experienced from the outcome of our project. I would not only recommend CCG to any company, but question why they would engage with anyone but CCG.PgiDirector of Customer Success
Working with CCG is like working with extended team members. Consultants become an integral part of the work bringing expertise for cutting edge design and development.Hillsborough County Public SchoolsChief Information and Technology Officer
CCG's team is positive and eager. They are a great big bunch of wonderful people trying to make a difference.Hillsborough County Public SchoolsDepartment Manager
I knew CCG's technical expertise and dedication to quality results would be invaluable to our project success based on our past partnerships. We could not have implemented in the short timeframe like we did without their assistance. CCG is #1 on my speed dial for successful project implementation.InCommDirector, Financial Information Systems
It was evident from the onset of negotiations through the implementation that CCG took their role in the partnership to heart and we believe it has been instrumental in our success.Interval InternationalDirector of Marketing
CCG works very hard to understand and align with our needs. It truly feels as though we are on the same team!Fortune 500 HomebuilderBI Manager
CCG came to our company in a time of much change. Their team partnered with ours, continually delivering with professionalism and efficiency. We would not be where we are today without the expertise CCG brought to the project.PSCU Financial ServicesSenior Program Manager
CCG has a good industry knowledge, we are very happy that we chose to work with CCG. They have been a great help strategically and are helping us make important decisions.Minneapolis Public SchoolsHuman Capital Coordinator
Other Vendors use the word Partnership, but CCG actually means what they say. I can’t thank them enough for their professionalism and willingness to work with us as a true Partner, not just another vendor.PODSCIO
Our CCG Consultants are total rock stars: very thorough with a solid knowledge of the financial services industry. As a bonus, they are very easy to get along with – a great fit for our team.Raymond James Financial ServicesSenior Manager of Enterprise Data
CCG's team are all amazing. Thank you, CCG, for all that you do to make us great and keep our credit unions moving forward!PSCU Financial ServicesVP Enterprise Analytics & BI
Other Vendors use the word Partnership, but CCG actually means what they say. I can’t thank them enough for their professionalism and willingness to work with us as a true Partner, not just another vendor.PODSChief Information Officer
CCG's Team is very professional and responsive. They are making our job very easy.Rollins, Inc.Senior BI Analyst
CCG did an excellent job! Their team was very flexible. They gave us everything we asked for and then some.Rooms To GoSenior BI Architect
I'm amazed at the talent at CCG, not just the skillset - they're really good people. We've already referred them once and will do so again!Ruth's Chris Hospitality GroupCIO
CCG did a great job! We're extremely impressed with what was built in a short time. CCG has delivered ahead of time and with best practices, it's been a pleasure to work with them.VologyVP of Analytics
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