4 Steps To Implement &/or Transform Your Data Strategy

Appropriated from the U.S. Navy SEAL’s formula for establishing mastery – IAPE:

IDENTIFY

• • Why     example –   data ripples across all parts of your business, a 3000′ view:
    • Marketing, Advertising = Reach
    • Marketshare, Economics = political, environmental trends
    • Product, Service, Technology = Operations costs
    • Pricing, Vendors, Distribution = Sales costs
    • Staffing, Office/Facilities = Overhead
    • Research, Development = future trends, offerings
  • What     example – needs for your business, a 3000′ view:
    • Sources, assets
    • Infrastructure, tools, applications, platforms
    • Security
  • How     example – practices enable resilient operations, a 3000′ view:
    • Capture, combine
    • Govern quality & access
    • Risk, compliance management
    • Analytics, data sciences
    • Storytelling, strategy

ASSESS

• • for each of the parts/practices identified above, how is it performing – serving you?
    • good                                                  green
    • weak                                                  yellow
    • missing, not doing well enough     red

PRIORITIZE

• • approach your transformation such that you first focus on aspect that makes greatest impact (has widest/deepest reach) across your operations
  • iteratively “prioritizing by power” will culminate in total transformation

EXECUTE, EVOLVE

• • in such a way that:
    • sets your business’s data to be ‘cared for’ into the future
    • enables you to be ‘ambitiously lazy’ – your focus remains on your product/service offer

Stay tuned for deeper diving / developmental content – I’ll be sharing my knowledge from 15yr corporate experience & how I am drawing from that experience on my ‘Porteolas’ journey.

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