The blog is written to share some of our experiences from a recent project where Data Management roadmap is being implemented for a strategic BI project. The client is one of the premium Internet security providers across the Globe.
A Data Management roadmap for a successful BI Analytical Solution
Organizations have a tough task to retain the current business growth, and are examining ways to retain the existing customers, comply with regulations and optimize spend on the operational/capital budgets on strategic plans to achieve the target business growth. To enable a better decision making process, Organizations are opting for business intelligence solutions across the industries.
In large organizations, data volumes and process complexity are growing at a faster pace. Organizations have realized the fact, that Information is a key asset and data collection will be a key factor for competitive advantage and achieve business goals.
The enormous growth of data volumes are adding challenges to the IT teams to optimize the infra-structure and improve the response times. The rising data volumes and complexity have resulted in higher maintenance costs for data retrieval, data integration & data access activities. The expectation of business users to view the critical data down to item level should be available at point-of-decision. These challenges are leading the IT organizations to build BI solutions with advanced analytical capabilities to handle larger data volumes of internal & external data sources.
The key challenge is the data management as understood from the Industry executives, is to integrate the disparate legacy systems & data complexity into BI framework.
Key challenges of BI analytical solutions in the context of a new Software implementation include:
Identifying all the data sources for the BI applications
Growing complexity of data connected to the BI systems due to dynamic conditions impacting business scenarios
Latency of information required for Job performance
Data growth from the connected systems
IT infra-structure and Data integration for new data sources
Decision Technologies is currently engaged in delivering a data management roadmap for a BI project with Internet software provider. The client business had grown over years with acquisitions and this resulted in multiple systems and databases into business solution landscape.
Our Approach to address the Data Management challenges
Initiate workshops/discussions with the business owners to understand the Process and the Data associated with the business scenarios for the BI Solution
Map the processes and the data associated to optimize the data models
Focus on the data quality requirements to make the data ready for business process in the BI Solution
Design a flexible data architecture which supports integration with multiple data sources
Develop a Data governance process to bring agreement within the internal parties on data elements, KPI’s and metrics.