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Sponsoring Data Initiatives: Coverage

Datapreneur Khyanafi
pbinsightz post page

Prakash Baskar

September 19, 2020

minutes remaining

How can a sponsor increase the success rate of data and analytics initiatives? (C5: Coverage)

The biggest opportunity loss with leveraging data & analytics occurs when the focus is just on the current problem.

Problems need to be solved, but the definition of the problem must be expanded by identifying synergies across the business value chain.

Are you DREAMING BIG?

What does it mean? An example to illustrate.

We are working on an analytics opportunity to improve supplier parts quality for a manufacturer. The initial focus is to identify the part and supplier-related issues, improving the inspection process and considering defects and supply chain issues.

As we looked across the value-chain, the same aspects are also applicable to customer experience as it relates to warranty issues requiring a part fix or replacement.

There will be such amazing opportunities for expanded coverage in each of your areas/organizations.

It’s your budget, why not use it to achieve wider results?

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