As all companies have got an abundance of business data, turning that raw data into useful information or insight can be the difference between a good year and a great one. Here are some thoughts on how to implement an information data strategy:
1. Management buy-in
To endorse the importance of the strategy, it should have the backing of the management team. If there’s no buy-in from management then it is unlikely that it will get the attention it needs.
2. Everyone’s responsibility
Implementing a company-wide information data strategy, will require the involvement of everyone. It covers all aspects of client engagements, from the receptionist to the board of directors.
3. Information flows
Ensure thorough understanding of how information flows are mapped across your organisation. You may need to consider adapting structures and processes to ensure that all requirements are catered for in terms of information access. Virtual teams, mobile access and home working are just a few examples of how working environments are changing and your strategy should be adaptable to all.
4. Current systems
Don’t be afraid to ask the difficult questions around what you currently have in place, does it meet the requirements for the information flows sufficiently and also is there sufficient integration between all the systems used to update critical information.
Adapt to the requirements of the information flow and suggest new systems if the current ones are inadequate. The key thing is to facilitate the availability of data for where it is needed and easy update of data where and when it’s changing.
Understand the information needs by each stakeholder or key information point by department and gain involvement by making sure everyone feels part of the strategy and its success.
7. New systems
Review the systems used and the information flows regularly to ensure that the strategy can adapt with changing requirements for information and flows.
If you want to know more about virtualROI’s data services, please visit: www.virtualroi.com/data/