Tietoevry and Joshua Consulting show potential for future-oriented use of data
The top business questions have always been the same: How do I earn my money? Are we focussing on the right product? And how can I plan the future of the company in the best possible way?
One thing in particular has changed with all these exciting questions: the complexity of our economic environment and the speed at which parameters change. In the process, we quickly come to a very special realisation: a suitable database is essential for dealing with the issues of the future! The vast majority of companies therefore also understand the need for a practicable digitalisation strategy and corresponding data management.
Joshua Consulting and Tietoevry take care of how to handle existing data and create relevant data for your own business. The leading IT service provider and the experienced management consultants are pooling their expertise when it comes to identifying data potential for CFOs.
Away from data graveyards and towards the creation of competitive advantages. It is important to actively shape the added value of data!
Experience has shown that organisations view this topic from either a business or technical perspective. As a result, the potential within the company is often utilised one-sidedly and cannot be fully realised. A ‘one-stop shop’ approach is not only more cost-effective in the long term, but also promises more robust results. Have you already made several, ultimately futile, attempts to master the topic of ‘data’? Our tip: A holistic approach brings more!
We recommend focussing on the insights generated and the added value of the data used right from the start. This puts a stop to theoretical mountains of paper on the one hand and isolated, technical approaches on the other. Embedded in a personalised digitalisation strategy, the aim is to make the handling of data feasible, smart and affordable. After all, feasible implementation always achieves a measurable impact.
The big picture through a holistic approach
In order to analyse the most important issues from an economic perspective, a company needs to focus on the conception and mapping of relevant data (KPIs) and the simple use of this data in business management systems. The data is embedded in a ‘clean’ data management system. For quick and easy access, of course. This requires a technically efficient database. Data is processed using various methods (e.g. predictive analytics or artificial intelligence) and finally visualised. This approach can be found in the company’s digitalisation strategy.
Such data projects usually lead to a change in the affected company processes or to new roles within the company. For this reason, we recommend an accompanying change management. The unspoken fears of those involved (loss of power, lack of trust, fear of redundancy) are often the biggest obstacle to a successful implementation.
For us as digitalisation experts in collaboration with Joshua Consulting, the increasingly intertwined working methods of the individual specialist departments with IT are a guarantee of success. By combining business and technology, we ensure that the focus is on customer requirements and the resulting business value in all phases of the project.
Implementing a solution that has been tried and tested in practice and used multiple times also ensures that insights from the data are available in a solution that is available 24/7. The robustness of the implementation also plays a key role. The methods used should therefore be as simple as possible, but as complex as necessary. The aim is to optimally cover the task at hand.
In this way, findings from consulting and data processing are provided in a solution and proposed in concrete measures. These can then trigger actions directly or via interfaces to ensure added value. Agility is another important factor in a constantly changing world. The solution must therefore scale with the requirements, including the ability to integrate future requirements. The system grows, adapts and constantly improves. Co-ordinated application management as well as service and support are essential. Only if all these points are in harmony can the full potential of the data be realised in concrete actions and used in the long term.
In this sense: business meets technology – especially when it comes to utilising big data potential. Simply steer your way to success. Our experts at Joshua Consulting and Tietoevry will be happy to advise you.
Please feel free to contact Barbara Joshua.