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As the regulatory landscape evolves with increasing demands on data, developing maturity in foundational data capabilities will ensure each regulatory wave is not a reactionary remediation programme, simply a new requirement that can be met effectively via BAU data capabilities.
As the footprint and influence of data increases, regulatory requirements will continue to put pressure on your Data Capabilities, strengthening them is a necessity.
Utilising industry standards to incrementally strengthen your data capabilities has many benefits over a regulation-by-regulation approach.
Agility
Effectiveness
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Speed
Cost Efficient
Embedded data practices enable agile responses to regulatory changes, avoiding the significant effort and inflexibility inherent in repeated project-based implementations
Data management practices refined over time to your organisation, guarantee compliance, whereas a fragmented approach hinders the development of expertise, jeopardising compliance
A ready framework and baseline enable speedy delivery through immediate action, avoiding the pre-activity resourcing and development required by a project-based approach
An optimised BAU structure is the most economical, avoiding the cost duplication of standing up isolated, single-purpose capabilities whenever a new regulatory requirement arises
Through our experience of delivering multiple data transformation change programmes across FTSE 100 clients and Government sectors, we have developed a number of frameworks and accelerators to enable organisations to take a surgical approach to strengthen foundational data capabilities across data governance, quality and architecture to increased data maturity and democratise data.
These foundational capabilities are fundamental to delivering business outcomes and a sustainable approach to regulatory compliance.
Effective data ownership and stewardship ensures data can be leveraged to drive business outcomes and for regulatory requirements.
Continuous monitoring and remediation of data issues will increase trust in data, enabling teams to drive more value efficiently.
Managing data silos and ensuring the continuous flow of trusted data ensures access to the right data at the right time.
Increase discoverability of data products, improving access and reuse of key data assets across the enterprise.
Single, consistent, trusted source of data across systems and processes, ensuring data consumers access the right data.
A data Maturity Assessment brings clarity to your data maturity pathway enabling you to identify and drive real action and outcomes via 3 phases:
Strategic Business Alignment & Scoping
Accelerated Data Maturity Assessment
Target Data Blueprint
Understand your strategic business priorities and daily data challenges (regulatory and beyond) and determine which data capabilities to target as part of the data maturity assessment.
Diagnose the root cause of challenges and strategic blockers by assessing your data capabilities including governance, culture and technology lenses.
Define a business outcomes focused data roadmap, driving incremental change through data capability uplifts across the maturity journey including quick wins to deliver tangible business outcomes.
Our data capability model and data maturity assessments provide the building blocks to tailor your data maturity journey, through targeted uplifts of data capabilities to realise business outcomes. It could be that you are establishing data governance to increase discoverability and accessibility of data; enabling and accelerating data analytics and data science; strengthening your approach to regulatory compliance and minimising data risks across your organisation. Our approach enables you to deliver against all of these and more.