SlideShare a Scribd company logo
1 of 17
Download to read offline
3STEPS
FOR BREAKING DOWN
DATA & ANALYTIC
SILOS
73%
OF COMPANIES
CONSIDER THEMSELVES
ANALYTICALLY DRIVEN*
*2016 State of Enterprise Analytics, Dun & Bradstreet &
TechValidate, 3/16
YET ONLY
38%SHARE INSIGHTS
OUTSIDE OF THEIR
DEPARTMENT*
*2016 State of Enterprise Analytics, Dun & Bradstreet &
TechValidate, 3/16
SILOS ARE BARRIERS TO GROWTH
One of the biggest challenges enterprises face is trying to gleam insights from data
that’s trapped in the data silos that exist across business units and organizational
functions.
Data and analytic silos tend to arise naturally in organizations because each department
has different goals, priorities and responsibilities. Silos can also occur when
departments compete with each other instead of working together toward common
business goals.
Despite being viewed as a hindrance to
effective business operations, they remain a
common barrier to growth.
2/3
EXPEREINCE SOME
DEGREE OF SHADOW
(OR ROGUE) DATA
DEPOSITORIES
SILOS ARE ALL TOO COMMON
Unfortunately, silos have made it hard to manage and analyze enterprise-wide data,
making it difficult to identify the type of valuable opportunities that spark growth.
Breaking down silos enables accurate insights
to be leveraged across the entire enterprise.
80%
REPORT HIGH OR
MODERATE DEGREES
OF DATA SILOS
69%
ARE UNABLE TO
PROVIDE A
COMPREHENSIVE,
SINGLE CUSTOMER VIEW
*Big Data Insights and Opportunities, CompTIA, 9/14
COMMON OBSTACLES
CAUSING SILOS3
MEASURING DIFFERENT THINGS1
HAVING DIFFERENT GOALS2
A RELUCTANCE TO SHARE3
Organizations must break down silos and connect
disparate databases to form relationships. This is
not an easy process but one that is imperative to
extracting real value out of data.
-Nipa Basu, Chief Analytics Officer, Dun & Bradstreet
STEPS TO BEGIN
BREAKING DOWN DATA
& ANALYTIC SILOS
3
MARKETING
INFORMATION
INSIGHTS
CMO
FINANCE
INFORMATION
INSIGHTS
CFO
SUPPLY CHAIN
INFORMATION
INSIGHTS
CPO
Chances are your organizational structure is
awfully similar to the depiction on the left –
departmental silos with individual leaders
operating independently of each other. It’s
okay if this looks familiar. You’re not alone.
Organizational silos are typically resistant to
change, operating to prevent access to the
information they hold and working hard to
protect its own interests and meet specific
goals.
But don’t stress, there are solutions. It’s no
easy task, but the following 3 steps should
help you slowly eradicate these pesky silo
walls.
Enterprise Analytics Today
MARKETING
INFORMATION
INSIGHTS
CMO
FINANCE
INFORMATION
INSIGHTS
CFO
SUPPLY CHAIN
INFORMATION
INSIGHTS
CPO
CAO
1
Who’s Your Data (Leader)?
To begin making cracks in the silo walls,
every enterprise needs to consider
employing a single analyticsleader that
bridges the disparate departments together
so they can take the analytics tothat next
level.
It’s still debatable whothat crucialanalytics
leader is. Some believe it is the emerging
Chief AnalyticsOfficer but notall companies
may be mature enough tosupport that role.
Ultimately, there should be someonewho
interacts with each of the organizational
leaders. Whatever title you give that person,
there's got to be somebody who can identify
the analytics that’s driving compelling
insights fromthe noiseand understands how
it can be used to drive value acrossthe
enterprise.
MARKETING
INFORMATION
INSIGHTS
CMO
FINANCE
INFORMATION
INSIGHTS
CFO
SUPPLY CHAIN
INFORMATION
INSIGHTS
CPO
CAO
2
It is important for everyone to be on the same page in
how data is defined and collected. Each department’s
definition of a “customer”and “prospect”, for example,
may not always be the same, so be ready to discuss ways
this can be made universal across the enterprise.
Without the benefit of a common master data
dichotomy, data that is of value to one department may
not be recognized by another and often discarded.
What’s more, inconsistent naming conventions lead to
duplicated records. As a result, the information and data
output of these systems may render rich details but
cannot accurately summarize futureopportunities.
What’s more, there is a need for consistent analytics
methodology and connecting the right approach to the
right business problem. If the department creating
prospect lists uses the most advanced method and
creates the best list, but the department responsible for
converting the leads uses primitive methodology – then
the best prospecting list won’t help the company.
Speaking the same language will ensure richerinsights
are produced and shared.
Definingthe Data
MARKETING
INFORMATION
INSIGHTS
CMO
FINANCE
INFORMATION
INSIGHTS
CFO
SUPPLY CHAIN
INFORMATION
INSIGHTS
CPO
CAO
3
When it comes to data, sharingis not always
caring. Legacy platforms andunitary tools
make it hard for departments to seamlessly
talk to one another. That’swhy organizations
need to be open to using an open-source
framework that offers the ability tointegrate
data frommultiple sourcesacross
departments.
This will allowdata to flow fromone system
to another, givingbusinesses the freedomto
collaborate andshare information that can
informfuture insights.
Open It Up
ELIMINATING SILOS LEADS TO
BETTER BUSINESS OUTCOMES
IDENTIFYING INSIGHTS
THAT WOULD HAVE
OTHERWISE BEEN
MISSED
ANALYZING WITH
GREATER SPEED
FOR FASTER
DECISIONS
BETTER
RELATIONSHIPS
ACROSS THE
ORGANIZATION
COST SAVINGS
DUE TO
IMPROVED
EFFICIENCY
BREAK DOWN
THE WALLS…
UNLOCK NEW
OPORTUNITIES
Once you are able to begin breaking down silos, you’re poised
for sophisticated analysis that lets you identify untapped
opportunities across the enterprise. Leveraging advanced
analytics, you can better predict performance and look for
triggers and insights that can forecast unforeseen needs.
Learn how our advanced analytics can
enhance your enterprise-wide insights.

More Related Content

What's hot

Data Architecture for Data Governance
Data Architecture for Data GovernanceData Architecture for Data Governance
Data Architecture for Data Governance
DATAVERSITY
 

What's hot (20)

Data Governance Trends and Best Practices To Implement Today
Data Governance Trends and Best Practices To Implement TodayData Governance Trends and Best Practices To Implement Today
Data Governance Trends and Best Practices To Implement Today
 
MDM and Reference Data
MDM and Reference DataMDM and Reference Data
MDM and Reference Data
 
Data Democratization for Faster Decision-making and Business Agility (ASEAN)
Data Democratization for Faster Decision-making and Business Agility (ASEAN)Data Democratization for Faster Decision-making and Business Agility (ASEAN)
Data Democratization for Faster Decision-making and Business Agility (ASEAN)
 
How to Create and Manage a Successful Analytics Organization
How to Create and Manage a Successful Analytics OrganizationHow to Create and Manage a Successful Analytics Organization
How to Create and Manage a Successful Analytics Organization
 
Data Vault 2.0: Using MD5 Hashes for Change Data Capture
Data Vault 2.0: Using MD5 Hashes for Change Data CaptureData Vault 2.0: Using MD5 Hashes for Change Data Capture
Data Vault 2.0: Using MD5 Hashes for Change Data Capture
 
Data Catalog in Denodo Platform 7.0: Creating a Data Marketplace with Data Vi...
Data Catalog in Denodo Platform 7.0: Creating a Data Marketplace with Data Vi...Data Catalog in Denodo Platform 7.0: Creating a Data Marketplace with Data Vi...
Data Catalog in Denodo Platform 7.0: Creating a Data Marketplace with Data Vi...
 
Snowflake Data Science and AI/ML at Scale
Snowflake Data Science and AI/ML at ScaleSnowflake Data Science and AI/ML at Scale
Snowflake Data Science and AI/ML at Scale
 
Data Architecture for Data Governance
Data Architecture for Data GovernanceData Architecture for Data Governance
Data Architecture for Data Governance
 
Key Elements of a Successful Data Governance Program
Key Elements of a Successful Data Governance ProgramKey Elements of a Successful Data Governance Program
Key Elements of a Successful Data Governance Program
 
Agile Enterprise Data Model & Data Management Solution
Agile Enterprise Data Model & Data Management SolutionAgile Enterprise Data Model & Data Management Solution
Agile Enterprise Data Model & Data Management Solution
 
Government GraphSummit: Leveraging Graphs for AI and ML
Government GraphSummit: Leveraging Graphs for AI and MLGovernment GraphSummit: Leveraging Graphs for AI and ML
Government GraphSummit: Leveraging Graphs for AI and ML
 
Data Staging Strategy
Data Staging StrategyData Staging Strategy
Data Staging Strategy
 
Requirements for a Master Data Management (MDM) Solution - Presentation
Requirements for a Master Data Management (MDM) Solution - PresentationRequirements for a Master Data Management (MDM) Solution - Presentation
Requirements for a Master Data Management (MDM) Solution - Presentation
 
Data Governance — Aligning Technical and Business Approaches
Data Governance — Aligning Technical and Business ApproachesData Governance — Aligning Technical and Business Approaches
Data Governance — Aligning Technical and Business Approaches
 
Smartsheet’s Transition to Snowflake and Databricks: The Why and Immediate Im...
Smartsheet’s Transition to Snowflake and Databricks: The Why and Immediate Im...Smartsheet’s Transition to Snowflake and Databricks: The Why and Immediate Im...
Smartsheet’s Transition to Snowflake and Databricks: The Why and Immediate Im...
 
Enterprise Data Management
Enterprise Data ManagementEnterprise Data Management
Enterprise Data Management
 
Data Governance
Data GovernanceData Governance
Data Governance
 
DAS Slides: Enterprise Architecture vs. Data Architecture
DAS Slides: Enterprise Architecture vs. Data ArchitectureDAS Slides: Enterprise Architecture vs. Data Architecture
DAS Slides: Enterprise Architecture vs. Data Architecture
 
DAS Slides: Building a Data Strategy — Practical Steps for Aligning with Busi...
DAS Slides: Building a Data Strategy — Practical Steps for Aligning with Busi...DAS Slides: Building a Data Strategy — Practical Steps for Aligning with Busi...
DAS Slides: Building a Data Strategy — Practical Steps for Aligning with Busi...
 
The Business Value of Metadata for Data Governance
The Business Value of Metadata for Data GovernanceThe Business Value of Metadata for Data Governance
The Business Value of Metadata for Data Governance
 

Similar to 3 Steps for Breaking Down Data & Analytic Silos

iabsg_dataroundtable
iabsg_dataroundtableiabsg_dataroundtable
iabsg_dataroundtable
Peter Hubert
 
Workforce Analytics-Big Data in Talent Development_2016 05
Workforce Analytics-Big Data in Talent Development_2016 05Workforce Analytics-Big Data in Talent Development_2016 05
Workforce Analytics-Big Data in Talent Development_2016 05
Rob Abbanat
 

Similar to 3 Steps for Breaking Down Data & Analytic Silos (20)

Are you data driven
Are you data drivenAre you data driven
Are you data driven
 
How To Transform Your Analytics Maturity Model Levels, Technologies, and Appl...
How To Transform Your Analytics Maturity Model Levels, Technologies, and Appl...How To Transform Your Analytics Maturity Model Levels, Technologies, and Appl...
How To Transform Your Analytics Maturity Model Levels, Technologies, and Appl...
 
Colab 2019 Making Sense of the Data That Matters
Colab 2019 Making Sense of the Data That MattersColab 2019 Making Sense of the Data That Matters
Colab 2019 Making Sense of the Data That Matters
 
Who Should Own Big Data
Who Should Own Big DataWho Should Own Big Data
Who Should Own Big Data
 
Big data web
Big data webBig data web
Big data web
 
DSA Presentation 4
DSA Presentation 4DSA Presentation 4
DSA Presentation 4
 
Making advanced analytics work for you
Making advanced analytics work for youMaking advanced analytics work for you
Making advanced analytics work for you
 
The value of big data
The value of big dataThe value of big data
The value of big data
 
Analytics Isn’t Enough To Create A Data–Driven Culture
Analytics Isn’t Enough To Create A Data–Driven CultureAnalytics Isn’t Enough To Create A Data–Driven Culture
Analytics Isn’t Enough To Create A Data–Driven Culture
 
iabsg_dataroundtable
iabsg_dataroundtableiabsg_dataroundtable
iabsg_dataroundtable
 
Data Integration: Creating a Trustworthy Data Foundation for Business Intelli...
Data Integration: Creating a Trustworthy Data Foundation for Business Intelli...Data Integration: Creating a Trustworthy Data Foundation for Business Intelli...
Data Integration: Creating a Trustworthy Data Foundation for Business Intelli...
 
Raise your Brand's Analytics IQ - Annotated Version
Raise your Brand's Analytics IQ - Annotated VersionRaise your Brand's Analytics IQ - Annotated Version
Raise your Brand's Analytics IQ - Annotated Version
 
Analytics 101
Analytics 101Analytics 101
Analytics 101
 
Do you have a holistic data strategy .pdf
Do you have a holistic data strategy .pdfDo you have a holistic data strategy .pdf
Do you have a holistic data strategy .pdf
 
Big Data and Analytics: The New Underpinning for Supply Chain Success? - 17 F...
Big Data and Analytics: The New Underpinning for Supply Chain Success? - 17 F...Big Data and Analytics: The New Underpinning for Supply Chain Success? - 17 F...
Big Data and Analytics: The New Underpinning for Supply Chain Success? - 17 F...
 
Odgers Berndtson and Unico Big Data White Paper
Odgers Berndtson and Unico Big Data White PaperOdgers Berndtson and Unico Big Data White Paper
Odgers Berndtson and Unico Big Data White Paper
 
Data democratization the key to future proofing data culture
Data democratization the key to future proofing data cultureData democratization the key to future proofing data culture
Data democratization the key to future proofing data culture
 
Making Advanced Analytics Work for You
Making Advanced Analytics Work for You Making Advanced Analytics Work for You
Making Advanced Analytics Work for You
 
Workforce Analytics-Big Data in Talent Development_2016 05
Workforce Analytics-Big Data in Talent Development_2016 05Workforce Analytics-Big Data in Talent Development_2016 05
Workforce Analytics-Big Data in Talent Development_2016 05
 
1.The Common Types of Organizational Structure.pdf
1.The Common Types of Organizational Structure.pdf1.The Common Types of Organizational Structure.pdf
1.The Common Types of Organizational Structure.pdf
 

More from Dun & Bradstreet

More from Dun & Bradstreet (20)

D&B Optimizer – Dun & Bradstreet Account and Lead Data for Salesforce
D&B Optimizer – Dun & Bradstreet Account and Lead Data for SalesforceD&B Optimizer – Dun & Bradstreet Account and Lead Data for Salesforce
D&B Optimizer – Dun & Bradstreet Account and Lead Data for Salesforce
 
Have Better Conversations with D&B Hoovers
Have Better Conversations with D&B HooversHave Better Conversations with D&B Hoovers
Have Better Conversations with D&B Hoovers
 
How to Combat Slow Payments
How to Combat Slow PaymentsHow to Combat Slow Payments
How to Combat Slow Payments
 
The B2B Data Activation Priority
The B2B Data Activation PriorityThe B2B Data Activation Priority
The B2B Data Activation Priority
 
D&B Spend Intelligence
D&B Spend Intelligence D&B Spend Intelligence
D&B Spend Intelligence
 
2018 Global Outlook Webinar
2018 Global Outlook Webinar2018 Global Outlook Webinar
2018 Global Outlook Webinar
 
The 2017 State of B2B Sales and Marketing
The 2017 State of B2B Sales and MarketingThe 2017 State of B2B Sales and Marketing
The 2017 State of B2B Sales and Marketing
 
Best Practices in Global Risk Management
Best Practices in Global Risk Management Best Practices in Global Risk Management
Best Practices in Global Risk Management
 
Taking an Analytical Approach to Sales Acceleration
Taking an Analytical Approach to Sales AccelerationTaking an Analytical Approach to Sales Acceleration
Taking an Analytical Approach to Sales Acceleration
 
Customer Obsessed CFOs Use Predictive Analytics & Drive Revenue
Customer Obsessed CFOs Use Predictive Analytics & Drive RevenueCustomer Obsessed CFOs Use Predictive Analytics & Drive Revenue
Customer Obsessed CFOs Use Predictive Analytics & Drive Revenue
 
Seeing Beneath The Surface - Understand Supply Chain Disruption
Seeing Beneath The Surface - Understand Supply Chain DisruptionSeeing Beneath The Surface - Understand Supply Chain Disruption
Seeing Beneath The Surface - Understand Supply Chain Disruption
 
Analytics Accelerates Into the Mainstream
Analytics Accelerates Into the MainstreamAnalytics Accelerates Into the Mainstream
Analytics Accelerates Into the Mainstream
 
The Rise of the CAO: Why Companies Need a Centralized Analytics Leader
The Rise of the CAO: Why Companies Need a Centralized Analytics LeaderThe Rise of the CAO: Why Companies Need a Centralized Analytics Leader
The Rise of the CAO: Why Companies Need a Centralized Analytics Leader
 
Customer Portfolio Segmentation for Finance
Customer Portfolio Segmentation for FinanceCustomer Portfolio Segmentation for Finance
Customer Portfolio Segmentation for Finance
 
How the CFO can Fuel Sales with Data Inspiration
How the CFO can Fuel Sales with Data InspirationHow the CFO can Fuel Sales with Data Inspiration
How the CFO can Fuel Sales with Data Inspiration
 
Reimagining Enterprise Risk
Reimagining Enterprise RiskReimagining Enterprise Risk
Reimagining Enterprise Risk
 
How Finance & Marketing Can Accelerate Growth with Data Inspiration
How Finance & Marketing Can Accelerate Growth with Data InspirationHow Finance & Marketing Can Accelerate Growth with Data Inspiration
How Finance & Marketing Can Accelerate Growth with Data Inspiration
 
How Credit Departments Can Build Relationships and Drive Growth
How Credit Departments Can Build Relationships and Drive GrowthHow Credit Departments Can Build Relationships and Drive Growth
How Credit Departments Can Build Relationships and Drive Growth
 
Reimagining Enterprise Risk: A Global Study
Reimagining Enterprise Risk: A Global StudyReimagining Enterprise Risk: A Global Study
Reimagining Enterprise Risk: A Global Study
 
2017 Global Economic Outlook by Dun & Bradstreet
2017 Global Economic Outlook by Dun & Bradstreet2017 Global Economic Outlook by Dun & Bradstreet
2017 Global Economic Outlook by Dun & Bradstreet
 

Recently uploaded

Jual Obat Aborsi Surabaya ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
Jual Obat Aborsi Surabaya ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...Jual Obat Aborsi Surabaya ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
Jual Obat Aborsi Surabaya ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
ZurliaSoop
 
Vip Mumbai Call Girls Thane West Call On 9920725232 With Body to body massage...
Vip Mumbai Call Girls Thane West Call On 9920725232 With Body to body massage...Vip Mumbai Call Girls Thane West Call On 9920725232 With Body to body massage...
Vip Mumbai Call Girls Thane West Call On 9920725232 With Body to body massage...
amitlee9823
 
Call Girls Hsr Layout Just Call 👗 7737669865 👗 Top Class Call Girl Service Ba...
Call Girls Hsr Layout Just Call 👗 7737669865 👗 Top Class Call Girl Service Ba...Call Girls Hsr Layout Just Call 👗 7737669865 👗 Top Class Call Girl Service Ba...
Call Girls Hsr Layout Just Call 👗 7737669865 👗 Top Class Call Girl Service Ba...
amitlee9823
 
Junnasandra Call Girls: 🍓 7737669865 🍓 High Profile Model Escorts | Bangalore...
Junnasandra Call Girls: 🍓 7737669865 🍓 High Profile Model Escorts | Bangalore...Junnasandra Call Girls: 🍓 7737669865 🍓 High Profile Model Escorts | Bangalore...
Junnasandra Call Girls: 🍓 7737669865 🍓 High Profile Model Escorts | Bangalore...
amitlee9823
 
Vip Mumbai Call Girls Marol Naka Call On 9920725232 With Body to body massage...
Vip Mumbai Call Girls Marol Naka Call On 9920725232 With Body to body massage...Vip Mumbai Call Girls Marol Naka Call On 9920725232 With Body to body massage...
Vip Mumbai Call Girls Marol Naka Call On 9920725232 With Body to body massage...
amitlee9823
 
FESE Capital Markets Fact Sheet 2024 Q1.pdf
FESE Capital Markets Fact Sheet 2024 Q1.pdfFESE Capital Markets Fact Sheet 2024 Q1.pdf
FESE Capital Markets Fact Sheet 2024 Q1.pdf
MarinCaroMartnezBerg
 
Call Girls In Shalimar Bagh ( Delhi) 9953330565 Escorts Service
Call Girls In Shalimar Bagh ( Delhi) 9953330565 Escorts ServiceCall Girls In Shalimar Bagh ( Delhi) 9953330565 Escorts Service
Call Girls In Shalimar Bagh ( Delhi) 9953330565 Escorts Service
9953056974 Low Rate Call Girls In Saket, Delhi NCR
 
Escorts Service Kumaraswamy Layout ☎ 7737669865☎ Book Your One night Stand (B...
Escorts Service Kumaraswamy Layout ☎ 7737669865☎ Book Your One night Stand (B...Escorts Service Kumaraswamy Layout ☎ 7737669865☎ Book Your One night Stand (B...
Escorts Service Kumaraswamy Layout ☎ 7737669865☎ Book Your One night Stand (B...
amitlee9823
 

Recently uploaded (20)

Edukaciniai dropshipping via API with DroFx
Edukaciniai dropshipping via API with DroFxEdukaciniai dropshipping via API with DroFx
Edukaciniai dropshipping via API with DroFx
 
Sampling (random) method and Non random.ppt
Sampling (random) method and Non random.pptSampling (random) method and Non random.ppt
Sampling (random) method and Non random.ppt
 
Smarteg dropshipping via API with DroFx.pptx
Smarteg dropshipping via API with DroFx.pptxSmarteg dropshipping via API with DroFx.pptx
Smarteg dropshipping via API with DroFx.pptx
 
Jual Obat Aborsi Surabaya ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
Jual Obat Aborsi Surabaya ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...Jual Obat Aborsi Surabaya ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
Jual Obat Aborsi Surabaya ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
 
Capstone Project on IBM Data Analytics Program
Capstone Project on IBM Data Analytics ProgramCapstone Project on IBM Data Analytics Program
Capstone Project on IBM Data Analytics Program
 
CebaBaby dropshipping via API with DroFX.pptx
CebaBaby dropshipping via API with DroFX.pptxCebaBaby dropshipping via API with DroFX.pptx
CebaBaby dropshipping via API with DroFX.pptx
 
Vip Mumbai Call Girls Thane West Call On 9920725232 With Body to body massage...
Vip Mumbai Call Girls Thane West Call On 9920725232 With Body to body massage...Vip Mumbai Call Girls Thane West Call On 9920725232 With Body to body massage...
Vip Mumbai Call Girls Thane West Call On 9920725232 With Body to body massage...
 
Predicting Loan Approval: A Data Science Project
Predicting Loan Approval: A Data Science ProjectPredicting Loan Approval: A Data Science Project
Predicting Loan Approval: A Data Science Project
 
Call Girls Hsr Layout Just Call 👗 7737669865 👗 Top Class Call Girl Service Ba...
Call Girls Hsr Layout Just Call 👗 7737669865 👗 Top Class Call Girl Service Ba...Call Girls Hsr Layout Just Call 👗 7737669865 👗 Top Class Call Girl Service Ba...
Call Girls Hsr Layout Just Call 👗 7737669865 👗 Top Class Call Girl Service Ba...
 
Ravak dropshipping via API with DroFx.pptx
Ravak dropshipping via API with DroFx.pptxRavak dropshipping via API with DroFx.pptx
Ravak dropshipping via API with DroFx.pptx
 
BigBuy dropshipping via API with DroFx.pptx
BigBuy dropshipping via API with DroFx.pptxBigBuy dropshipping via API with DroFx.pptx
BigBuy dropshipping via API with DroFx.pptx
 
Generative AI on Enterprise Cloud with NiFi and Milvus
Generative AI on Enterprise Cloud with NiFi and MilvusGenerative AI on Enterprise Cloud with NiFi and Milvus
Generative AI on Enterprise Cloud with NiFi and Milvus
 
Midocean dropshipping via API with DroFx
Midocean dropshipping via API with DroFxMidocean dropshipping via API with DroFx
Midocean dropshipping via API with DroFx
 
ELKO dropshipping via API with DroFx.pptx
ELKO dropshipping via API with DroFx.pptxELKO dropshipping via API with DroFx.pptx
ELKO dropshipping via API with DroFx.pptx
 
ALSO dropshipping via API with DroFx.pptx
ALSO dropshipping via API with DroFx.pptxALSO dropshipping via API with DroFx.pptx
ALSO dropshipping via API with DroFx.pptx
 
Junnasandra Call Girls: 🍓 7737669865 🍓 High Profile Model Escorts | Bangalore...
Junnasandra Call Girls: 🍓 7737669865 🍓 High Profile Model Escorts | Bangalore...Junnasandra Call Girls: 🍓 7737669865 🍓 High Profile Model Escorts | Bangalore...
Junnasandra Call Girls: 🍓 7737669865 🍓 High Profile Model Escorts | Bangalore...
 
Vip Mumbai Call Girls Marol Naka Call On 9920725232 With Body to body massage...
Vip Mumbai Call Girls Marol Naka Call On 9920725232 With Body to body massage...Vip Mumbai Call Girls Marol Naka Call On 9920725232 With Body to body massage...
Vip Mumbai Call Girls Marol Naka Call On 9920725232 With Body to body massage...
 
FESE Capital Markets Fact Sheet 2024 Q1.pdf
FESE Capital Markets Fact Sheet 2024 Q1.pdfFESE Capital Markets Fact Sheet 2024 Q1.pdf
FESE Capital Markets Fact Sheet 2024 Q1.pdf
 
Call Girls In Shalimar Bagh ( Delhi) 9953330565 Escorts Service
Call Girls In Shalimar Bagh ( Delhi) 9953330565 Escorts ServiceCall Girls In Shalimar Bagh ( Delhi) 9953330565 Escorts Service
Call Girls In Shalimar Bagh ( Delhi) 9953330565 Escorts Service
 
Escorts Service Kumaraswamy Layout ☎ 7737669865☎ Book Your One night Stand (B...
Escorts Service Kumaraswamy Layout ☎ 7737669865☎ Book Your One night Stand (B...Escorts Service Kumaraswamy Layout ☎ 7737669865☎ Book Your One night Stand (B...
Escorts Service Kumaraswamy Layout ☎ 7737669865☎ Book Your One night Stand (B...
 

3 Steps for Breaking Down Data & Analytic Silos

  • 1. 3STEPS FOR BREAKING DOWN DATA & ANALYTIC SILOS
  • 2. 73% OF COMPANIES CONSIDER THEMSELVES ANALYTICALLY DRIVEN* *2016 State of Enterprise Analytics, Dun & Bradstreet & TechValidate, 3/16
  • 3. YET ONLY 38%SHARE INSIGHTS OUTSIDE OF THEIR DEPARTMENT* *2016 State of Enterprise Analytics, Dun & Bradstreet & TechValidate, 3/16
  • 4. SILOS ARE BARRIERS TO GROWTH One of the biggest challenges enterprises face is trying to gleam insights from data that’s trapped in the data silos that exist across business units and organizational functions. Data and analytic silos tend to arise naturally in organizations because each department has different goals, priorities and responsibilities. Silos can also occur when departments compete with each other instead of working together toward common business goals. Despite being viewed as a hindrance to effective business operations, they remain a common barrier to growth.
  • 5. 2/3 EXPEREINCE SOME DEGREE OF SHADOW (OR ROGUE) DATA DEPOSITORIES SILOS ARE ALL TOO COMMON Unfortunately, silos have made it hard to manage and analyze enterprise-wide data, making it difficult to identify the type of valuable opportunities that spark growth. Breaking down silos enables accurate insights to be leveraged across the entire enterprise. 80% REPORT HIGH OR MODERATE DEGREES OF DATA SILOS 69% ARE UNABLE TO PROVIDE A COMPREHENSIVE, SINGLE CUSTOMER VIEW *Big Data Insights and Opportunities, CompTIA, 9/14
  • 10. Organizations must break down silos and connect disparate databases to form relationships. This is not an easy process but one that is imperative to extracting real value out of data. -Nipa Basu, Chief Analytics Officer, Dun & Bradstreet
  • 11. STEPS TO BEGIN BREAKING DOWN DATA & ANALYTIC SILOS 3
  • 12. MARKETING INFORMATION INSIGHTS CMO FINANCE INFORMATION INSIGHTS CFO SUPPLY CHAIN INFORMATION INSIGHTS CPO Chances are your organizational structure is awfully similar to the depiction on the left – departmental silos with individual leaders operating independently of each other. It’s okay if this looks familiar. You’re not alone. Organizational silos are typically resistant to change, operating to prevent access to the information they hold and working hard to protect its own interests and meet specific goals. But don’t stress, there are solutions. It’s no easy task, but the following 3 steps should help you slowly eradicate these pesky silo walls. Enterprise Analytics Today
  • 13. MARKETING INFORMATION INSIGHTS CMO FINANCE INFORMATION INSIGHTS CFO SUPPLY CHAIN INFORMATION INSIGHTS CPO CAO 1 Who’s Your Data (Leader)? To begin making cracks in the silo walls, every enterprise needs to consider employing a single analyticsleader that bridges the disparate departments together so they can take the analytics tothat next level. It’s still debatable whothat crucialanalytics leader is. Some believe it is the emerging Chief AnalyticsOfficer but notall companies may be mature enough tosupport that role. Ultimately, there should be someonewho interacts with each of the organizational leaders. Whatever title you give that person, there's got to be somebody who can identify the analytics that’s driving compelling insights fromthe noiseand understands how it can be used to drive value acrossthe enterprise.
  • 14. MARKETING INFORMATION INSIGHTS CMO FINANCE INFORMATION INSIGHTS CFO SUPPLY CHAIN INFORMATION INSIGHTS CPO CAO 2 It is important for everyone to be on the same page in how data is defined and collected. Each department’s definition of a “customer”and “prospect”, for example, may not always be the same, so be ready to discuss ways this can be made universal across the enterprise. Without the benefit of a common master data dichotomy, data that is of value to one department may not be recognized by another and often discarded. What’s more, inconsistent naming conventions lead to duplicated records. As a result, the information and data output of these systems may render rich details but cannot accurately summarize futureopportunities. What’s more, there is a need for consistent analytics methodology and connecting the right approach to the right business problem. If the department creating prospect lists uses the most advanced method and creates the best list, but the department responsible for converting the leads uses primitive methodology – then the best prospecting list won’t help the company. Speaking the same language will ensure richerinsights are produced and shared. Definingthe Data
  • 15. MARKETING INFORMATION INSIGHTS CMO FINANCE INFORMATION INSIGHTS CFO SUPPLY CHAIN INFORMATION INSIGHTS CPO CAO 3 When it comes to data, sharingis not always caring. Legacy platforms andunitary tools make it hard for departments to seamlessly talk to one another. That’swhy organizations need to be open to using an open-source framework that offers the ability tointegrate data frommultiple sourcesacross departments. This will allowdata to flow fromone system to another, givingbusinesses the freedomto collaborate andshare information that can informfuture insights. Open It Up
  • 16. ELIMINATING SILOS LEADS TO BETTER BUSINESS OUTCOMES IDENTIFYING INSIGHTS THAT WOULD HAVE OTHERWISE BEEN MISSED ANALYZING WITH GREATER SPEED FOR FASTER DECISIONS BETTER RELATIONSHIPS ACROSS THE ORGANIZATION COST SAVINGS DUE TO IMPROVED EFFICIENCY
  • 17. BREAK DOWN THE WALLS… UNLOCK NEW OPORTUNITIES Once you are able to begin breaking down silos, you’re poised for sophisticated analysis that lets you identify untapped opportunities across the enterprise. Leveraging advanced analytics, you can better predict performance and look for triggers and insights that can forecast unforeseen needs. Learn how our advanced analytics can enhance your enterprise-wide insights.