Level 6 – Business Transformation
Data Strategy Goal: Ecosystem Interlock
Data Strategy: Predictive and Ecosystem approach to enterprise data management
IT Builder:
At Level 6, the pinnacle of the data journey, IT Builders embody and promote a data-led vision that goes beyond conventional roles. This vision is beyond the capabilities of traditional positions. The use of data may be utilized to propel ground-breaking innovations and to establish a “Cyberfused Collective,” which is a concept in which the capabilities of artificial intelligence are seamlessly integrated with traditional operations. Additionally, data can be utilized for the purpose of improving operational efficiency. Because it serves as the foundation of the business, this integration makes it possible to undergo a transformation that rewrites the standards of the industry and creates new value propositions. The implementation of these cutting-edge technologies and the enhancement of their functionality are both your duties. This type of system is capable of collecting, analyzing, and forecasting data in addition to automating decision-making.
IT Leader:
IT leaders play a crucial role in drastically altering their organizations at this stage. During your participation in strategic partnerships, you will be responsible for navigating significant initiatives such as acquisitions, divestitures, and radical changes in business models. The utilization of data to both drive and support these revolutionary developments is one of the primary focuses of your attention. By utilizing predictive models and advanced data analytics tools, you can provide support for a data-driven strategy that not only establishes the strategic direction of the company but also ensures that every significant decision is supported by complete and actionable information.
Business Leader:
Data becomes a visionary tool for corporate leaders, directing and reshaping strategy, according to the corporate Leader Narrative. In this stage of development, information technology is utilized to forecast future trends and model the impacts of significant changes. Among the transformative possibilities that are brought to light by data are the following: entering new markets, altering company strategy, and pursuing mergers and acquisitions. The strategic utilization of data helps to determine the long-term direction of the organization as well as the activities that are currently being carried out. This helps to position the firm as a market leader and innovator.
Data Strategy:
The data strategy of Level 6 extends beyond the limitations of standard business operations and operates proactively. Identifying and even creating market trends is made possible via the utilization of cutting-edge machine learning algorithms and sophisticated predictive analytics. It is necessary to make use of technologies such as IBM Watson and Google AI in order to implement predictive models and cognitive computing services successfully. This stage results in the production of comprehensive tools for scenario planning, maps of market influence, and assessments of trends in ecosystems. By utilizing data-driven insights to drive change and grasp new opportunities, a company may position itself as a market leader and establish itself as that leader. Not only does this have an impact on the decisions that are made within the company, but it also dictates trends in the wider business community.
Assessment Questions
- Does the organization use predictive analytics to inform strategy?
- Validates the integration of advanced analytics to guide business planning and strategy.
- Are data insights integrated across a broader ecosystem involving partners?
- Assesses the capability of the organization to extend its data strategies into collaborative ventures and partnerships.
- Is data a core element of the organization’s innovation strategy?
- Ensures that data-driven innovation is at the heart of the business, shaping its growth and future direction.
