Data Management Solutions
In our experience, we have seen that the root cause of many big business issues can be traced back to data management. The problem is not a lack of data but rather the inability to make business sense of the data at hand. Fundamentally, it is a matter of data management: the architectures, applications, policies, practices and procedures (or lack thereof) in place for managing and enhancing a company's data assets. Many companies wrestle daily with competing databases that must be reconciled. The graphic below represents the key data areas for most businesses that need to be addressed. Next to this graphic are a number of the key themes that we are hearing from clients and key industry contacts as major Data Management challenges:
Data Management initiatives are frequently planned well after the organization has implemented its patchwork infrastructure of different repositories and applications, recognizing that data integration is broader than individual systems and organizations. If data is to be a major competitive asset then there needs to be a corresponding data management plan, supporting governance process and responsibility to appropriately manage this asset for the best return.
The good news is that there are management approaches and new data management software designed to address the full lifecycle of data management. Rather than beginning with software and database solutions, we first need to know where you are and then help you determine what needs to be done. Otherwise, how do you know where to start and what tools you need to meet your objective?
Principles Group’s Approach
Principles Group LLC (“PG”) first initiates a thorough assessment and analysis of selected data/information areas. We then identify the benefit possibilities and provide recommendations for improvement. We begin with a business approach, as it is critical to determine the business objective for the scope of work that results from this “Phase 0” initiative. Most importantly, we clearly identify the “What” that needs to be accomplished. Once the “What” especially around the areas of opportunity from the “Phase 0” work has identified, there is significant work to accomplish. We have developed downstream phases to organize and address these benefit opportunity areas.
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Global Medical Device manufacturer needed process and organization Change Leadership & Integration to manage SAP implementation across 3 continents and 40 international sites. PG helped enable a smooth transition to new SAP solution, eliminate business risk, and achieve operational benefits by utilizing a pragmatic change management approach that fully engaged key personnel throughout the process. -
Major global telecommunications company required revenue lift through better customer targeting and improved advertising to sales integration. PG started with a detailed database capability gap analysis, defined opportunity areas, identified significant revenue list opportunities and developed data opportunity prioritization model. -
A leading Consumer Products Company company needed to get more value from their SAP platform in various stages of completion across the globe. PG first established a common approach to managing SAP implementation business change & benefits realization. By discovering a number of key improvement opportunities, PG moved forward to improved use of current production systems & management reporting resulting in reduced costs & effort of key personnel. -
For a major Wine and Spirits Importer and Distributor, PG developed and delivered process improvements and established technologies enabling sales growth through global supply chain expansion into newly acquired brands. Additional objective to improve operational efficiencies, optimize inventory levels and minimize transportation costs were achieved as well.