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Having a clearly defined digital transformation strategy is an essential best practice for successful digital transformation. But what makes a digital transformation strategy viable?

Part Two of the Digital Transformation Journey …

Part one

In our last blog on driving digital transformation, we explored how business architecture and process (BP) modeling are pivotal factors in a viable digital transformation strategy.

EA and BP modeling squeeze risk out of the digital transformation process by helping organizations really understand their businesses as they are today. It gives them the ability to identify what challenges and opportunities exist, and provides a low-cost, low-risk environment to model new options and collaborate with key stakeholders to figure out what needs to change, what shouldn’t change, and what’s the most important changes are.

Once you’ve determined what part(s) of your business you’ll be innovating — the next step in a digital transformation strategy is using data to get there.

Constructing a Digital Transformation Strategy: Data Enablement

Many organizations prioritize data collection as part of their digital transformation strategy. However, few organizations truly understand their data or know how to consistently maximize its value.

If your business is like most, you collect and analyze some data from a subset of sources to make product improvements, enhance customer service, reduce expenses and inform other, mostly tactical decisions.

The real question is: are you reaping all the value you can from all your data? Probably not.

Most organizations don’t use all the data they’re flooded with to reach deeper conclusions or make other strategic decisions. They don’t know exactly what data they have or even where some of it is, and they struggle to integrate known data in various formats and from numerous systems—especially if they don’t have a way to automate those processes.

How does your business become more adept at wringing all the value it can from its data?

The reality is there’s not enough time, people and money for true data management using manual processes. Therefore, an automation framework for data management has to be part of the foundations of a digital transformation strategy.

Your organization won’t be able to take complete advantage of analytics tools to become data-driven unless you establish a foundation for agile and complete data management.

You need automated data mapping and cataloging through the integration lifecycle process, inclusive of data at rest and data in motion.

An automated, metadata-driven framework for cataloging data assets and their flows across the business provides an efficient, agile and dynamic way to generate data lineage from operational source systems (databases, data models, file-based systems, unstructured files and more) across the information management architecture; construct business glossaries; assess what data aligns with specific business rules and policies; and inform how that data is transformed, integrated and federated throughout business processes—complete with full documentation.

Without this framework and the ability to automate many of its processes, business transformation will be stymied. Companies, especially large ones with thousands of systems, files and processes, will be particularly challenged by taking a manual approach. Outsourcing these data management efforts to professional services firms only delays schedules and increases costs.

With automation, data quality is systemically assured. The data pipeline is seamlessly governed and operationalized to the benefit of all stakeholders.

Constructing a Digital Transformation Strategy: Smarter Data

Ultimately, data is the foundation of the new digital business model. Companies that have the ability to harness, secure and leverage information effectively may be better equipped than others to promote digital transformation and gain a competitive advantage.

While data collection and storage continues to happen at a dramatic clip, organizations typically analyze and use less than 0.5 percent of the information they take in – that’s a huge loss of potential. Companies have to know what data they have and understand what it means in common, standardized terms so they can act on it to the benefit of the organization.

Unfortunately, organizations spend a lot more time searching for data rather than actually putting it to work. In fact, data professionals spend 80 percent of their time looking for and preparing data and only 20 percent of their time on analysis, according to IDC.

The solution is data intelligence. It improves IT and business data literacy and knowledge, supporting enterprise data governance and business enablement.

It helps solve the lack of visibility and control over “data at rest” in databases, data lakes and data warehouses and “data in motion” as it is integrated with and used by key applications.

Organizations need a real-time, accurate picture of the metadata landscape to:

Discover data – Identify and interrogate metadata from various data management silos.
Harvest data – Automate metadata collection from various data management silos and consolidate it into a single source.
Structure and deploy data sources – Connect physical metadata to specific data models, business terms, definitions and reusable design standards.
Analyze metadata – Understand how data relates to the business and what attributes it has.
Map data flows – Identify where to integrate data and track how it moves and transforms.
Govern data – Develop a governance model to manage standards, policies and best practices and associate them with physical assets.
Socialize data – Empower stakeholders to see data in one place and in the context of their roles.

The Right Tools

When it comes to digital transformation (like most things), organizations want to do it right. Do it faster. Do it cheaper. And do it without the risk of breaking everything. To accomplish all of this, you need the right tools.

The erwin Data Intelligence (DI) Suite is the heart of the erwin EDGE platform for creating an “enterprise data governance experience.” erwin DI combines data cataloging and data literacy capabilities to provide greater awareness of and access to available data assets, guidance on how to use them, and guardrails to ensure data policies and best practices are followed.

erwin Data Catalog automates enterprise metadata management, data mapping, reference data management, code generation, data lineage and impact analysis. It efficiently integrates and activates data in a single, unified catalog in accordance with business requirements. With it, you can:

Schedule ongoing scans of metadata from the widest array of data sources.
Keep metadata current with full versioning and change management.
Easily map data elements from source to target, including data in motion, and harmonize data integration across platforms.

erwin Data Literacy provides self-service, role-based, contextual data views. It also provides a business glossary for the collaborative definition of enterprise data in business terms, complete with built-in accountability and workflows. With it, you can:

Enable data consumers to define and discover data relevant to their roles.
Facilitate the understanding and use of data within a business context.
Ensure the organization is fluent in the language of data.

With data governance and intelligence, enterprises can discover, understand, govern and socialize mission-critical information. And because many of the associated processes can be automated, you reduce errors and reliance on technical resources while increasing the speed and quality of your data pipeline to accomplish whatever your strategic objectives are, including digital transformation.

Check out our latest whitepaper, Data Intelligence: Empowering the Citizen Analyst with Democratized Data.

Due to the adoption of data-driven business, organizations across the board are facing their own enterprise data dilemmas.

This week erwin announced its acquisition of metadata management and data governance provider AnalytiX DS. The combined company touches every piece of the data management and governance lifecycle, enabling enterprises to fuel automated, high-quality data pipelines for faster speed to accurate, actionable insights.

Why Is This a Big Deal?

From digital transformation to AI, and everything in between, organizations are flooded with data. So, companies are investing heavily in initiatives to use all the data at their disposal, but they face some challenges. Chiefly, deriving meaningful insights from their data – and turning them into actions that improve the bottom line.

This enterprise data dilemma stems from three important but difficult questions to answer: What data do we have? Where is it? And how do we get value from it?

Large enterprises use thousands of unharvested, undocumented databases, applications, ETL processes and procedural code that make it difficult to gather business intelligence, conduct IT audits, and ensure regulatory compliance – not to mention accomplish other objectives around customer satisfaction, revenue growth and overall efficiency and decision-making.

The lack of visibility and control around “data at rest” combined with “data in motion”, as well as difficulties with legacy architectures, means these organizations spend more time finding the data they need rather than using it to produce meaningful business outcomes.

To remedy this, enterprises need smarter and faster data management and data governance capabilities, including the ability to efficiently catalog and document their systems, processes and the associated data without errors. In addition, business and IT must collaborate outside their traditional operational silos.

But this coveted state of data nirvana isn’t possible without the right approach and technology platform.

Enterprise Data: Making the Data Management-Data Governance Love Connection

Bringing together data management and data governance delivers greater efficiencies to technical users and better analytics to business users. It’s like two sides of the same coin:

Data management drives the design, deployment and operation of systems that deliver operational and analytical data assets.
Data governance delivers these data assets within a business context, tracks their physical existence and lineage, and maximizes their security, quality and value.

Although these disciplines approach data from different perspectives and are used to produce different outcomes, they have a lot in common. Both require a real-time, accurate picture of an organization’s data landscape, including data at rest in data warehouses and data lakes and data in motion as it is integrated with and used by key applications.

However, creating and maintaining this metadata landscape is challenging because this data in its various forms and from numerous sources was never designed to work in concert. Data infrastructures have been cobbled together over time with disparate technologies, poor documentation and little thought for downstream integration, so the applications and initiatives that depend on data infrastructure are often out-of-date and inaccurate, rendering faulty insights and analyses.

Organizations need to know what data they have and where it’s located, where it came from and how it got there, what it means in common business terms [or standardized business terms] and be able to transform it into useful information they can act on – all while controlling its access.

To support the total enterprise data management and governance lifecycle, they need an automated, real-time, high-quality data pipeline. Then every stakeholder – data scientist, ETL developer, enterprise architect, business analyst, compliance officer, CDO and CEO – can fuel the desired outcomes with reliable information on which to base strategic decisions.

Enterprise Data: Creating Your “EDGE”

At the end of the day, all industries are in the data business and all employees are data people. The success of an organization is not measured by how much data it has, but by how well it’s used.

Data governance enables organizations to use their data to fuel compliance, innovation and transformation initiatives with greater agility, efficiency and cost-effectiveness.

Organizations need to understand their data from different perspectives, identify how it flows through and impacts the business, aligns this business view with a technical view of the data management infrastructure, and synchronizes efforts across both disciplines for accuracy, agility and efficiency in building a data capability that impacts the business in a meaningful and sustainable fashion.

The persona-based erwin EDGE creates an “enterprise data governance experience” that facilitates collaboration between both IT and the business to discover, understand and unlock the value of data both at rest and in motion.

By bringing together enterprise architecture, business process, data mapping and data modeling, erwin’s approach to data governance enables organizations to get a handle on how they handle their data. With the broadest set of metadata connectors and automated code generation, data mapping and cataloging tools, the erwin EDGE Platform simplifies the total data management and data governance lifecycle.

This single, integrated solution makes it possible to gather business intelligence, conduct IT audits, ensure regulatory compliance and accomplish any other organizational objective by fueling an automated, high-quality and real-time data pipeline.

With the erwin EDGE, data management and data governance are unified and mutually supportive, with one hand aware and informed by the efforts of the other to:

Discover data: Identify and integrate metadata from various data management silos.
Harvest data: Automate the collection of metadata from various data management silos and consolidate it into a single source.
Structure data: Connect physical metadata to specific business terms and definitions and reusable design standards.
Analyze data: Understand how data relates to the business and what attributes it has.
Map data flows: Identify where to integrate data and track how it moves and transforms.
Govern data: Develop a governance model to manage standards and policies and set best practices.
Socialize data: Enable stakeholders to see data in one place and in the context of their roles.

An integrated solution with data preparation, modeling and governance helps businesses reach data governance maturity – which equals a role-based, collaborative data governance system that serves both IT and business users equally. Such maturity may not happen overnight, but it will ultimately deliver the accurate and actionable insights your organization needs to compete and win.

Your journey to data nirvana begins with a demo of the enhanced erwin Data Governance solution. Register now.

Part one