Turning Organizational Data Into A Strategic Asset, With The ASSET Method
Organizational data should be one of your most valuable strategic assets, constantly helping you identify opportunities to boost revenue, reduce costs, and enhance operational efficiencies. With the rise of AI-driven analytics, this data can now inform more proactive decision-making and predictive insights.
Organizational data should be one of your most valuable strategic assets, constantly helping you identify opportunities to boost revenue, reduce costs, and enhance operational efficiencies. With the rise of AI-driven analytics, this data can now inform more proactive decision-making and predictive insights.
Yet, many tech and finance leaders struggle to unlock this potential due to siloed data, poor modeling, and slow traditional infrastructure projects. These challenges hinder data-driven strategies and limit AI effectiveness.
The ASSET method offers a clear, actionable approach to quickly maximize data value using agile methodologies. It helps build robust data pipelines and governance, ensuring AI models deliver reliable and timely results.
Leading production companies have used this method to overcome data challenges, achieve quick wins, and optimize production and costs, setting the stage for advanced AI-driven forecasting and optimization.
The ASSET Method - Five Steps to Unlocking Strategic Value From Organizational Data
In today's competitive landscape, the ability to harness data effectively is a decisive factor in an organization’s success.
With the ASSET method, you have a practical, step-by-step framework to rapidly unlock the strategic value of your data through focused, domain-driven initiatives.
It ensures that your data is strategically aligned with your organization's objectives, looking for every opportunity to maximize the impact of data on your bottom line. While focusing on rapid value delivery, so that ROI can be seen in a matter of few weeks, not years.
The structured format of this method ensures scalability and sustainability, thanks to a robust process of maintenance and governance protocols necessary for long-term success. Importantly, this structure helps you create a data-driven culture by proving the value and necessity of a well planned, well executed data strategy.
Following this guide will equip you with the knowledge to implement the five-step ASSET method, empowering you to quickly transform your data initiatives into tangible business outcomes.
Click on each step for a detailed walkthrough and a demonstration of each step in action.
The method follows five clear steps that will ensure you build a robust, value-first data strategy:
- By Assessing Your Current Data Landscape, you gain a clear understanding of the challenges and opportunities within your organization.
- By Selecting High-Value Domains Using a Value Matrix, you ensure that efforts are directed to the domain with the highest potential ROI.
- By Specifying the Minimum Viable Product (MVP) in a high-value domain, you set yourself up for quick wins that validate your approach.
- By Executing Minimum Viable Product (MVP) Implementation and Iteration, you ensure fast ROI, gaining internal support and building momentum organization-wide initiatives.
- By Transitioning to Organization-wide Adoption, you create a sustainable model for continuous improvement and embed data-driven decision-making into your organization's culture.
Want to avoid costly mistakes early on?
If you would rather avoid potential costly mistakes, book a free 30-min consultation with our Head of Data. We’ll walk you through how the ASSET method can be tailored to your organization’s exact needs.