Data is becoming ever more important, not only in our personal lives but also in the successful operation and growth of business.
The many businesses we have engaged and worked with over the years have had many different approaches to data management, some more effective than others. The common challenges and issues we have identified in these clients are easy to let occur but have significant impacts if not addressed.
Without adequate processes, people and infrastructure, the accuracy and the reliability that of key data crucial to the strategic planning of a business is quickly lost.
Establishing accurate and accessible data is the first essential step in building solid foundations for continuous improvement. However, without adequate processes and infrastructure in place supporting it then this accuracy and reliance will quickly diminish.
Data Standard Examples
Capturing value from data depends on the integrity of the entire value chain, and the chain is only as strong as its weakest component. Organisations looking to be successful in capturing value from their data must ensure excellence in all components and steps of the value chain.
Common Issues and Impact
We have experienced many different processes and structures within clients and their approaches to data management, some more effective than others. If the data is not kept updated, accurate and accessible, this causes a range of issues in day-to-day operations and any improvement projects.
Duration: 12-20 weeks
Team: 1-3 people
Location: On-site or remote
• Access to systems
• Existing data standards
• Enhanced data processes
• Robust data infrastructure
• Accurate data
"Libra provided the business with a clear sense of opportunity, a roadmap for delivery, and a quality of people that underpinned their delivery."
Gavin Williams, Managing Director - GXO Logistics
"We needed to maintain our data to the highest standards. During this initiative, we cleansed over 100,000 pieces of data, unlocked capabilities in data-driven decision making and developed a robust data governance process."
Tony Pickford, Supply Chain Development Manager - Victrex