what's the half-life of your data?

1 April 8, 2023© Kalido I Kalido Confidential I April 8, 2023

What’s the Half Life of Your Data?The Economic Impacts of an Agile Data Foundation


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Today’s Speakers

Ian Campbell, founder of Nucleus Research, is responsible for the company's product set and overall corporate direction. As such, he manages and directs Nucleus' industry leading return on investment (ROI) research approach. He is an expert on the ROI and Total Cost of Ownership (TCO) analysis of technology and has written and presented extensively on a range of organizational topics.

Bill Hewitt serves as Kalido's Chief Executive Officer, President and Director, responsible for the company's business strategy and operating results. Bill brings over 20 years of executive-level leadership experience in enterprise software, hardware and services markets to Kalido, along with expertise in managing companies in all phases of growth, from venture backed private firms to public Global 2000 companies.


Today’s Topics

How do business decision tempos influence data value?

Over time, how does data agility sustain data value?

How can the value of data be quantified?

What’s important to consider in your business case?

An online tool to self-assess economic impacts.


85% say business requirementschange too fast for I.T. to keep up.


Rate of decay for data valueis influenced by decision tempo.


Warm-up Data Points


AGILITY?


Revenue Growth

Employee Productivity

Actionable Insights from B.I.

“Top Performers”

91% state continuous, on-demand reports as a top three concern

3X more likely able to see new data in a report within one week

48% can see new data in a report within one day


Data Agility likely mattersto the business


What did we hear?

“It’s a struggle; we’re adding and integrating new data sources constantly because we use so many external third parties and every country is potentially different.”

“If you’re pulling information from archives and doing manual reporting, it’s going to take longer to get the information.”

“We had loads of customer data, sales data, inventory data, and delivery data but very little of that has ever been turned into any information that could be used to make good business decisions.”

Common thread:

Gathering data isn’t as challenging as disseminating data before it perishes.


Timeto

Value

Valueof

Time


Can we measure the value (yes)?

Better data means:Better decisionsFewer mistakesMore opportunitiesIncreased productivity

Approach:1) Assume decisions are made when the confidence in data reaches a point.2) Then, better access reduces time needed to gather information to reach decision point

Result: Conservative measure of productivity recovered


Vertical?

Problem: Since data always has some value so how does the value change over time?

Answer: Not linear but exponential decay - half life

Problem: How to apply half life in the real world?

Examined the data by vertical and it didn't correlate

Examined by corporate “tempo” and correlated

Identified 3 tempos: Minutes to hoursDays to weeksMonths


Making the business case

Putting a number on it…

You can’t measure “perfect” but you can measure the value of taking a step.

How well do you manage data today?Identified five steps in managing data from poor to excellent Examined time devoted to data management at each step

What’s your tempo?Defines the rate of loss in the value of data from rapid to slow.

Result: Productivity lost gathering information. Measure the value of taking a step.


The value of a step

Move from Fair to Moderate

Increase productivity by 0.4%

Save almost $1,000,000


Q&A


Summing Up

Incremental improvements in data efficiency and data agility drive meaningful economic improvements

An agile data foundation is the enabler

Automation is a key contributor to data agility


Next Steps

Get the Nucleus Research report and

case studies at http://bit.ly/10OBGl9

Take our “Ten Minute Agility Assessment”

at http://bit.ly/XW0IPt

http://bit.ly/10OBGl9

http://bit.ly/10OBGl9

http://bit.ly/XW0IPt

http://bit.ly/XW0IPt


To Learn More

Visit us at www.kalido.com

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Join the Kalido Connections communityhttp://kalidoconnections.com

Contact us! +1.781.202.3200, press 1

http://www.kalido.com/

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“How-To” Webcast

“Building Agility Into Your Data Foundation”

December 4, 201211 a.m. EST/10 a.m. CST/8 a.m. PST

• Adapt to changing requirements in minutes• Integrate new data sources in hours• Respond to change at the speed of business

Model-driven automation for data professionals

Space is limited.Reserve your Webinar seat now at:

http://bit.ly/QmDn6e

https://www3.gotomeeting.com/register/778725046?mkt_tok=3RkMMJWWfF9wsRow5/mYJoDpwmWGd5mht7VzDtPj1OY6hBknJruJK1TtuMFUGpsqOOKfDQsUHA==


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