A leading Hungarian insurance company – part of an international group – started its journey towards being more focused on managing their data assets. In addition to the mainstream trend to be data-driven a group-level initiative had been launched to formalize their data governance function. The Data and Analytics team – direct report to the CEO –had been appointed to design the details of a future data management1 model and to formulate a road map to see how to achieve it.Besides the gap between theory and practice they also had to manage the internal stakeholders involved: the business functions working with data, the already in place data privacy office and the supporting IT function.
Help the Data and Analytics team to understand the company’s current maturity level in data management and give them tools to communicate thecurrent situation and the path ahead which is not only in line with the group level expectations, but can also support other important digital initiatives.Translate the best practice theory to clear, actionable tasks which can help them win appropriate attention and budget for tasks have to be done to elevate their data management practice.
Comprehensive maturity assessment based on inputs from the Data Analytics team and from international best practices which help them to understand where they are in terms of processes, team, data architecture and technology. Road map with clear to-do list to elevate the data management practice presented to the CEO where we also stressed the importance of the link between data and digitization. A one-day data management training where we show how DAMA best practices can be translated into practical tasks.
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