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KNOW, Data Driven Business Strategy Development

TYPE
Business Development & Ecosystem Building, Data-Driven Business Strategy Development
REGION
Austria
LANGUAGE
English, German

Strategy development with 360° focus both externally (environment, market) and internally (domain, processes, skills and data) with a possible implementation component.

SERVICE DESCRIPTION

Data-driven Business Strategy Development aims to develop recommendations for action for companies, with which a company can become a data-driven enterprise. This can range from conscious and targeted evaluation and analysis of data to optimize processes and products, to the development of new data-driven products and services, to the establishment of a future data-driven business unit or market.

The strategy development is based on the systematic identification of data-driven opportunity fields in which added value can be achieved in the existing environment of market, business and organization, taking into account the aspect of data. For these chance fields a fact and resource-based estimation of the feasibility is made and based on this, strategy options for the company are worked out. This can go so far that also implementation possibilities for promising options are conceived and/or first options are already implemented.

Strategy development usually takes place in the phases of stocktaking, situation analysis, opportunity assessment, strategy formation and implementation planning. The stocktaking process collects and lists existing assets of the client that are suitable for the development of data-driven business models.

The situation analysis assesses these assets and puts them into context. The opportunity assessment puts the situation in the context of experiences from other industries and provides a cost-benefit analysis for potential data-driven projects. Based on this, the strategy formation delivers strategic options and the implementation planning describes in broad outlines their implementation.

SPECIAL ACCESS CONDITIONS

No

CASE EXAMPLES

Companies that would like to become more data-driven and don't know exactly where to start or what to do are right on target with this service. In addition, companies that have already taken their first steps with AI and want to develop a comprehensive strategy to become a data-driven company will also benefit from this program..

SUCCESS STORY

Newspaper industry, Insurance Company, Real Estate Company.

SERVICE CAN BE COMBINED WITH

As a starting point for the strategy development, a AI and data-driven maturity assessment can be performed beforehand.

SERVICE OFFERED BY

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MEMBER
Know-Center
TYPE
DIH
COUNTRY
Austria

MORE INFORMATION ABOUT THIS SERVICE

PRIVACY POLICY

Data Controller: INSTITUTO TECNOLÓGICO DE INFORMÁTICA (G96278734)
Purposes: We will use your personal data to contact you back and answer your inquiries and provide you with information regarding our activity and in connection with our developments, research and services.
Legal Basis: We will use your personal data for the aforementioned purpose based on the consent you provide by clicking the acceptance box.
Data recipients: Your personal data will only be shared with the DIH your inquiry or information request may concern.
Rights: Regarding your personal data you have the right to access, rectify, erase, data portability, restrict processing , object, consent withdrawal and to file a complaint before the Supervisory Authority (AEPD).
Exercise of rights: You can exercise the aforementioned rights by sending an e-mail to the e-mail address: dpo@iti.es or by sending a letter to the address Camino de Vera s/n, CPI Edif. 8, Acceso B, 4ª Planta, 46022 Valencia (Spain).
More information: You can find more information regarding the processing of your personal data here: More info
Data Controller: INSTITUTO TECNOLÓGICO DE INFORMÁTICA (G96278734)
Purposes and legal basis: We will use your personal data to contact you back and answer your inquiries and provide you with information regarding our activity and in connection with our developments, research and services.
Data recipients: Your personal data will only be shared with the DIH your inquiry or information request may concern.
Rights: Regarding your personal data you have the right to access, rectify, erase, data portability, restrict processing , object, consent withdrawal and to file a complaint before the Supervisory Authority. More info
Exercise of rights: You can exercise the aforementioned rights by sending an e-mail to the e-mail address: dpo@iti.es or by sending a letter to the address Camino de Vera s/n, CPI Edif. 8, Acceso B, 46022 Valencia (Spain).