What Is Competitive Benchmarking of Analytics?
Digital transformation has become an urgent need and the window of opportunity is rapidly closing. This puts a strain on financial resources, giving many companies just one shot to get it right.
Digital Enterprise Evolution Model™ - Analytics Capability
Copyright © 2021 Trianz
Analytics benchmarking is a survey data-driven process by which we help clients understand where their capabilities are on the maturity curve in absolute and competitive terms. This helps clients know the competitive gaps and where to invest their time, efforts, and resources to maximize their returns.
Through a series of surveys, we benchmark capabilities in the following areas:
Enterprise Data Strategies
Data Governance, MDM, DQM, Cloud/On-prem Analytics, AI Capabilities
Investment Models and Priorities
Data and Analytics Organizational Structures
The Most Successful Digital Transformations are Powered by Analytics Capabilities
Just about 7% of companies are fully delivering on the promise of their transformational initiatives. We call them ‘digital champions.’
Digital champions rely on analytics for corporate strategy, prioritizing transformation initiatives, and running their business or IT operations.
Every industry and business is unique, and we help you understand what analytics capabilities to target given the nature of your specific business, competitors, and peers.
Analytics Investments by Digital Champions
Our Digital Benchmarking Data and Research Capabilities
Our benchmarking services are powered by over 1.5 million data points we have already collected as well as our primary research and data collection capabilities. With access to leaders across more than 40,000 companies from various size segments, industries, and geographies around the world, we can quickly gather additional data to address company and industry-specific questions.
Reports based on data collected from thousands of Business and IT decision makers globally
Based on data collected from more than 5,000 companies across 20 industries, Trianz has developed a multi-stage model to measure where companies are on the digital continuum and how they have evolved before becoming a leader. We call it the “Digital Enterprise Evolution Model” or DEEM, and it is crafted at the level of a business function or a digital technology discipline. Benchmarking tells you where your organization is on this continuum relative to peers and the best in class.
Know Your Digital Maturity Within Weeks
Our benchmarking process is a combination of digitally collected data and interviews with leaders in your organization. Data is entered into the Trasers repository and analyzed in comparison to peer companies and leaders across industries. For a business or an IT function, we can provide you a customized report within 6-8 weeks.
Benchmarking Engagement Approach & General Timelines
Output from our benchmarking process is used in crystallizing a vision for your organization based on strategic priorities, ROI, and in developing execution roadmaps and plans.