The need for companies to have a chief data architect or chief data officer has grown dramatically. The value and ability to store and analyze data, together with ever-growing governmental regulations around data mandate the need for this role. Beyond the responsibilities of data privacy and compliance, the this role is now tasked with being a real time business partner through data strategy, data science, analytics and business logic management. Stradling the demands of the business and IT is challenging enough, the CDO also has to drive accountability on both sides. Finally, the CDO organization, architected correctly, can drive innovation in internal operations, reporting, product design and business model design.
Our Service Offerings
CDO Organization and Interim Staffing
Organizations without a discreet CDO function have the responsibilities disaggregated and dispersed. FTI Consulting conducts a need assessment and buts together a business case with executive and board level collateral for the need for a CDO. FTI Consulting will design the organization, define roles and responsibilities, operating models showing how the CDO works with the broader organization and how the office and role of the CDO will evolve and mature. FTI Consulting will also support recruiting efforts and can staff all roles in the CDO office on an interim basis.
Enterprise Data Strategy
Crafting and executing the data strategy for your organization is a vital remit of the CDO and critically important to your business. FTI Consulting will craft a business aligned data strategy which supports and enables your current business ambitions, resolves pain points and unlocks latent innovation potential. The strategy is presented and aligned with your stakeholders to bring all constituents into agreement. FTI Consulting creates business cases for a data strategy to garner investment and priority from leadership/boards. With an appropriate data strategy in place, FTI Consulting will plan, execute and manage the implementation of the strategy and drive adoption through pervasive change management.
The CDO is intricately involved in digital and other transformations, since most require data, analytics and business logic changes. FTI Consulting provides transformation strategy and business case creation services, creating buy in and funding from your executives and boards. FTI Consulting will design and plan your transformation, crafting the future state of your technology, process and organizational elements, drive vendor selection, program and project manage your transformation and implement a turn key change management program.
Data Security and Compliance
In today’s regulatory and privacy focused realities, the CDO becomes the critical office where responsibility for compliance lies. The office is required to coordinate with technical, risk management, legal and security teams. FTI Consulting performs assessments for the various industry and regulatory (privacy, security, governance, security) protocols and designs and implements full programs to bring you into compliance. FTI Consulting uses penetration tests and other toolsets to assess your data and cyber security, and reviews your data and information governance policies, designs and implements turnkey programs to bring you to your desired level of security and governance. FTI Consulting staffs roles and provides certain functions (DPO) as a service.
Enterprise Data Management
Modern chief data offices are responsible for the enterprise data management functions across their companies. FTI Consulting designs operating models for data management, and creates future state data architectures with the required technological needs. Analytics is a large part of data management, FTI Consulting creates KPIs and business measurement metrics, leading to analytics strategy, implementation and operationalization. FTI Consulting designs data quality programs, taking clients to the required quality standards for their analytical and operational ambitions. FTI Consulting designs data driven decisioning and robotic process automation which leverage both data and metadata to increase efficiencies.
Data Lake Design and Implementation
Companies are now developing “data lakes” to bring together and unify their data with a common syntax. Data warehouses of the past were specific to applications and business units, making cross-application, or cross-business analyses difficult. Data lakes unify this data providing a single view of the truth across the enterprise, enabling analytics, machine learning and employee-empowered analysis. FTI Consulting can help companies design their data lake strategy and architecture, roadmap the implementation and oversee implementation.
Industry IT Expertise
Our Technology Transformation team has deep industry expertise to complement our technology skills. Our professionals have executive level IT and industry expertise. Working side-by-side with management, boards of directors and investors, we help align IT initiatives with critical priorities, striking a balance between short-term and long-term goals. Our approach is to leverage our industry strength and IT expertise. Our Technology Transformation professionals understand our clients’ challenges, opportunities and competitive landscapes. We offer IT expertise in the following industries:
- Aerospace & Defense
- Automotive & Industrial
- Clean Energy
- Energy, Power and Products
- Financial Services
- Food and Beverage
- Healthcare & Pharmaceuticals
- Hospitality, Leisure and Gaming
- Industrials and Manufacturing
- Mining and Mining Services
- Real Estate & Infrastructure
- Retail & Consumer Products
- Telecom, Media & Technology
- Transportation & Logistics