Enabling Data as a Strategic Asset for Barfoot & Thompson

Outcomes

• Provided Barfoot & Thompson with recommendations and a framework to implement a modern data platform, including Minimum Viable Product (MVP) execution plan.
• Assisted in defining and refining key business use cases to ensure that the data strategy and execution are driven by business needs rather than solely by technology.
• Highlighted areas where organisational, process, or requirement gaps exist, all of which require addressing irrespective of the chosen technologies.
• Became a trusted consulting partner to the CIO for matters related to data, with Barfoot & Thompson proceeding with implementing incremental data initiatives that align with the organisation’s business strategy timelines.

“We established a high level of trust with the team at Data Domain. Their expertise and experience was highly valuable and they were able to accelerate our data strategy and data roadmap.”
– Simon Casey, CIO, Barfoot & Thompson

Background

Barfoot & Thompson, a leading real estate company in New Zealand, embarked on a Data Strategy and Governance initiative to grow the business, ensure regulatory compliance and optimise data management practices. They were in the midst of implementing a multi-year business strategy that highlighted the significance of data as a strategic asset. However, the absence of a cohesive framework and the availability of internal expertise posed significant challenges in realising their strategic objectives.

Challenges

• Identifying the future limitations of the existing data platform.
• The solution needed to cater for long term capabilities and complexities i.e. data governance, data security and quality, advanced analytics, and a complex issue of data ownership.
• The team’s capabilities, although broad, were limited due to size. Therefore, any tools and technology chosen needed to cater to the team’s ability to support the solution in-house.
• Third party expertise was being sought to formulate and assist in the execution of key steps in the data strategy.

Solution

• The solution was to define the process and key steps of a data strategy that would help Barfoot & Thompson meet their data aspirations.
• Conducted a thorough assessment of the existing data platform to understand the current technology, people, and process capabilities within a data strategy delivery framework. This highlighted the enablement activities and gaps that needed to be addressed to meet the long-term business data and analytics vision.
• Provided Barfoot & Thompson with recommendations and a framework to implement a modern data platform, including Minimum Viable Product (MVP) execution plan.
• Assisted in defining and refining key business use cases to ensure that the data strategy and execution are driven by business needs rather than solely by technology.
• Highlighted areas where organisational, process, or requirement gaps existed, all of which require addressing irrespective of the chosen technologies.
• Became a trusted consulting partner to the CIO for matters related to data, with Barfoot & Thompson proceeding with implementing incremental data initiatives that align with the organisation’s business strategy timelines.

Talk to us today about how we can help you determine the right strategy to achieve your data and AI objectives.