Selling the value of data transformation Iyengar and his team are 18 months into a three- to five-year journey that started by building out the data layer â corralling data sources such as ERP, CRM, and legacy databases into data warehouses for structured data and data lakes for unstructured data.
That step, primarily undertaken by developers and data architects, established data governance and data integration. Now, the teamâs information architects, in conjunction with business analysts, are working on the semantic layer, which feeds data from data warehouses and data lakes into data marts, including a finance mart, sales mart, supply chain mart, and market mart. The next goal, with the aid of partner Findability Sciences, will be to build out ML and AI pipelines into an information delivery layer that can support predictive and prescriptive analytics.
âAs the information layer gets mature, thatâs where the ML and the AI will start seeing some green shoots,â he says, adding that although data transformation was a pressing need when he signed on in 2021, he wanted a more compelling vision to sell the board and business leaders on tackling it.
For that, he relied on a defensive and offensive metaphor for his data strategy. The defensive side includes traditional elements of data management, such as data governance and data quality. The offensive side? That is the domain of AI and advanced analytics that serve a role beyond just insight and business optimization.
âThe offensive side is how to generate revenue, all of the insights from the historical data that we have collected and, in fact, forecast the trends that are coming,â Iyengar says. âMost of the data that we get on the offensive side are unstructured, and we want to make sure that it makes sense to the business leaders and help them harmonize and enrich it in such a manner that they can serve their customers more efficiently and that the customers get served and leverage Straumannâs services in a much more robust, frictionless manner.â
Not surprisingly, it was this offensive side that got Straumannâs board invested in Iyengarâs plan for transformation.
âWhen the customer-centricity and the digital transformation piece was proposed â along with data transformation â I think that resonated with them,â Iyengar says. Skilling up for the future Iyengarâs team found success by adopting a use-case approach, not unlike that of one of Straumanâs core businesses. âWe pretty much took the same principle of the pre-treatment and the post-treatment images that we show to our patients,â Iyengar says.
The team asked company leaders to pick a number of customer-centric vectors to illustrate how data innovations could be used to drive business outcomes. One of the targets was driving down customer churn. The team started by splitting churn propensity into two values: one for retention of existing customers and one for new customer acquisition. It used typical customer lifetime values and analyzed buying patterns to provide the marketing team and sales team with insights they could use to drive their strategies.
Iyengar says adopting this approach to selling digital transformation internally has made the job much easier. âWe are seeing a lot of investments being approved from all the businesses in order to support that initiative,â he says.
In the meantime, as the team begins to build out ML and AI capabilities, it is also imperative to transform the Data & Tech team itself.
âThe skill set that we have inherently from our traditional school point of view doesnât suit the ML and AI part of it,â Iyengar says. âWhat you need there is statisticians and mathematicians, not programmers and coders, right? So, we have been transforming ourselves as well, culturally and from a skill point of view. That takes its own time. We have a learning curve at our end to build the right skill set within us.â
Iyengar is supplementing his teamâs skill set with help from enterprise AI specialist Findability Sciences. The companyâs Findability.ai platform combines machine learning, computer vision, and natural language processing (NLP) to aid customers in their AI journey.
âI have a lot of traditional ETL skills in my team,â he says. âWhat I donât have is the ML/AI skill set right now. Partners are helping us in that space.â
Ultimately, Iyengar says, these changes will transform how the Data & Tech team interfaces with the business. For now, it operates under a centralized âhub and spokesâ model. But he says hiring statisticians and mathematicians in his team wonât be scalable. Instead, what he really wants within three to five years is to embed them in teams closer to the lines of business, so the businesses can run models by themselves.
âRight now, weâre driving the bus at 100 miles and hour and changing the tires at the same time, which is not going to be scalable by any means, though Iâm proud of my team that we are doing it,â he says. |