LumenData

Digital Transformation

Digital business models are inevitable.

Maintain competitive advantage with digital data quality.

Digital business models have become essential as consumers have come to expect high online performance in speed, agility, cohesiveness, and user-friendliness from companies across a range of industries.  However, many older companies struggle to meet these expectations in order to survive and thrive.

Maintaining a successful business in the digital era requires strong capability in four key areas:

  1. Envisioning and creating a new category of digital products and services to meet changing consumer expectations.
  2. Using big data and advance analytics to better understand customer behavior.
  3. Providing a seamless multichannel (digital and physical) experience so that consumers can move effortlessly from one channel to another.
  4. Improving capabilities in automating operations and digitizing business processes to enable quicker response times to customers while cutting operating waste and costs.
  5.  Create a culture and capability of quickly iterating on possible solutions with simple prototypes.

Digital transformation does not mean implementing completely new technology but rather, using embracing digital solutions to enable more effective business models.

LumenData’s Enterprise Digital Transformation service allows the coexistence of legacy systems with innovation.

Learn More About LumenData's Enterprise Digital Transformation Service

How to Enable Digital Transformation

1. Separate transformational initiatives from traditional IT projects

  • Systems of record are critical to a company, and it is vital that they be protected. Transformational programs cannot compromise these systems, and therefore, a separation of the two is vital to be defined.

2. Build Digital Governance, which includes Decision Governance

  • Business and IT must collaborate in ways that were previously not common. This implies a new level of Governance where in-common goals, metrics, and tactics are defined across Business and IT.

3. Change mind-sets so that IT is seen as a Business Enabler

  • IT as a Business Enabler may imply higher IT spending, managed as investment in the future rather than only as a cost center.

4. Run waves of innovation in three parallel streams

  • A digital transformation stream to build new functionality for the business, which is supported by iterative waves of deliverables
  • A short-term optimization stream that develops solutions that might not always be compliant with the target architecture (for example, using noncompliant interfaces)
  • An architecture transformation stream to harmonize these initiatives with the corporate IT landscape

5. Experiment with various options.

  • Create a culture and capability of quickly iterating on possible solutions with simple prototypes.

Why choose LumenData?

Enterprise Data Management Expertise. At LumenData, we focus exclusively on MDM, Data Quality, and Data Governance. And with our deep-rooted product knowledge from decades of experience in leading and developing MDM products at major MDM software companies, we understand what it takes to implement MDM quickly and with lower risk.

Data Governance and Data Quality. A governance program that supports data-related decisions and actions is crucial to the success of your MDM implementation. LumenData’s Data Governance services help to coordinate and align all stakeholders on data policies and procedures. Our Data Quality services span from health checks to enterprise data quality deployments across multiple domains.

Our Partnerships Set Us Apart. We work with our partners to co-build products, influence product direction, and build complementary solutions.  We bring industry-specific expertise by being involved with our partners’ marketing- and customer-facing teams to accurately meet the needs of customers.  Learn more about our Partners.

Pre-built Integration Solutions. In addition to our MDM expertise, LumenData has developed many integration solutions to fast-track MDM deployment. These solutions include integrations to cloud and on-premise applications such as Salesforce.com, Peoplesoft, and Siebel CRM.

Cloud Expertise. As some applications move towards the cloud while others stay on-premise, enterprises will face key decisions on how to manage their data across different environments. With our cloud expertise, we can guide you in choosing the most effective environment for your company, whether it is staying on-premise, moving to the cloud, or a hybrid of both.