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Data-Driven Innovation
3 ways to create a new level of performance in your organisation
June 2016
Travis Barker – Consulti...
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Copyright ©2016, Stellar Consulting Group Limited. All rights reserved. NZ GOVT FINANCE FORUM – JUNE 2016
“Re...
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Copyright ©2016, Stellar Consulting Group Limited. All rights reserved. NZ GOVT FINANCE FORUM – JUNE 2016
“In...
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Copyright ©2016, Stellar Consulting Group Limited. All rights reserved. NZ GOVT FINANCE FORUM – JUNE 2016
Siz...
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Copyright ©2016, Stellar Consulting Group Limited. All rights reserved. NZ GOVT FINANCE FORUM – JUNE 2016
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Copyright ©2016, Stellar Consulting Group Limited. All rights reserved. NZ GOVT FINANCE FORUM – JUNE 2016
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Copyright ©2016, Stellar Consulting Group Limited. All rights reserved. NZ GOVT FINANCE FORUM – JUNE 2016
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Copyright ©2016, Stellar Consulting Group Limited. All rights reserved. NZ GOVT FINANCE FORUM – JUNE 2016
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NZ GOVT FINANCE FORUM – JUNE 2016
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Copyright ©2016, Stellar Consulting Group Limited. All rights reserved. NZ GOVT FINANCE FORUM – JUNE 2016
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Copyright ©2016, Stellar Consulting Group Limited. All rights reserved. NZ GOVT FINANCE FORUM – JUNE 2016
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Copyright ©2016, Stellar Consulting Group Limited. All rights reserved. NZ GOVT FINANCE FORUM – JUNE 2016
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Copyright ©2016, Stellar Consulting Group Limited. All rights reserved. NZ GOVT FINANCE FORUM – JUNE 2016
Wh...
Stellar Consulting Group
New Zealand’s Business Intelligence Specialists
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Presentation to the New Zealand Government Finance Forum - June 2016.

stellarconsulting.co.nz

Data-Driven Innovation: 3 Ways to Create a New Level of Performance in Your Organisation

  1. 1. Data-Driven Innovation 3 ways to create a new level of performance in your organisation June 2016 Travis Barker – Consulting Partner
  2. 2. Page 2 of 18 Copyright ©2016, Stellar Consulting Group Limited. All rights reserved. NZ GOVT FINANCE FORUM – JUNE 2016 “Results are gained by exploiting opportunities, not by solving problems.” Peter Drucker
  3. 3. Page 3 of 18 Copyright ©2016, Stellar Consulting Group Limited. All rights reserved. NZ GOVT FINANCE FORUM – JUNE 2016 “Innovation is change that creates a new dimension of performance.” Peter Drucker Data-Driven Innovation?
  4. 4. Page 4 of 18 Copyright ©2016, Stellar Consulting Group Limited. All rights reserved. NZ GOVT FINANCE FORUM – JUNE 2016 Sizing the Opportunity NZ is a laggard, but on the flip-side there’s plenty of opportunity DATA DRIVEN INNOVATION IN NEW ZEALAND SAPERE RESEARCH GROUP & COVEC 2015
  5. 5. Page 5 of 18 Copyright ©2016, Stellar Consulting Group Limited. All rights reserved. NZ GOVT FINANCE FORUM – JUNE 2016 1. Business Process Optimization 2. Enhanced Customer Intimacy 3. Product & Service Innovation At a Glance 3 ways data-driven innovation is driving efficiency & growth
  6. 6. Page 6 of 18 Copyright ©2016, Stellar Consulting Group Limited. All rights reserved. NZ GOVT FINANCE FORUM – JUNE 2016 #1. Business Process Optimization Opportunities for productivity gains and cost / risk mitigation • Strategic Alignment • Automation / Productivity Gains • Business Continuity Risk Mitigation
  7. 7. Page 7 of 18 Copyright ©2016, Stellar Consulting Group Limited. All rights reserved. NZ GOVT FINANCE FORUM – JUNE 2016 Strategic Alignment Measuring & monitoring execution against strategic intent Metrics (Ratios, Comparatives) Measures (Raw Data) Goals & Objectives Success Criteria KPIs Corporate Strategy KPIs BI Strategy Strategic Delivering Executive Scorecards & Dashboards Measuring & monitoring execution against strategy Tactical Delivering Departmental Dashboards & Summary Reports Measuring & monitoring operational performance Operational Delivering Detailed Line-Item Reports Measuring & monitoring individual business processes
  8. 8. Page 8 of 18 Copyright ©2016, Stellar Consulting Group Limited. All rights reserved. NZ GOVT FINANCE FORUM – JUNE 2016 #2. Enhanced Customer Intimacy Opportunities to engage deeper and build long-term value • Customer Satisfaction & Loyalty • Brand Advocacy • Up-sell / Cross-sell
  9. 9. Page 9 of 18 Copyright ©2016, Stellar Consulting Group Limited. All rights reserved. NZ GOVT FINANCE FORUM – JUNE 2016 Brand Awareness & Cross-Sell Example: Trustpower’s market defining multi-product strategy
  10. 10. Page 10 of 18 Copyright ©2016, Stellar Consulting Group Limited. All rights reserved. NZ GOVT FINANCE FORUM – JUNE 2016 Brand Awareness & Cross-Sell Example: Trustpower’s market defining multi-product strategy Trustpower Brand Awareness in Auckland
  11. 11. Page 11 of 18 Copyright ©2016, Stellar Consulting Group Limited. All rights reserved. NZ GOVT FINANCE FORUM – JUNE 2016 #3. Product & Service Innovation Opportunities to develop and improve market offerings • Reduced Cost to Serve • New & Improved Income Streams • Open Government Collaboration
  12. 12. Page 12 of 18 Copyright ©2016, Stellar Consulting Group Limited. All rights reserved. NZ GOVT FINANCE FORUM – JUNE 2016 Open Government & Service Delivery Example: The role of data in Social Investment Helping children at risk of poor outcomes as young adults.
  13. 13. Page 13 of 18 Copyright ©2016, Stellar Consulting Group Limited. All rights reserved. NZ GOVT FINANCE FORUM – JUNE 2016 Open Government & Service Delivery Example: The role of data in Social Investment
  14. 14. Copyright ©2016, Stellar Consulting Group Limited. All rights reserved. Page 14 of 18 NZ GOVT FINANCE FORUM – JUNE 2016 What Role Does Finance Play?
  15. 15. Page 15 of 18 Copyright ©2016, Stellar Consulting Group Limited. All rights reserved. NZ GOVT FINANCE FORUM – JUNE 2016 CFOs are no longer only functional experts, but business experts. This means demand for CFOs to have an expanded skill set outside finance. This includes legal, commercial, and IT skills.” Next Gen Finance The role of the CFO is changing TRANSFORMING THE PUBLIC SECTOR | The role of the CFO in driving change: Grant Thornton ANZ Survey “ CFOs are under increasing pressure to provide strategic insights that enable leadership and boards to make better, more informed decisions. FINANCE 2020: Designing a Finance function to meet new demands: Deloitte Canada “
  16. 16. Page 16 of 18 Copyright ©2016, Stellar Consulting Group Limited. All rights reserved. NZ GOVT FINANCE FORUM – JUNE 2016 Next Gen Finance Data-Driven Innovation is on the agenda
  17. 17. Page 17 of 18 Copyright ©2016, Stellar Consulting Group Limited. All rights reserved. NZ GOVT FINANCE FORUM – JUNE 2016 Next Gen Finance What’s the immediate opportunity? TRANSFORMING THE PUBLIC SECTOR | The role of the CFO in driving change: Grant Thornton ANZ Survey
  18. 18. Page 18 of 18 Copyright ©2016, Stellar Consulting Group Limited. All rights reserved. NZ GOVT FINANCE FORUM – JUNE 2016 Where to Next? Think big, start small, focus on outcomes How Governments Can Get Technology Transformations Right; BCG Perspectives
  19. 19. Stellar Consulting Group New Zealand’s Business Intelligence Specialists Contact Find us: stellarconsulting.co.nz Follow us: @stellarbi Thank You Travis Barker – Consulting Partner
  • GiladdeVries1

    May. 6, 2018

Presentation to the New Zealand Government Finance Forum - June 2016. stellarconsulting.co.nz

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