Value assessment
You think data can help your organization or have a specific use case you want to verify. Our value assessment helps you verify this and build a strong business case for investing in advanced technologies such as Databricks, AI and Machine Learning.
Let's dive into the who, why, what and when of Value Assessment.
Who is a Value Assessment for?
- If you are considering investing in Data & AI solutions.
- Decision makers seeking quantifiable justification for Data & AI initiatives.
- If you want to maximize return on investment (ROI) and sharpen business priorities.
- If you are (re)defining your technology, data and/or AI strategy.
- If you are struggling with the results of existing data & AI solutions.
Why is a Value Assessment useful and relevant?
- Discover hidden opportunities: Identify areas where Data & AI can deliver significant business value.
- Justify investment: We help you build a solid business case supported by industry data and benchmarks.
- Optimize resource allocation: Focus investments on initiatives with the highest potential ROI and business professionals.
- Prepare your organization for the future: Stay ahead of the competition by embracing innovative technologies such as Databricks, AI and Machine Learning.
What does a Value Assessment entail?
The Value Assessment for Data & AI Investments covers several key areas:
1. Identification of business opportunities:
- Report on the analysis and findings of your organization's data landscape and processes.
- Identify areas where Data & AI can create significant value.
- Identification of top 3 use cases for your organization.
Estimating return on investment (ROI) 2:
- Evaluate the potential ROI of proposed Data & AI initiatives.
- Compare with industry benchmarks to support investment decisions.
Business priority analysis 3:
- Assess the urgency of each project based on its potential impact on the success of your organization.
- Prioritize initiatives with the greatest impact.
Definition of strategy 4.
- High-level data & AI strategy (people, process, technology and data) aligned with your business strategy.
Roadmap creation 5.
- Develop a strategic roadmap for the implementation of Data & AI initiatives.
- Align the roadmap with your organization's goals and industry trends.
When is a value assessment essential?
- Pre-investment phase: Conducting a value assessment prior to budget and resource allocation can save unnecessary time, money and effort.
- Strategic planning: Integrate assessment findings into your organization's strategic planning process to avoid surprises during or after implementation.
- Periodic reassessment: Get a complete understanding of what works and what no longer serves your organization. Receive an overview of alternatives that could better suit your business and save time and costs.
RevoData's Value Assessment can help your organization harness the full potential of Data & AI by building a robust business case, maximizing return on investment and focusing on high-impact initiatives.
By using innovative technologies such as Databricks, AI and Machine Learning, your company can create significant value.
Would you like more information about the Value Assessment?
Want to know if a value assessment is possible for your organization or use case?
"Using RevoData has significantly improved our team's knowledge of Databricks; gaining valuable insights from experts has proven very useful in setting up our Platforms & Technology datastore."
