26 Feb CharterX and InfoCentric: Insights for Business Strategy Alignment in Today’s Climate
In the ever-evolving landscape of business strategy and digital transformation, partnerships play a crucial role in ensuring alignment with overarching goals. At InfoCentric, we’re proud to collaborate with CharterX, an Australian advisory firm specialising in guiding organisations to align their business strategy with their digital, information, and technology strategies.
Together, we’ve had the privilege of gaining insights from various organisations across industries, highlighting the challenges, opportunities and considerations in today’s economic climate. As Australia experiences a tightening of monetary policy, impacting consumer spending and revenue outlooks for many organisations in the short to medium term, it’s imperative to reassess strategies and investments to ensure there remains a strategic focus as well as a prudent view of the current operating environment..
Amidst these challenges, two key considerations stand out:
1. Performance Focus
Are we measuring the right metrics in the current operating environment?
2. Investment Alignment:
Are we directing our funds effectively in light of current circumstances?
The Challenge Today
Our observations indicate that many organisations are still operating with performance measurement processes and investment decisions established in a different economic context. While some are proactively adapting, there’s a spectrum of responses across different management levels.
So, what does this mean for CEOs, CIOs and CDOs?
Firstly, it’s essential to evaluate the alignment of your organisation’s focus and investments. This necessitates a deep understanding of your business strategy, objectives, program portfolio, and access to relevant information.
Secondly, establishing benchmarks against your organisation’s positioning within your sector or relevant industries is beneficial. This involves defining robust performance metrics and KPIs for ongoing monitoring and measurement.
Lastly, prioritising outcomes that yield a net positive impact in the short to medium term is critical. Executing a revised strategy requires detailed investment roadmaps and operational plans to ensure alignment with overarching goals.
At InfoCentric and CharterX, we’re committed to assisting organisations in navigating these challenges and opportunities. Together we bring the best of business and data strategy, leveraging our collective experience to deliver real insights into your execution roadmap. Reach out to us to learn more about how businesses are addressing these crucial considerations and adapting their strategies to thrive in today’s economic climate.
About CharterX and InfoCentric:
InfoCentric has a partnership with advisory firm CharterX who specialise in helping organisations to align their business strategy with their digital, information and technology strategy through a range of proven approaches and experienced practitioners.
The combined capabilities of CharterX and InfoCentric can help organisations address the challenges and opportunities of the new economy. We look beyond the technology focussing first on how data can be used to power your business and then how data can be collected, enriched, governed and utilised to turn that vision into reality.
Together we will help you:
- Imagine how data can be used to drive better business and customer outcomes
- Develop strategies for integrating, curating and managing the data you need
- Develop an adaptable technology architecture that will give you the right capabilities to acquire, curate, store, analyse and use the data.
- Provide the technical skills required to build, manage and enrich the data on an on-going basis.
By combining our joint advisory skills with the broader technical skills available within InfoCentric, we assist our clients to reimagine, transform and evolve to their best possible future, driven by data and enabled by technology.
Learn More:
The importance of a data analytics strategy
How to lead through disruption with data and analtyics
Providing real business value through a data strategy