Kickstart your Data Strategy at your portfolio company

  • Private equity
  • 7/6/2022

Data has enormous value and exciting potential. You know this. What’s not clear is what your data could do, or how you turn a mountain of information into something ...

Data has enormous value and exciting potential. You know this. What’s not clear is what your data could do, or how you turn a mountain of information into something informative and actionable. If, like everyone else, you think it is time to put your data to work, a phase zero assessment from CLA is the place to start.


What is a Phase Zero Assessment?


It’s designed to answer a simple question: what could your data do for you? If there are questions that need answered or problems that need solved, data plays an important role. A phase zero assessment figures out what’s possible, practical, and impactful, then plans a roadmap for data-driven initiatives customized to your objectives. Think of it as the easy way to get a data strategy off on the right foot and moving towards success.


What Does a Phase Zero Assessment Entail?


A systematic approach finds all the opportunities inside your data and uncovers the initiatives with the greatest ROI. The assessment has three phases:


● Discovery – Our team reviews your existing reports, dashboards, data sources, and infrastructure while collaborating with key stakeholders to understand your needs, goals, and challenges.
● Development – Based on the discovery, we identify use cases and make recommendations, giving priority to those projects that deliver high value or quick wins.
● Deliverables – You receive a current/future state illustration revealing how data will evolve after consolidating sources and streamlining processes. That’s accompanied by an implementation roadmap detailing various options, timelines, and associated costs. The final deliverable is a sample dashboard that turns a hypothetical use case into a real-world tool.


By the end of the assessment, you know how data could serve your strategic objectives. More importantly, you know exactly how to proceed (if and when you choose). CLA can stop at phase zero or continue as your partner as you put plans into action.


Who is a Phase Zero Assessment Right For?


Affordable, accessible, and insightful, a phase zero assessment makes sense for any organization (regardless of size, industry, or technical expertise) that wants to do more with their data. Whether you see data as an opportunity, an obligation, or both, the team at CLA can help you move fast and choose wisely. Don’t let data sit in storage any longer – it’s the solution to so much.


What could it solve at your organization? Contact CLA to explore the answer.

This blog contains general information and does not constitute the rendering of legal, accounting, investment, tax, or other professional services. Consult with your advisors regarding the applicability of this content to your specific circumstances.

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