{"id":22095,"date":"2021-03-08T13:30:53","date_gmt":"2021-03-08T12:30:53","guid":{"rendered":"https:\/\/axveco.com\/?p=22095"},"modified":"2021-03-08T14:03:18","modified_gmt":"2021-03-08T13:03:18","slug":"spring-2021-newsletter-lets-go-data-driven","status":"publish","type":"post","link":"https:\/\/axveco.com\/en\/spring-2021-newsletter-lets-go-data-driven\/","title":{"rendered":"Spring 2021 Newsletter &#8211; Lets go Data Driven!"},"content":{"rendered":"\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_one_full-1df1b63c6c045939f2dc1aefbdd8e7ad\">\n.flex_column.av-av_one_full-1df1b63c6c045939f2dc1aefbdd8e7ad{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-av_one_full-1df1b63c6c045939f2dc1aefbdd8e7ad av_one_full  avia-builder-el-0  el_before_av_one_fifth  avia-builder-el-first  first flex_column_div av-zero-column-padding  '     ><p><section  class='av_textblock_section av-km0kikta-fb65d43f705f54fd79e9f59476fc5996 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p><strong>Spring is in the air<\/strong><br \/>\nThe first warm rays of sun have interrupted winter and with vaccination programs now active, we can start to look beyond the current Covid lockdown restrictions.\u00a0Covid has halted and disrupted many businesses whilst also accelerating the shift to\u00a0digital business models across the economy.<\/p>\n<p>We are unlikely to return to the &#8220;old normal&#8221; &#8211; so what will the &#8220;new normal&#8221; be?<\/p>\n<p><strong>Getting ready for a new normal<\/strong><br \/>\nLet&#8217;s start by recognising that our world was already changing before Covid struck and that the lockdown situation has enabled data driven and digitally enabled businesses to flourish where traditional models have floundered.\u00a0 The core message is simple &#8211; there has been a major shift towards digitally enabled platform and data driven business models.\u00a0 Many data driven businesses have doubled in value during Covid!<\/p>\n<p>Why is this happening? Its because of data and the way this is now being used!\u00a0 In this <a href=\"https:\/\/axveco.us16.list-manage.com\/track\/click?u=ba577cce446dae2301d305f35&amp;id=2aed6900c2&amp;e=e4e9caab78\" target=\"_blank\" rel=\"noopener\">article<\/a> we summarise the major changes that have taken place and highlight the emergence of a new business model.<\/p>\n<\/div><\/section><br \/>\n<div  class='hr av-av_hr-23b3846cdd0fbd0e234720a594f6db24 hr-default  avia-builder-el-2  el_after_av_textblock  el_before_av_textblock '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-km0kqu94-1889a276824de28664b161b93a68c009 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p><strong>Our world is not just mirrored in a data world \u2013 it\u2019s being driven by it<\/strong><br \/>\nNine of the top 10 currently most valuable companies in the world are technology majors, Tesla is already worth more than the next nine major car manufacturers combined, Apple is worth more than the entire FTSE 100. Unicorn startups such as Revolut, Klarna and Adyen are disrupting financial services whilst innovative rising stars disrupt other sectors as varied as car rental (Car2Go and Greenwheels) and Accommodation (Booking and AirBnB).<\/p>\n<p><strong>Emergence of a &#8220;Data Driven&#8221; business model<\/strong><br \/>\nIn almost every sector of the economy, from government, security and military, to financial services, manufacturing, healthcare and telecoms \u2013 a new type of business model has arisen which is changing the rules of competition. this business model is referred to as the &#8220;Data Driven&#8221; or &#8220;Platform&#8221; business model.\u00a0 Once established this new model is very difficult to compete against \u2013 as many traditionally organised businesses have discovered.<\/p>\n<\/div><\/section><\/p><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_one_fifth-1df1b63c6c045939f2dc1aefbdd8e7ad\">\n.flex_column.av-av_one_fifth-1df1b63c6c045939f2dc1aefbdd8e7ad{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-av_one_fifth-1df1b63c6c045939f2dc1aefbdd8e7ad av_one_fifth  avia-builder-el-4  el_after_av_one_full  el_before_av_three_fifth  first flex_column_div av-zero-column-padding  column-top-margin'     ><\/div><\/p>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_three_fifth-862f0c8b97abc46405e90743a1c7ee0e\">\n.flex_column.av-av_three_fifth-862f0c8b97abc46405e90743a1c7ee0e{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-av_three_fifth-862f0c8b97abc46405e90743a1c7ee0e av_three_fifth  avia-builder-el-5  el_after_av_one_fifth  el_before_av_one_fifth  flex_column_div av-zero-column-padding  column-top-margin'     ><section  class='av_textblock_section av-km0kt1ou-ca8380d514e06540f8645c781507900d '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p style=\"text-align: center;\"><a href=\"https:\/\/axveco.com\/wp-content\/uploads\/2021\/03\/DDB-Model-Picture.png\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-22098 aligncenter\" src=\"https:\/\/axveco.com\/wp-content\/uploads\/2021\/03\/DDB-Model-Picture.png\" alt=\"\" width=\"207\" height=\"182\" srcset=\"https:\/\/axveco.com\/wp-content\/uploads\/2021\/03\/DDB-Model-Picture.png 1288w, https:\/\/axveco.com\/wp-content\/uploads\/2021\/03\/DDB-Model-Picture-300x264.png 300w, https:\/\/axveco.com\/wp-content\/uploads\/2021\/03\/DDB-Model-Picture-1030x907.png 1030w, https:\/\/axveco.com\/wp-content\/uploads\/2021\/03\/DDB-Model-Picture-768x676.png 768w, https:\/\/axveco.com\/wp-content\/uploads\/2021\/03\/DDB-Model-Picture-705x621.png 705w, https:\/\/axveco.com\/wp-content\/uploads\/2021\/03\/DDB-Model-Picture-600x528.png 600w, https:\/\/axveco.com\/wp-content\/uploads\/2021\/03\/DDB-Model-Picture-341x300.png 341w\" sizes=\"auto, (max-width: 207px) 100vw, 207px\" \/>The Data Driven or Platform Business Model<\/a><\/p>\n<\/div><\/section><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_one_fifth-862f0c8b97abc46405e90743a1c7ee0e\">\n.flex_column.av-av_one_fifth-862f0c8b97abc46405e90743a1c7ee0e{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-av_one_fifth-862f0c8b97abc46405e90743a1c7ee0e av_one_fifth  avia-builder-el-7  el_after_av_three_fifth  el_before_av_one_full  flex_column_div av-zero-column-padding  column-top-margin'     ><\/div><\/p>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_one_full-1df1b63c6c045939f2dc1aefbdd8e7ad\">\n.flex_column.av-av_one_full-1df1b63c6c045939f2dc1aefbdd8e7ad{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-av_one_full-1df1b63c6c045939f2dc1aefbdd8e7ad av_one_full  avia-builder-el-8  el_after_av_one_fifth  avia-builder-el-last  first flex_column_div av-zero-column-padding  column-top-margin'     ><p><section  class='av_textblock_section av-km0kvxza-7296461e3d230e1ad8b704f224e1a32b '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p><strong>The three steps to\u00a0go &#8220;Data Driven&#8221;<\/strong><\/p>\n<p>We strongly believe that business leaders must now consider data as one of the most important resources in business.\u00a0 The businesses who are using\u00a0data and AI are already leading in almost every sector of our economy.\u00a0 This requires that business leaders reconsider the role that data plays in their business model &#8211; and how it is captured, managed and leveraged to improve efficiency and provide smart propositions to clients.<\/p>\n<p>We can help\u00a0you and your organisation understand the impact data is having and make the shift to be\u00a0data driven and digitally enabled.\u00a0This requires taking <strong><em>three steps<\/em><\/strong>\u00a0as described below (with links):<\/p>\n<ol>\n<li>Understand the platform and <a href=\"https:\/\/axveco.us16.list-manage.com\/track\/click?u=ba577cce446dae2301d305f35&amp;id=f9914daf97&amp;e=e4e9caab78\" target=\"_blank\" rel=\"noopener\">Data Driven Business model<\/a><\/li>\n<li>Manage data to be <strong>F<\/strong>indable, <strong>A<\/strong>ccessible, <strong>I<\/strong>nteroperable and <strong>R<\/strong>eusable &#8211; <a href=\"https:\/\/axveco.us16.list-manage.com\/track\/click?u=ba577cce446dae2301d305f35&amp;id=0d3a4910f0&amp;e=e4e9caab78\" target=\"_blank\" rel=\"noopener\">FAIR<\/a><\/li>\n<li>Leverage data with smart propositions using <a href=\"https:\/\/axveco.us16.list-manage.com\/track\/click?u=ba577cce446dae2301d305f35&amp;id=05acaaafab&amp;e=e4e9caab78\" target=\"_blank\" rel=\"noopener\">AI<\/a><\/li>\n<\/ol>\n<p>Our unique three step\u00a0approach is described\u00a0<a href=\"https:\/\/axveco.us16.list-manage.com\/track\/click?u=ba577cce446dae2301d305f35&amp;id=21295c2e12&amp;e=e4e9caab78\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/p>\n<p>This three step transformational journey can be followed as an individual, as a team or with an entire organisation.\u00a0 We combine live consulting support with online eLearning and interactive webinars to realise the essential transformation both quickly and efficiently.<\/p>\n<\/div><\/section><br \/>\n<div  class='hr av-av_hr-23b3846cdd0fbd0e234720a594f6db24 hr-default  avia-builder-el-10  el_after_av_textblock  el_before_av_textblock '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-km0kwtkd-3b8d71834e6904423119936a9bc85709 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p><strong>FAIR Data Management &#8211; Awareness and Stewardship<\/strong><br \/>\nFAIR stands for <strong>F<\/strong>indable, <strong>A<\/strong>ccessible, <strong>I<\/strong>nteroperable and <strong>R<\/strong>eusable &#8211; just what we want for Data!\u00a0\u00a0On average we waste around 10% of our time looking for correct, reliable, accessible and accurate data. Due to the difficulty of finding and maintaining data, people also start producing their own local copies, making the problem of managing this data even bigger.<\/p>\n<p>To address the need to manage data within a data driven business, we have launched a completely new learning path under the name <a href=\"https:\/\/axveco.us16.list-manage.com\/track\/click?u=ba577cce446dae2301d305f35&amp;id=23ff127643&amp;e=e4e9caab78\">FAIR Awareness<\/a>.\u00a0 FAIR Data is the bridge between data-driven business models and Artificial Intelligence and we describe <em><strong>how<\/strong><\/em> to manage data using the FAIR principles.<\/p>\n<p>Our first clients have now followed the FAIR Awareness learning path as a combination of online learning and interactive, online workshop. This blend helps create alignment and realise transformation using online interaction.<\/p>\n<p>We are now building the follow-up, namely the FAIR <em><strong>Data Stewardship<\/strong><\/em>training. This will go deeper into the implementation of FAIR principles in the organisation and thus follow on from the Awareness path.<\/p>\n<\/div><\/section><br \/>\n<div  class='hr av-av_hr-23b3846cdd0fbd0e234720a594f6db24 hr-default  avia-builder-el-12  el_after_av_textblock  el_before_av_textblock '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-km0kxh4w-d8c3ec9061944771a4b41a4dadac5769 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p><strong>Our AI and Blockchain programmes are now accredited by EXIN<\/strong><br \/>\nWe are delighted to announce that our online <a href=\"https:\/\/axveco.us16.list-manage.com\/track\/click?u=ba577cce446dae2301d305f35&amp;id=807791519a&amp;e=e4e9caab78\" target=\"_blank\" rel=\"noopener\">AI learning journeys<\/a> have been accredited by EXIN to the internaitonal BCS AI Essentials and Foundation levels.\u00a0 Our <a href=\"https:\/\/axveco.us16.list-manage.com\/track\/click?u=ba577cce446dae2301d305f35&amp;id=6f8ef6e69f&amp;e=e4e9caab78\" target=\"_blank\" rel=\"noopener\">Blockchain<\/a> learning journeys are also accredited by EXIN. You can now take the relevant exam to gain a professional certification after following our accredited learning path.<\/p>\n<\/div><\/section><br \/>\n<div  class='hr av-av_hr-23b3846cdd0fbd0e234720a594f6db24 hr-default  avia-builder-el-14  el_after_av_textblock  el_before_av_textblock '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-km0kyfg6-2c9d4a0fa140cf71aefaecefd1b6f9c6 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p><strong>Collaborative Risk Management learning<\/strong><br \/>\nWe will soon be starting the collaborative learning programme where a number of financial institutions collaborate on <a title=\"https:\/\/axveco.us16.list-manage.com\/track\/click?u=ba577cce446dae2301d305f35&amp;id=b48499761e&amp;e=e4e9caab78\" href=\"https:\/\/axveco.us16.list-manage.com\/track\/click?u=ba577cce446dae2301d305f35&amp;id=b48499761e&amp;e=e4e9caab78\" target=\"_blank\" rel=\"noopener\">risk management <\/a>learning paths using our platform.\u00a0 Our Foundation programme is already live and in use and we will start working soon on an expert level programme and a Fit for the Future programme.\u00a0 If you are interested in collaborating on this then please contact us.<\/p>\n<\/div><\/section><br \/>\n<div  class='hr av-av_hr-23b3846cdd0fbd0e234720a594f6db24 hr-default  avia-builder-el-16  el_after_av_textblock  el_before_av_textblock '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-km0kyfg6-2c9d4a0fa140cf71aefaecefd1b6f9c6 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p><strong><em>And we continue to share our thinking on a broad range of platforms<\/em><\/strong><br \/>\nWe continue to deliver our thinking via our education and industry partners. We have largely switched to running masterclasses via webinars with electronic dashboard instead of classroom setting due to Covid.<\/p>\n<p>We have also discoverd that we can shorten our three day classical programmes to two days when the participants firstly follow the eLearning.\u00a0 This enables us to focus on confirming understanding, answering questions and addressing implementation in the live session, rather than knowledge transfer.\u00a0 The eLearnings achieve their learning goals!<\/p>\n<p>We hope you remain healthy and look forward to talking again soon.<\/p>\n<p><a href=\"https:\/\/axveco.us16.list-manage.com\/track\/click?u=ba577cce446dae2301d305f35&amp;id=769d9bccd9&amp;e=e4e9caab78\" target=\"_blank\" rel=\"noopener\">Alex Dowdalls<\/a><br \/>\n<em>Partner<\/em><br \/>\n<a href=\"mailto:adowdalls@axveco.com\" target=\"_blank\" rel=\"noopener\">adowdalls@axveco.com<\/a><br \/>\nT:\u00a0\u00a0 +31 653 204 932<\/p>\n<\/div><\/section><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":7,"featured_media":21728,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[170],"tags":[296,245,147,233,235],"class_list":["post-22095","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en","tag-artificial-intelligence","tag-blockchain","tag-business-model___en","tag-non-financial-risk","tag-risk-culture"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.0 (Yoast SEO v28.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Spring 2021 Newsletter - Lets go Data Driven! 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