Value Engineering Framework
One cannot determine the value of one’s data in isolation of the business.The Value Engineering Framework deconstructs an organization’s Strategic Business Initiative or business challenge into its supporting business components (including stakeholders, decisions, KPIs, and use cases) and supporting data and AI analytics requirements. It starts by understanding how your organization creates value, identifying the internal and external stakeholders involved in that value-creation process, pinpointing the Key Performance Indicators (KPIs) and metrics against which value-creation effectiveness will be measured, and prioritizing the decisions that the stakeholders need to make to support the organization’s value creation processes (Figure 4).
The Value Engineering Framework is a simple process that requires close collaboration across the broad spectrum of internal and external stakeholders who either...
