Gartner Research

Steps to Build a Value Model of Leading Indicators for the Digital Era

Published: 24 January 2018

ID: G00351248

Analyst(s): Saul Brand , Michael Smith , Dale Kutnick

Summary

The advent of new technologies has made new business models possible. To assess and implement these new models, enterprise architecture and technology innovation leaders, working with CIOs and business leaders, should build a value model comprised of a set of "digitally oriented" leading indicators.

Table Of Contents

Introduction

Analysis

  • The Gartner Business Value Model
  • Map New Digital Leading Indicators to the Gartner Business Value Model
  • Use a Value Model to Address Digital Business Model Questions
  • Guidelines for Developing Digital Leading Indicators
  • Steps to Build a Value Model of Digital Leading Indicators
    • Step 1: Assign the Value Model Project
    • Step 2: Develop a Project Plan
    • Step 3: Seek C-Suite Approval
    • Step 4: Socialize the Project
    • Step 5: Develop the Business Case
    • Step 6: Seek Project Authorization
    • Step 7: Assemble a Cross-Functional Team
    • Step 8: Schedule Meetings
    • Step 9: Present Version 1.0 of the Value Model
    • Step 10: Conduct Periodic Assessment or Review (Iterations)
  • Bottom Line

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