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Introduction

Pricefx's Data Readiness Methodology is a structured approach used by Pricefx and other organizations to prepare data to be ready for effective use in various initiatives, such as data integration and analytics. This process involves steps to identify critical data, ensure good data quality, and ensure timely data availability.

In the context of implementing a pricing solution, data is considered an important component. Therefore, Pricefx has established a Data Readiness Process to assist their customers in preparing data before embarking on the implementation of pricing solutions. This process helps ensure that the data used in pricing solutions is reliable, of high quality, and available when needed.

Learning Objectives

• Gain an understanding of the Data Readiness Process, including how to manage the process like a project.

• Learn how to introduce the DRM process and work with your customers to help them prepare data for their pricing solution.

• Understand the resources required, both within our organization as well as the customer’s organization​.

• Know the estimated time requirements needed for each resource​.

• Review the workbook templates used by Pricefx during the Data Readiness Process​ to catalog customer’s data, locations and ownership

• Illustrate the role of each of the DRM workbooks and the content they will contain.

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