A Data Strategy describes an overarching approach that maps a high-level course of action to achieve your organisation’s strategic data goals.
This includes identifying your business drivers and related data sources within your organisation, the value they provide, and how different departments will use them to achieve their objectives.
In our opinion, most companies need a Data Strategy before they start thinking about Data Management Strategy. A corporate Data Strategy also covers security, data demand access, governance and compliance considerations.
A Data Strategy covers several areas, including:
- Key Business cases
- Guiding data principles
- Capabilities needed, such as Data Governance, Data Quality and Data Architecture
- Roles and responsibilities
- Success metrics
- Roadmap with clear objectives
Why do you need a corporate Data Strategy?
A good corporate data strategy is a coherent and actionable set of analyses, concepts, policies, goals, reasoning, and steps designed to unlock the value of your data so you can thrive in the high-stakes digital world.
Without a data strategy, you can easily get distracted building dashboards for every data set or chasing shiny new software you don’t need or aren’t ready for. Even worse, you’re likely to ignore root causes and fundamental issues in favour of point solutions and quick fixes.
However, a good corporate data strategy gives you clear goals and concrete actions and helps you ruthlessly prioritise initiatives with the most value to your business. Armed with your strategy, you avoid distractions, stay on track, and focus on correcting the root causes of your problems.
Rely on us for the following services
Are you ready to start working on a corporate Data Strategy to drive further Data initiatives? Our team of Data Strategy experts can help you set up a roadmap, work on the foundations or even guide you through the whole process.
Besides Data Strategy services, we can also help you with the following:
- Helping you select a Data Catalog Tool that is right for you
- Increasing Data Literacy and offering Data Education
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