A data strategy is essential to harnessing the power of data effectively

A data strategy should be in place to support the key objectives, and be aligned with the overall business goals of the organisation.  It is an integral piece of your Digital Transformation journey.

It provides a structured approach to establish how a company should connect, collect and store their data.

This will include data governance, ensuring data quality, security, and compliance along with a robust data infrastructure and architecture to facilitate the collection and storage of all data generated across the organisation.

The strategy should then include how the data will be visualised and analysed in order to provide the necessary actionable insights on which key business decisions can be made.

The current
 data landscape

In today’s digital world data is being created across organisations, from every department by a range of people.

It is often not connected, co-ordinated or focused on business goals resulting in data silos.

Understanding your current data landscape through a system and data audit will provide the starting point in the development of your data strategy.

Data landscape map

The Data Stategy framework

The key building blocks in your data strategy framework should be:

  • Connect, Collect and Store the data
  • Develop Data Governance to ensure people and processes are aligned with data requirements
  • Transformation of the data to provide the datasets required to fuel the end user reports
  • Visualise and analyse the data to identify actionable insights
  • Action the insights to make the necessary changes to business processes or other related key decisions
  • Monitor the actions undertaken to understand if they are working as expected
  • Ultimately allow the business to control its operations and overall performance

 

Leveraging data

Data strategy road map

Helping to establish a plan as to how the business can develop and deliver insights across the organisation.

 

Data strategy road map
A data strategy is a business strategy and NOT a technology strategy.

The key outcome of developing a Data Strategy will to provide the foundations on which to build a connected business.  It will evidence how, by implementing the strategy, the business can align all staff, working across the organisation, ensuring they understand the importance and value of the data they are capturing, and how this data will help the organisation achieve its business goals, ultimately creating a data driven culture.

 

Don’t forget the people!

The technology element or the strategy will be the enabler, it is the people in the business that will be the critical part of success or failure of implementing the strategy.  Educating and engaging people across the organisation throughout the whole process is critical to the process.

 

STRATEGY
STRATEGY
DIAGNOSTICS
DIAGNOSTICS
DATA SERVICES
DATA SERVICES
TRANSFORM
TRANSFORM
REPORTING
REPORTING
VISUALS
VISUALS
DATA SUPPORT
DATA SUPPORT

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