Having a strategy is paramount to creating a data driven organization. A lack of data strategy is a major contributor poor returns on investment.
Read MoreMastering Data Strategy: A Three-Part Video Guide
Having a coherent and effective data strategy is more crucial than ever for organizations aiming to harness the power of their data. Whether you’re a data professional, a business leader, or someone keen to understand the intricacies of data analytics, this article is your gateway to mastering data strategy.
In this article we share a series of videos that will take you through two common issues, the foundational building blocks necessary for crafting a robust strategy, and the practical steps required for successful implementation.
Before we get to the videos, we should first define what is a data strategy. A data strategy is a long-term plan that defines the people, processes, and technologies necessary to use data to support your business goals. A data strategy gives you actionable steps to reach the desired end state. A strategy should be customized to your business goals and challenges. A well-crafted strategy considers your business’ capabilities, maturity, and industry to create a practical data analytics plan to drive business value.
Strategy Solves Common Data Issues (Video 1)
Our first video, titled “Strategy Solves Common Data Issues” shifts the focus towards the practical application of data strategy in overcoming prevalent business challenges. This video addresses two of the most common hurdles organizations face today: lack of trust in data and knowing what projects to pursue.
Six Building Blocks of Data Strategy (Video 2)
Continuing on our journey, the next video, “Six Building Blocks of Data Strategy” presents an essential roadmap for navigating the complexities of establishing a formidable data strategy. This video goes beyond the basics, diving into the critical components that form the backbone of any successful data strategy.
Six Steps To A Data Strategy Roadmap (VIDEO 3)
Our final video, “Six Steps To A Data Strategy Roadmap” is designed to guide you through the steps of creating a data strategy. A roadmap is a clear an actionable plan used to implement a data strategy. It’s a strategic compass that outlines a prioritized list of projects, ensuring that every step taken is a step closer to achieving your business goals. This video, walks you through the six essential steps to craft your own data strategy roadmap.
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Read MoreLooking for help implementing your data strategy? apply for A data strategy consultation with one of our strategists.