Every organisation should have a robust data strategy that links directly to their overall business goals. And that data strategy shouldn’t just be a stack of paper; it needs to be a roadmap with clearly defined tactical deliverables. Sound like something you need? Get in touch with Amplifi’s data experts today.
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To use your data to its full potential, and to gain real value from it, you need to have a strategy in place.
You need an outline of how to utilise your data as a strategic asset to support your wider business goals. Any organisation can have a Data Strategy, either covering all aspects of data management, or just focussing on a specific area, to achieve your business vision.
A Data Strategy works to identify data management practices that are critical to business success.
It structures a way for organisations to coordinate, design and mature their data management to support those strategic objectives. It could mean maturing your existing data capabilities or designing wholly new capabilities. These might include evolving the data operating model, optimising the data architecture, or providing a roadmap of projects and initiatives to drive change in data management.
Whether you are about to design a data strategy, have identified the need for one, or have been delivered one and are having trouble with operationalising it, this guide will give you some top tips from our expert data-strategists to help you along the way.
A good data strategy works best as a collaboration between IT and business stakeholders. Together, you can discuss everything needed for successful data management including people, processes, technology and culture, to build a holistic strategy underpinned by the goals of the wider business. A good data strategy looks at all aspects of data management from integration and quality of data through to ongoing data governance.
A good data strategy isn’t trying to ‘boil the ocean’. Having a plan in place to achieve some quick value from the offset with smaller short-term objectives is a great way to kick off your data strategy and rally key stakeholders early before the more deeply strategic, longer-term initiatives come up.
A good data strategy aligns with the overall corporate strategy and enables other business capabilities to deliver their goals. Data is an intrinsic part of a business; your data strategy should reflect this and work to achieve tangible and measurable business outcomes across the whole organisation.
This means companies can no longer have rigid, legislative data strategies which plan years into the future. In order to adapt to the constantly evolving strategic landscape that businesses face, and to help achieve shifting business priorities, organisations need lean, agile data strategies that can adapt with ease and efficiency.
Data is a unique asset that cannot be managed the same way as financial or physical assets. With the volume, variety and velocity of data increasing year on year, businesses need a coherent plan to manage and leverage their data assets, to unlock tangible value.
Every business who creates or uses any type of data, be that product data, people data, asset data, financial data, supply chain data, service data, ingredient data etc… needs a data strategy in place to unlock its value.
If this sounds like your business, Amplifi can help. Get in touch with a member of our expert team today for more information.
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