A Data Strategy is a reliable touchstone created by an organization for businesspeople to apply when confronting challenges in executing data activities to meet or support a business strategy. It offers direction when generating, updating, storing, and consuming data to better perform these tasks. Managers use a Data Strategy to plan, assess, and synchronize data […]
Developing a Data Strategy Template
Organizations want a solid and usable Data Strategy template – a well-thought-out plan for a set of decisions that form a pattern, charting a high-level course of action – but face challenges. For example, only 30% of companies have impactful data strategies that align with some operations, resulting in wasted investments in improving analytics and business insights. Instead, most […]
Aligning Data Architecture and Data Strategy
Peter Aiken disagrees with the popular idea that it’s impossible to put a dollar value on Data Architecture. “It won’t be the right number, but it will be at least a dollar value on it, and if there’s money involved, people should be paying attention to it.” Aiken is an author, Professor of Information Systems, […]
What Is a Digital Transformation Strategy?
A digital transformation strategy is a detailed plan to improve and innovate existing business processes using digital technologies. An organization that can refine its operations and leverage automation can better support customers and allow employees to focus on activities requiring a more hands-on approach. Adopting digital technologies must be done in a way aligned with an organization’s […]
Guide to Building a Data Strategy Framework
Your data strategy is only as good as the framework supporting it. If you don’t have a framework in the first place, you won’t have a strategy. This isn’t something that is necessarily complicated to plan out, but it can be confusing to know what exactly constitutes a good data foundation. With that in mind, below […]
Data Management vs. Data Strategy
In a DATAVERSITY® interview, Donna Burbank, the Managing Director at Global Data Strategy, said, “The difference between Data Management vs. Data Strategy is almost in the definition of the two words. Think about your money. If you’re just managing it, you’re sort of just getting by, but if you’re thinking strategically, you’re really thinking of […]
Taking the Right Steps to Implement Data Governance and Data Stewardship
Data as an asset comes up a lot in conversations these days. Data Governance enters the picture because of the huge role Data Strategy plays in supporting the business strategy – and the need for that to happen without compromising data security, according to Mary Levins, Data Governance Principal at Sierra Creek Consulting. Among the […]
Re-imagining the Business with Artificial Intelligence
Artificial Intelligence (AI) will be a strategic capability and competitive advantage, no doubt. Statistics speak to that point. According to AI startup advisor Steve Ardire during his presentation (co-presented with Mico Yuk) at the DATAVERSITY® Enterprise Data World Conference titled “Why Enterprise Organizations Use AI as a Strategic Capability and Competitive Advantage,”AI is expected to […]
Data Strategy vs. Data Architecture
“Data Leadership is about understanding the organization’s relationship with data and seeking ways to help the organization meet its goals using whatever tools are available,” said Anthony Algmin, of Algmin Data Leadership in a DATAVERSITY® interview. Within that overall Data Leadership Framework, sit Data Strategy and Data Architecture as individual disciplines. Data Strategy Companies often […]
Data Architecture with Data Governance: A Proactive Approach
“Data Architecture is the physical implementation of the Business Strategy,” said Nigel Turner, Principal Consultant in E.M.E.A. at Global Data Strategy, speaking at the DATAVERSITY® Enterprise Data Governance Online Conference. “It’s a key part of the whole continuum that you need to build within an organization to manage data effectively,” and Data Governance forms an […]