The ability to manage data is more critical than ever. On the one hand, companies need to use data to improve their competitive position and profitability. Data needs to be available and used by the organization. It needs to improve business processes through analytics, models, and visualizations. On the other hand, companies need to handle compliance with regulations and manage the risk associated with data. This requires control, ensuring quality, privacy, and integrity. To balance objectives and be clear on where to go with data, organizations need a data strategy. We understand this balance and can help with a wide range of topics:
- Set the objectives. Make prioritizations and be clear about the role of data in the organization. Understand what will be easy and what will be difficult.
- Involve the business. Work closely with the business functions to understand their day-to-day operations. Build a mutual understanding of what data-driven will mean.
- Get data projects off the ground. Identify the first use-cases. Involve the relevant parts of the organization. Get hands-on with the data to quickly identify the challenges.
- Plan data generation and collection. Understand what data is valuable, and how to generate and collect more of it.
- Organize for the long term. Set up the organization with the required capabilities and processes to become data-driven.