Unlocking business value with data stewardship
Let’s explore the importance of data stewardship in unlocking business value. Data stewardship can help your organization to make informed decisions based on trustworthy data. This is the cornerstone of all your data analytics and AI initiatives because data is the ultimate fuel.
Let’s understand what a business strategy is and why it’s relevant to data strategy and data governance.
Understanding business strategy
Let’s zoom in on the concept of business strategy and how it is used to drive business outcomes. Since it is not a book about business strategy, we will just lightly touch on how a business strategy is developed.
A business strategy is a plan of action that outlines how a business will achieve its goals and objectives. It involves setting objectives, identifying resources, analyzing the competitive environment, and creating a plan of action to reach the desired outcome. The strategy should...