Building a Data Strategy

A data strategy articulates an organization’s plan for reaching high data maturity. Data maturity is the measurement of an organization’s expertise in applying data capabilities to achieve business value. It first requires establishing a data maturity baseline and identifying a target data maturity level. Progress needs to be measured frequently with course correction as needed. Continuous and iterative progress are the objectives of a data strategy. Achieving success with a data strategy requires a focus on data management, Data Governance, Data Privacy, Data Protection, Data Security, and other critical aspects for an organization to succeed in its digital transformation journey. There needs to be careful thought on how to execute and implement a data strategy.

In this chapter, we’ll guide you in creating a data strategy that is applicable across industries. It offers tips to create, execute, and implement a data strategy. It also...