Translating strategy into execution

In this section, we will explore the process of transforming a business strategy into a data strategy and then into data stewardship. We will provide you with an understanding of how to create a feedback loop between business strategy and data stewardship to ensure continuous improvement.

Executing a data strategy involves putting the plan into action. This involves implementing the data collection and management processes, developing the analytics and reporting tools, and creating the necessary infrastructure to support the data strategy.

The following subsections list the steps to execute a data strategy, common challenges faced, and recommendations to tackle those challenges.

Data collection

The first step in executing a data strategy is to collect the necessary data. Again, do not boil the ocean, and try to use the concept of CDE to scale down the complexity when you start a pilot. This involves setting up the data scoping process...