Mastering Your Data Domains and Business Ownership

In this chapter, we are shifting gears and will be reflecting on our journey in a fast-forward way. The establishment of a highly efficient, global, central Data Management team marked a significant achievement. This team caters to thousands of internal users daily, operates on a specialized data quality platform, and enables both proactive and predictive data management while ensuring accessibility.

Initially, this achievement was gratifying. However, challenges arose with the increasing complexity of data issues and new domains demanding attention. The costs of maintaining this expanding platform, adaptable to changing business needs and new functionalities, began to be too expensive. Despite stakeholders’ satisfaction and willingness to cover rising costs, it was evident that a change in strategy was needed for sustained success amid these evolving challenges. But what was this change in strategy?

Let’s dive...