A good business strategy contains many things and many tools are used to reach the final product. Analytics, data governance, and information architecture are just the beginning. DATAVERSITY brought this interesting information to our attention in their article, “It’s Time to Build a Cohesive Data Strategy.”
The information management activities may be siloed across the enterprise and that can pose a distinct problem. It is important to identify and clear those silos as a path to building alliances. For some, that may sound like a strategy from Game of Thrones. However, defining a data strategy is an essential component of your digital transformation journey.
All organizations make decisions about how they engage with, operate on, and leverage their data — whether at an enterprise or project level. Companies that form a holistic point of view in adopting an enterprise-grade data strategy are well positioned to optimize their technology investments and lower their costs. The insights acquired can be used to gain a competitive advantage by being integrated into business operations.
Melody K. Smith
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