Author: DATAVERSITY via YouTube
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Too often, the question “Can you help me with our data strategy?” focuses on the least valuable component: the data strategy itself. A more useful request is, “Can you help me apply data strategically?” At early maturity phases, developing strategic thinking about data is more important than the actual product. This program refocuses efforts on learning how to iteratively improve the way data is strategically applied, allowing data-based strategy components to keep up with agile, evolving organizational strategies. It also contributes to three primary organizational data goals: improving your organization’s data, the way your people use data, and the way your people use data to achieve your organizational strategy.

Data are your sole non-depletable, non-degradable, durable strategic assets, and they are pervasively shared across every organizational area. Addressing existing challenges programmatically includes overcoming necessary but insufficient prerequisites and developing a disciplined, repeatable means of improving business objectives. This process, based on the theory of constraints, is where the strategic data work really occurs. Organizations identify prioritized areas where better assets, literacy, and support (data strategy components) can help achieve specific strategic objectives. Then the process becomes lather, rinse, and repeat. Several complementary concepts are also covered, including a cohesive argument for why data strategy is necessary for effective data governance, an overview of prerequisites for effective strategic use of data strategy, and a repeatable process for identifying and removing data constraints.

Download slides here: https://www.dataversity.net/jan-14-data-ed-webinar-applied-data-strategy/

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