How To Deliver Data Strategy in 4 Steps

Part 1 of this series dealt with “Data Strategy — Your Ticket To Future Success — Part 1.” We’ll now talk about “How” to deliver Data Strategy in some simple steps.

Strategy is about doing the right things and tactics is about doing things right. Data Strategy is about doing the right things to distill Data into insights for the organization.

As I mentioned in Part 1, a good enterprise Data Strategy should be actionable to your specific organization and evolutionary to adjust to disruptive forces. Now let’s discuss the process to guide your organization to lay out your org-specific Data Strategy. It is a simple 4 step process I’ve used and this high-level framework for Data Strategy addresses the key elements of People, Processes, Technology, and Data.

Step 1: Planning and Discovery

This step encompasses identifying business objectives & needs, enlisting sponsors & stakeholders, defining scope & schedule, and discovering technology & data assets that have a role in the Data Strategy. I’ll dig little more into business objectives and stakeholders points which I believe are very crucial.

Identify Business Objectives and Problems that need to be solved with data