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Data Strategy
Every business generates data in some way or shape, and the data is growing exponentially everywhere these days. A data strategy enables businesses to manage, organise, and utilise the data in the best ways to provide more value. Data is like the soil, and it is everywhere, and it can grow other things from it. However, even with good soil, it still needs to be looked after and nurtured before producing anything worthwhile. Data Strategy guides businesses to manage, cultivate and utilise their data efficiently and effectively.
How Can We Help
Strategy Development
Every business is different in its way. However, every business is doing two things with data: producing and consuming data. In general, we can help develop a data strategy that covers the following:
- Define long-term business objectives for its use of data.
- Identify the gaps between the current and future state of the data landscape.
- Describe the changes and activities the business needs to make to close out the identified gaps.
- Justify the business value of implementing these changes.
- Provide a roadmap with the defined programme of work, stage gates and priorities for moving forward.
Data Architecture
According to TOGAF, data architecture comprises the models, policies, rules, and standards that govern the collection, storage, arrangement, integration, and use of data in organisations. Data architecture exists in every business, but many companies do not realise it. We can help:
- Identify the existing data architecture, and analyse its weakness and strengths.
- Propose architectural improvements in the data model and data flow.
Data Management
Data Management can be considered a business function that plans, designs, and actions the policies, practices, and initiatives that acquire, cleanse, transform, deliver, and enhance data value. It is all the things we do with data, and it is embedded within all the different business functional areas.
Most companies think Data Management is an IT function, and IT ensures successful Data Management. However, this is not true. Data is an integral part of any business operation, and the business owns data. Establishing a successful Data Management function needs input and ongoing participation from all the business areas. IT is the guidance and technical lead in this space. The end goal is that the business is self-sufficient to manage the data.
We can help:
- Evaluate the maturity of existing data management, and identify the growth opportunities in this area.
- Analyse and establish a data management practice spanning the functional business area.
Data Goverance
Data Governance is no different from any other business governance, and it is a process to ensure that Data Management actually takes place and is being done correctly.
We can help:
- Design and develop a Data Governance framework that ensures all the data management activities are conducted correctly.
- Manage the Data Governance rollout and ensure the Data Governance is set up to disappear.
Would you like to start a project with us?
Give us a call or email us, we are happy to have a meeting with you to understand what you need and how we can help.