Data Strategy
Data Strategy and Organisation Strategy should go hand in hand to achieve the company's vision. Too many firms don’t consider the creation of a solid data foundation and as a result they fail. In the digital age, it is important that data is integrated, shared, trusted, understood, managed and governed properly.
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Everyone in the organisation, including Decision makers, Business analysts, Data scientists, Data engineers need to work together to anticipate and predict the success of their operations.
Businesses require automation and the use of Artificial Intelligence to transform manual processes in automated tasks. The operating and business model are changing. Successful companies such as Amazon, Ali Bank and Tesla use AI in everything they do and work hard to transform manual approval processes to automated ones. Operational cost cutting and time reduction are the immediate consequences, but before, they must be defined a powerful Data Strategy.
Before defining your Data strategy, you should know more about your company and assess your current Data Management maturity level. Check to see whether your organisation is ready for new challenges, whether from process, technology, people or data perspectives.