A solid data strategy provides a vision and a roadmap for the collection, management, and utilization of data to achieve business goals and objectives.
Having a strategic framework for applying data to solving business challenges enables deep alignment with business strategy, creating opportunities to leverage data as the transformative asset is has the potential to be.
Data strategy is a multi-faceted concept balancing compliance, security, and privacy considerations with the ability and desire of the organization to deploy data assets to drive business agility, market and competitive differentiation, and sustainable value generation.