Developing your data strategy starts with understanding the needs of your business and the resources available to you. Think about what critical decisions need to be made and the data you’ll need to make them. Start by understanding the fundamentals of your data and identifying the ways data can be used in your organization.
Next, look at the data-driven processes you’re currently using, and identify areas of improvement. How can you make sure that the data you are collecting is accurate, relevant and secure? What privacy regulations do you need to consider when collecting and processing this data? Are you able to easily segment and visualize the data trends that are important to you?
Finally, develop a timeline and budget for implementing your data strategy. What tools or technology do you need to get started? Are there any training needs that need to be met? Developing a plan for each stage of your data strategy’s implementation will help ensure that it is successful and on track.