• Home
  • Archive
  • Tools
  • Contact Us

The Customize Windows

Technology Journal

  • Cloud Computing
  • Computer
  • Digital Photography
  • Windows 7
  • Archive
  • Cloud Computing
  • Virtualization
  • Computer and Internet
  • Digital Photography
  • Android
  • Sysadmin
  • Electronics
  • Big Data
  • Virtualization
  • Downloads
  • Web Development
  • Apple
  • Android
Advertisement
You are here: Home » What is a Data Strategy?

By Abhishek Ghosh January 7, 2020 8:47 pm Updated on January 7, 2020

What is a Data Strategy?

Advertisement

Today, the value of data is not unknown. Data no longer just a byproduct of business activities. Rather, most of the organizations have understood that data is valuable. Knowledge Discovery in Databases was discussed to point towards unlocking the value of data. Some of the organizations may not know how to properly collect data or convert into a useful form, or a few steps ahead – to derive insights from the data. A correct data strategy works as a guideline for a specific organization carry out these properly and consistently. A data strategy is a plan of how a company will collect, store, and use data. Acquiring good data with a proper goal is a business decision. Even after long-term investments in data management, various data problems may continue to grow inside an organization. The reason behind such may be the fact that data often not treated as an asset.

Most of the organizations have different options when it is about the ways to collect and store data, channel it to decision-makers, and take care of the take care of the personal information.
The processes related to the mentioned can be made efficient. Various organizations under question may reduce the risk by determining various matters, such as who can access and who can analyze the data. A well-prepared data strategy can align data with strategic business initiatives. These, in turn, may be generating business value from data. Data strategy is not an isolated matter but is inextricably linked to the business strategy of an organization. When an organization’s business strategy requires to be more customer-centric, then they need to identify the specific points of impact. Once there are starting and ending points, it will be possible to create a proper data strategy which may deliver an impact.

The organizations mature in terms of data over time across a dimensions like users, roles and skills. Most of the organizations improve around managing and using data after years of work. Then the focus moves to learning to extract insight and formulating effective actions.

Advertisement

---

What is a Data Strategy

It is often mandatory to incorporate certain data strategy principles into the plans which may help in pushing towards a correct direction and move the organization toward the original goals. A data strategy may cover these points :

  • goals
  • vision
  • business reason
  • guiding principles
  • roles of the employees
  • measurement of success
  • short-term objectives
  • long-term objectives

This Article Has Been Shared 256 Times!

Facebook Twitter Pinterest
Abhishek Ghosh

About Abhishek Ghosh

Abhishek Ghosh is a Businessman, Orthopaedic Surgeon, Author and Blogger. You can keep touch with him on Twitter - @AbhishekCTRL.

Here’s what we’ve got for you which might like :

Articles Related to What is a Data Strategy?

  • Apache Hadoop, Spark Vs. Elasticsearch/ELK Stack

    Apache Hadoop, Spark Vs. Elasticsearch aka ELK is a Good Topic. In Different Way – Why Peoples Use Elasticsearch When Hadoop, Spark Exists?

  • List of Python Libraries For Data Science & Machine Learning

    Knowing basics around Python is a need for development in Data Science. Here is List of Python Libraries For Data Science & Machine Learning.

  • What is ETL (Extract, Transform and Load)?

    ETL is the process which moves data from multiple sources, reformat, clean them, load into another database, data mart or data warehouse.

  • What is Graph Database?

    A graph database uses graph structures instead of tables or documents. Most graph database are not database as they do not store data.

  • What is Process Mining?

    Process Mining is a process management technique that enables business processes to be reconstructed and evaluated on the basis of digital traces in IT systems.

Additionally, performing a search on this website can help you. Also, we have YouTube Videos.

Take The Conversation Further ...

We'd love to know your thoughts on this article.
Meet the Author over on Twitter to join the conversation right now!

If you want to Advertise on our Article or want a Sponsored Article, you are invited to Contact us.

Contact Us

Subscribe To Our Free Newsletter

You can subscribe to our Free Once a Day, Regular Newsletter by clicking the subscribe button below.

Click To Subscribe

Please Confirm the Subscription When Approval Email Will Arrive in Your Email Inbox as Second Step.

Search this website…

 

Popular Articles

Our Homepage is best place to find popular articles!

Here Are Some Good to Read Articles :

  • Cloud Computing Service Models
  • What is Cloud Computing?
  • Cloud Computing and Social Networks in Mobile Space
  • ARM Processor Architecture
  • What Camera Mode to Choose
  • Indispensable MySQL queries for custom fields in WordPress
  • Windows 7 Speech Recognition Scripting Related Tutorials

Social Networks

  • Pinterest (20K Followers)
  • Twitter (4.9k Followers)
  • Facebook (5.8k Followers)
  • LinkedIn (3.7k Followers)
  • YouTube (1.2k Followers)
  • GitHub (Repository)
  • GitHub (Gists)
Looking to publish sponsored article on our website?

Contact us

Recent Posts

  • What is Domain-Driven Design (DDD)? January 23, 2021
  • Top 10 Anti Hacking Software for Microsoft Windows January 22, 2021
  • What is Software Modernization? January 21, 2021
  • Cloud Computing : Cybersecurity Tips for Small Business Owners January 20, 2021
  • Arduino : Independently Blink Multiple LED January 18, 2021

 

About This Article

Cite this article as: Abhishek Ghosh, "What is a Data Strategy?," in The Customize Windows, January 7, 2020, January 23, 2021, https://thecustomizewindows.com/2020/01/what-is-a-data-strategy/.

Source:The Customize Windows, JiMA.in

 

This website uses cookies. If you do not want to allow us to use cookies and/or non-personalized Ads, kindly clear browser cookies after closing this webpage.

Read Cookie Policy.

PC users can consult Corrine Chorney for Security.

Want to know more about us? Read Notability and Mentions & Our Setup.

Copyright © 2021 - The Customize Windows | dESIGNed by The Customize Windows

Copyright  · Privacy Policy  · Advertising Policy  · Terms of Service  · Refund Policy