Data Strategy Framework: How To Implement One & Scale It For Success
What success looks like with an effective data strategy
After implementing and scaling your data strategy, you’ll need to institute some critical capabilities for your organization to grow and maintain a thriving Data Culture. As previously mentioned, you’ll need executive advocacy, as well as agility, data proficiency, and a broad, active community to ensure the mission, goals, and needs of your organization are met—in process and technology. Businesses around the globe have successfully implemented a data strategy and reaped the rewards from deploying a modern, self-service analytics platform alongside these capabilities. Check out their stories.
Considering these success stories, a growing number of organizations are also appointing a Chief Data Officer (CDO) to lead business process change, overcome cultural barriers, and communicate the value of analytics to all staff. To develop a highly-effective team under this strategic position, organizations are dedicating more money and resources. According to Gartner, 80 percent of large enterprises will have a CDO office fully implemented by next year. Stay tuned to see if this becomes reality, allowing IT and Chief Information Officers (CIOs) to have a more strategic focus on other areas like data security.