Build a Robust and Comprehensive Data Strategy
Key to building and fostering a data-driven culture.
- The volume and variety of data that organizations have been collecting and producing have been growing exponentially and show no sign of slowing down.
- At the same time, business landscapes and models are evolving, and users and stakeholders are becoming more and more data centric, with maturing expectations and demands.
Our Advice
Critical Insight
- As the CDO or equivalent data leader in your organization, a robust and comprehensive data strategy is the number one tool in your toolkit for delivering on your mandate of creating measurable business value from data.
- A data strategy should never be formulated disjointed from the business. Ensure the data strategy aligns with the business strategy and supports the business architecture.
- Building and fostering a data-driven culture will accelerate and sustain adoption of, appetite for, and appreciation for data and hence drive the ROI on your various data investments.
Impact and Result
- Formulate a data strategy that stitches all of the pieces together to better position you to unlock the value in your data:
- Establish the business context and value: Identify key business drivers for executing on an optimized data strategy, build compelling and relevant use cases, understand your organization’s culture and appetite for data, and ensure you have well-articulated vision, principles, and goals for your data strategy
- Ensure you have a solid data foundation: Understand your current data environment, data management enablers, people, skill sets, roles, and structure. Know your strengths and weakness so you can optimize appropriately.
- Formulate a sustainable data strategy: Round off your strategy with effective change management and communication for building and fostering a data-driven culture.
Build a Robust and Comprehensive Data Strategy
Start here – read the Executive Brief
Read our concise Executive Brief to find out why you should build a data strategy, review Info-Tech’s methodology, and understand the four ways we can support you in completing this project.
1. Establish business context and data value
Identify the business drivers, data culture, guiding principles, and use cases that will inform your data strategy.
2. Ensure you have a solid data and resources foundation
Understand your current data environment, people, and skills and put things in perspective with a SWOT analysis.
3. Formulate a sustainable data strategy
Prioritize use cases, formulate the business-needs model, and create your strategic plan.
Member Testimonials
After each Info-Tech experience, we ask our members to quantify the real-time savings, monetary impact, and project improvements our research helped them achieve. See our top member experiences for this blueprint and what our clients have to say.
9.2/10
Overall Impact
$27,469
Average $ Saved
21
Average Days Saved
Client
Experience
Impact
$ Saved
Days Saved
Hensel Phelps
Guided Implementation
10/10
N/A
5
University of Western Cape
Guided Implementation
10/10
$102K
95
University of Prince Edward Island
Guided Implementation
10/10
$5,000
10
University of Johannesburg
Guided Implementation
8/10
$60,319
50
Tenneco
Workshop
10/10
N/A
N/A
Omaha Public Power District
Guided Implementation
9/10
$12,063
5
YMCA of Central Florida
Guided Implementation
10/10
$2,412
2
New Mexico Department Of Health
Guided Implementation
10/10
$1,930
20
Barnardos Australia
Guided Implementation
10/10
$2,000
5
Endeavour Foundation
Workshop
9/10
$93,298
18
Colorado Judicial ITS
Guided Implementation
10/10
N/A
9
MCAP Service Corporation
Workshop
9/10
$25,000
35
Wabtec Corp
Workshop
9/10
$30,731
10
Mott MacDonald LLC
Guided Implementation
10/10
$16,984
10
Seven Seventeen Credit Union, Inc.
Guided Implementation
9/10
$12,063
5
The Research Institute of the MUHC
Guided Implementation
8/10
N/A
5
Agriculture Financial Services Corporation
Guided Implementation
8/10
$50,000
32
Bath Iron Works Corporation
Guided Implementation
10/10
$60,319
10
Legal Practitioners Fidelity Fund
Guided Implementation
10/10
$14,205
35
Wabtec Corp
Guided Implementation
10/10
N/A
10
Angola LNG
Guided Implementation
8/10
$1,206
60
Origin Enterprises PLC
Guided Implementation
9/10
$34,662
10
Barnardos Australia
Guided Implementation
10/10
$25,000
20
Bath Iron Works Corporation
Guided Implementation
10/10
$30,159
10
Inspirus
Guided Implementation
8/10
N/A
10
Bath Iron Works Corporation
Guided Implementation
9/10
N/A
N/A
Onsite Workshop: Build a Robust and Comprehensive Data Strategy
Onsite workshops offer an easy way to accelerate your project. If you are unable to do the project yourself, and a Guided Implementation isn't enough, we offer low-cost onsite delivery of our project workshops. We take you through every phase of your project and ensure that you have a roadmap in place to complete your project successfully.
Module 1: Establish Business Context
The Purpose
- Establish the business context for the business strategy.
Key Benefits Achieved
- Substantiates the “why” of the data strategy.
- Highlights the organization’s goals, objectives, and strategic direction the data must align with.
Activities
Outputs
Advisory kick-off session with the data strategy sponsor (such as the Chief Data Officer [CDO], Chief Architect, Digital Transformation Leader, CIO).
- Business context and strategic drivers
Executive and senior business stakeholder interviews, one-on-one and small groups, to understand stakeholders’ strategic priorities and the alignment with data, discuss the vision, mission, goals, and principles of the data strategy, and understand the organization’s data culture.
- Defined vision and mission
- Defined principles and goals
- Data Culture Survey diagnostic results analysis
Module 2: Ensure You Have a Solid Data Foundation
The Purpose
- Build use cases of demonstrable value and understand the current environment.
Key Benefits Achieved
- An understanding of the current maturity level of key capabilities.
- Use cases that represent areas of concern and/or high value and therefore need to be addressed.
Activities
Outputs
Build use cases of demonstrable value: Drivers, challenges, and opportunities.
- High-value use cases
Understand the current data environment: Data management enablers.
- High-level evaluation of the current environment
Understand the current data environment: People and organizational structure – key roles and skill sets.
Module 3: Build Your Future State Plan and Initialize the Roadmap
The Purpose
- Build out a future state plan that is aimed at filling prioritized gaps and that informs a scalable roadmap for moving forward on treating data as an asset.
Key Benefits Achieved
- A target state plan, formulated with input from key stakeholders, for addressing gaps and for maturing capabilities necessary to strategically manage data.
Activities
Outputs
Target state plotting: Gap analysis and roadmap planning.
- Target state plan – high-level roadmap
People and organizational structure planning: Key roles, and skill sets.
- High-level RACI for key functional areas
Module 4: Formulate Your Data Strategy
The Purpose
- Consolidate business and data needs with consideration of external factors as well as internal barriers and enablers to the success of the data strategy. Bring all the outputs together for crafting a robust and comprehensive data strategy.
Key Benefits Achieved
- A consolidated view of business and data needs and the environment in which the data strategy will be operationalized.
- An analysis of the feasibility and potential risks to the success of the data strategy.
Activities
Outputs
Build your business-data-needs model.
- Business-data-needs model
Risk and feasibility analysis: Conduct a SWOT analysis.
- SWOT analysis
Initialize the organization’s data strategy.
- Initialized data strategy document