Data Strategy Best Practices
Dataversity, Tuesday, May 16,2023
Data Strategy, the master plan or blueprint for confronting day-to-day business challenges and meeting pre-defined business goals using data, has gained significant traction. More companies are seeing the connection between following Data Strategy best practices and boosting profit.
Gartner estimates that 50% of financial planning and analytics leaders will take charge of developing and refining their Data Strategy. Moreover, corporate annual reports refer to data nearly 80% more often than they did in 2017.
Consequently, the mandate for a well-articulated and executed enterprise Data Strategy developed from best practices will continue with the intent of increasing revenue. To achieve this goal, leaders must mold a Data Strategy into a pattern that enables timely decision-making among all employees, business partners, and customers.
Below are five essential Data Strategy best practices to get you started.