6 Strategic Imperatives For Your Next Data Strategy
CIO, Friday, June 23, 2023
As a dominant tech trend, AI has created an early-mover advantage for the data strategies that fuel it, and the business strategies that leverage it.
According to the MIT Technology Review Insights Survey, an enterprise data strategy supports vital business objectives including expanding sales, improving operational efficiency, and reducing time to market. It can also help organizations enter new product or service markets, as well as improve innovation, maintenance of physical assets, and ESG.
The problem is today, just 13% of organizations excel at delivering on their data strategy. Typical barriers include well-known data silos and duplication together with further systemic issues of limited, poor quality, and hard-to-access data.
As you plan your next data strategy, here are six strategic imperatives that will help connect your strategy to the business.