This in turn resulted in a corporate wide Data Strategy initiation. Data strategy is a plan designed to improve all the ways you acquire, store, manage, share, and use data. I define Data Strategy as a strategy that lays out a comprehensive vision across the enterprise and sets a foundation for the company to employ data-related or data-dependent capability. I’ll address the 5 ‘W’s in this article and address the ‘How’ part separately at this link as it deserves much more detailed attention. 4. It is a much steeper hill to climb to justify it just on its own and out of the blue. While CTO, CIO or CDO’s (Chief Data Officer) might quality to lead such a task, often times they are stretched too thin to focus on building the comprehensive Strategies necessary to make a real difference for the organization. I define Data Strategy as a strategy that lays out a comprehensive vision across the enterprise and sets a foundation for the company to employ data-related or data-dependent capability. Data Architects are specialists within the larger field of IT Architecture, while some have wider architecture experience – others do nothing but work with data and data systems. This definition helps to understand what Data Strategy is; so now we need to understand why most organizations need one. Necessary cookies are absolutely essential for the website to function properly. Please feel free to comment. Spend too much time on getting a Data Strategy perfect, and risk an unhappy customer who should, but who does not, have access to critical functionality. One of the most important tasks that a Data Architect is often asked to help with is the creation of an Enterprise Data Strategy. We can argue about the exact semantics of this definition but the key points are the bold words. As per their research, 78% of enterprises agree that collection & analysis of big data has the potential to fundamentally change the way their company does business over the next 1 to 3 years. We'll assume you're ok with this, but you can opt-out if you wish. The Data Architect can typically dedicate their full attention to this task and have the full support of all necessary resources (including the CXO level personnel) to ensure that the necessary analysis, negotiation and planning goes into the Data Strategy so it can be relevant and ultimately successfully. No, I am not being ambitious but being direct and blunt about it. This category only includes cookies that ensures basic functionalities and security features of the website. Architects often also have a good deal of experience working directly with business stakeholders and thus help to ensure both business and IT … A Data Strategy is not merely the top level vision either, it can expand into critical data domains such as Business Intelligence and eventually represent a family of strategies. We have a quick, two question, quiz that we … A data strategy helps by ensuring that data is managed and used like an asset. Not sure if you belong to the camp that believes data is an asset to the organization but if you do, you must believe that data that your organization owns is a resource that has economic value and you expect it to provide future benefit just like any other asset. //