Creating a Data Strategy: Dance, Dance, Dance
Dancing, dancing, dancing! The art of dancing classic or ballroom is not that popular anymore in these days. If you ask me this is such a waste. It is a beautiful art that should be preserved. A couple of years ago my partner and I took lessons and it was amazing! What has dancing to do with a data strategy. Well that is a good question. Recently I read this book from Cynthia A. Montgomery from Harvard Business School. The book called “The Strategist” included this great example of a dancing floor with all these people dancing and having fun. Just the way it should be. However bumping in to each other is always something horrible. This is exactly how it works when you are defining a strategy.
If you ever been to a ballroom dance you know that these rooms are enormous and impressive. They also have often a balcony. Have you ever thought about the possibility to stand upon the balcony? What kind of insight does it gives you? Exactly from this point of view you can see where to dance without bumping in to others. Also you create the possibility to explore the “best dancers” on the floor. They can be used in your team or “dance” near you. What if we take this view towards your data strategy. Well I don’t think i have to go any further.
The Eight Steps according to Silicon Vally Data Science
These eight steps give you a short insight and path towards a successful journey. A journey to a data strategy that works for you.
- Identify your business objectives.
- Go from objectives to tactics.
- Look at how technology can support the use cases
- Exploit patterns and reuse.
- Prioritize all the things you could do to figure out where to start.
- Define your road map with an end-point in mind.
Why a Data Strategy?
Without a centralized vision and foundation, different parts of the enterprise will view data-related capabilities differently. This inevitably leads to duplication of both data and data systems across the organization and thus makes it quite difficult to determine the ‘truth’ of one’s data and will also drive up costs.The Data Strategy provides the basis for all enterprise planning efforts connected to data-related capability. This is the best place to explain thoroughly how management of enterprise data can be leveraged to support organizational mission objectives or processes.