At Modis, we’ve found that a smart Enterprise Data Strategy takes an iterative and repeatable approach. We’d even go so far as to say that this is the only approach that works. Enterprise Data Strategy success can only be built on a bedrock of rapid, agile initiatives using data to address critical business initiatives, underpinned by strong enterprise governance and data classification. And for most organisations, this involves a substantial cultural shift.
Every organisation needs a data strategy to navigate the process of using data to get ahead. After people, data is fast becoming the most valuable business asset, often referred to as the ‘new oil’. Successful and forward-looking enterprises are now harnessing their data asset to make strategic business decisions and leave their competition behind.
But what does this involve?