If you incorporate these key principles into your data strategy, then it’ll be much more likely that your data strategy will be read, supported, agreed and implemented - in ways that help your business to achieve its goals!
There’s 12 principles, so let’s go!
1. The ultimate role of data, is to drive achievement of business goals.
2. Data drives business goals in just three ways.
3. Data must be stored in an optimised state, for it to be effective in achieving business goals.
4. The data journey from source systems to optimised data, must be streamlined to assure data RoI.
5. The very first step in the data journey, must be to eliminate data risks.
6. The next step in the data journey, is to acquire the right data to achieve business goals.
7. To optimise data, it must be quality controlled by applying data quality standards through robust data governance.
8. The data journey from data outputs to data consumers, must be streamlined to assure data RoI.
9. Data outputs are converted into high-value business outcomes, by arranging data services in a data operating model.
10. As well as governing the quality of data that flows in, it’s also crucial to govern the quality of information that flows out.
11. For data strategy to be implementable, it must translate into the data capabilities that the business must have or do.
12. For data strategy to be supportable, it must be both simple to understand and comprehensive enough to believe.
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If you'd like tools, templates, and support that will both accelerate and enhance your data strategy - enrol on the Data Strategy Masterclass, at https://trulyintelligent.business/data-strategy-masterclass/
To access and use the 4dDX framework, just visit https://4dDX.app
Access the complete in-depth guide on how to create and implement an effective data strategy (one that makes you data-driven, not data-busy) at https://datastrategy.how
Unlock the entire Data Strategy Management Toolkit by visiting https://datastrategytoolkit.com
If you're creating a data strategy or building data capabilities, then you'll want to take a look at the 4dDX Data Strategy Framework! At https://4dDX.app
Ep6 - Data Strategy Principles: https://youtu.be/89MG5RGm_2w
https://trulyintelligent.business/how-to-build-a-data-strategy-data-driven/
