Master a proven approach to create, implement, and sustain a data strategy. Pervasive, data is a unique organizational resource, and this distinction warrants its own strategy. Data, representing your single non-depletable, non-degradable, durable strategic asset, is likely also your most poorly leveraged and underutilized organizational asset. Lack of talent, barriers in organizational thinking, and seven specific data sins prevent most organizations from benefiting fully from their data asset investments. Solving these prerequisites will allow your organization Improve your organization's data; Improve the way your people use data; and Improve the way your people use data to achieve your organizational strategy. This method better focuses data and thinking in direct support of strategic objectives. After eliminating necessary prerequisites, organizations can develop a disciplined and repeatable means of improving their data, literacy, standards, and controls using data governance practices. Once in place, the process (based on the theory of constraints) becomes a variant of lather, rinse, and repeat. Several complementary concepts covered An overview of data strategy prerequisites; A repeatable process for identifying and removing data constraints; Why data strategy is necessary for effective data governance; Balancing operational results with capability development; An objective definition of data-centric thinking; and Ways to monetize these efforts.
Having worked in the business and data area for a long time, what I have observed, is that, there are very few books which talk solely about Data Strategy. A robust data strategy that aligns with the organisation's corporate strategy is a key factor in the success of organisations and hence data strategy is a very important topic. Many thanks to Peter Aiken and Todd Harbour for writing this book. Peter Aiken and Todd Harbour have explained in their book, the need for a data strategy, the challenges of implementing a data strategy, motivations around data strategy development, data strategy development in a simple and lucid manner. They have also provide some good examples. This is a very useful book for executives who want to make their organisation a success. This is also an excellent course book for management students not only to make them think of data strategically but also gain knowledge about to develop data strategy.