Every business produces and consumes data. It is at the core of daily operations and strategic decisions, it is the basis for your regulatory compliance, and it will undoubtedly provide the insights for your future business developments.
Properly collecting, managing, distributing and securing data is essential for your organization to meet its strategic and operational objectives, as well as its legal obligations. Your data is one of your company’s biggest assets and properly managing it requires a data strategy.
Recognizing the benefits of data strategy
A data strategy is an enterprise-level plan that aims to maximize the value of an organization’s data, while minimizing risk of data misuse or loss, and its potential legal implications. It is a vision that outlines how data will be collected, stored, managed, shared and used.