Would you build a house without a plan? Or put the roof on first?
A Data Strategy is vital. It provides the comprehensive, shared vision and actionable bedrock for an organisation’s ability to realise data value, related capability, interoperability and digital evolution; to align to business needs; and to participate in ecosystems. A Data Strategy also shelters and tests subordinate or planned activities such as data migration, consolidation, BI, MDM and so on.
“Creating consistent data standards is a challenge for organisations, which often source data from multiple locations with incompatible data formats. Further, departments within an organisation may not realise that they both have a relationship with the same counterparty as each may do business with a different business unit or subsidiary.”(Source: Deloitte)
The absence of a (suitable) Data Strategy will result in chaos as different parts of the organisation strive to push their own data agenda instead of seeing the bigger picture. This leads to rogue data, squirrel-ware, duplicate data systems, escalating costs, and creates governance and risk management problems for management and Boards as they strive for control over an unruly enterprise.
Incorvus takes an integrated view of Data Strategy & core Services.
- Framing sets the stage for the task ahead, as the living Data Strategy takes shape.
- Discovery & Design is the information gathering and planning stage.
- That determines what has to be done during Preparation, to treat the data and metadata.
- Once prepared, trial uploads are part of iterative Migration.
- Once migration is complete, further thought can be give to overall data Curation: how the data and its value are to be maintained and realised in the longer term.
Agile iteration enables the Data Strategy to be refined as work progresses and to embrace change. As Forbes point out, it is no good having a plan for a plan’s sake – or having one that sits on the shelf. Nor will it be any use if it cannot respond to changing market forces.
Ensure you have a data strategy before you implement Cloud or plan new tech developments. The success of your Cloud Strategy and future projects will depend on it.