Benefits of managed data services provided by GRADIS
Getting data to work in business requires the right Data Strategy. In a digitally powered economy like ours, every organization needs an effective data strategy that aligns head-on with its business goals and objectives. It requires more than just data management systems and tools; it demands people, processes and planning. And rules that define how to manage, act on and analyze data.
But what is a Data Strategy and how will it improve your company’s data management practices in the future? Below we explain the meaning and purpose of a Data Strategy and go over the steps to take in order to successfully implement one in your organization.
What is Data Strategy?
Put simply, a Data Strategy works to identify the people, practices and processes that are integral to support the use of data in a business capacity in support of commercial and strategic objectives and goals.
It helps organizations make sense of and find new ways to use their data to support their vision and mission. Whether that’s through evolving its current Data Capabilities, optimizing what’s already in existence, finding potential in data that’s underutilized or designing new processes that can implement strategic change through data.
To be effective, a Data Strategy has to line up with your business strategy. It should underpin, support and enrich your overall commercial goals and objectives, helping you use data to push you toward your desired business outcomes.
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The key elements of Data Strategy
Every organization’s strategy is unique to its needs and desired outcomes, but there are some core elements that can guide the process:
Lead with business outcomes
By aligning data and commercial objectives you will be able to deliver a strong business case for a Data Strategy rollout.
Leadership and buy-in
Clearly defined leadership is what makes strategy successful, as well as buy-in from key stakeholders across the business.
Data Quality
Ensures data is complete, accurate, reliable, timely and easily available. You will need to undertake or invest in data quality initiatives and tools to make it a success.
Data Governance
This is vital to making sure your data is handled correctly across your business and it’s an excellent first step to promoting data literacy across your organization.
Architecture
Your strategy needs a robust architecture to support it. Cloud options give you the flexibility and scalability you need to underpin it as it evolves.
Technology and tools
Identify the tools you need to manage your data and deliver your objectives: your strategy should identify and steer the right tools to help you achieve your goals.
Outcomes and monetization
The end goal of your strategy: the outcomes that turn your data into better management, insights, analysis, and revenue for your business.
Getting started on your journey with GRADIS
GRADIS works with organizations to determine their overall strategy, taking into account current capabilities, future vision, people, processes and technologies in order to implement a pragmatic, scalable and flexible approach.
Once we’ve aligned commercial objectives with your data, we’ll establish a long-term vision of what needs to be achieved. We map out a roadmap, which includes key deliverables at all stages of the journey and short-term objectives that deliver value right from the very start.
We provide the steps and consultative services you need to turn your vision into a reality. Creating timelines and a roadmap for different aspects of implementation that ensure that no critical steps are missed. This helps break down broad-reaching goals into achievable phases and delivery.
Whether you are in the process of rolling out your strategy or starting from scratch, GRADIS can help you at every stage of your journey: from ideation and planning to tool selection and implementation. Tell us about your business challenges and we will help you roadmap a course to success.
