What's your data strategy ?

What's your data strategy ?

1. Why is important ?

   • clarify the primary purpose of their data
   • guides companies in strategic data management

2. Defense vs Offense

   • Defense
     • using analytics to detect and limit fraud
       • Financial
     • building systems to prevent theft
     • ensuring compliance with regulations
       • Legal
     • minimizing downside risk
       • Effort to take care of the data
         • Through the company
   • Offense
     • Work on
       • Companies objetives
         • Increasing revenue
         • profitability
         • Customer satisfacction
   • Companies needs to
     • Find a balance

3. SINGLE SOURCE, MULTIPLE VERSIONS

   • Information
     • rules
       • =
         • Data into usefull information
     • Processes
     • +
   • Data
     • How is
       • Collected
       • Consumed
       • Transformed
       • Stored
       • distributed
   • They can use the information to
     • Solve inssues
       • Develop some strategies
     • get all possibles results
   • Tecnollogy
     • making better ways to manage the information
   • SSOT
     • virtual and cloud-based
       • One way to get all the
         • Crusial data
           • It does not contemplate all the variables

4. STRIKING A BALANCE

   • companies
     • do not putt effort
       • looking fot the balance
         • becouse it's mean a risk
     • They can't see
       • THe importance of
         • A good data base
   • Most of comapanies
     • seek to have a solid part
       • Before entering the other
         • Defense or offense
   • Data defense
     • SSOT
       • centralized data-management
     • Fata Offense
       • MVOTs
         • High data flexibility

5. ORGANIZING DATA MANAGEMENT

   • offense-defense spectrum
     • decentralized
       • CDO for each business
         • it alllow a MVOTs
           • It prevent a redundant system and duplicated work
         • They ensured that
           • best practices are shared
           • satandards are followed
     • Centrally
       • Single CDO
         • has the task of ensuring that
           • Fata policies
           • governance
           • standarts
             • are applied consistently

Bilder und Dateien der Mindmap