课程: How to Build and Execute a Successful Data Strategy

Audit your data management

课程: How to Build and Execute a Successful Data Strategy

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Audit your data management

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- There is no better place to start than understanding the current state of data across the business. This can be a time consuming process and require the buy-in from key stakeholders and departments, but is a crucial step in a successful data strategy definition. To help illustrate, let's spend the next few minutes evaluating the current state of data management within a fictional organization, Globe Bank Online. Now, our goals in this evaluation of the existing state of data are as follows, identifying existing strengths, discovering weaknesses, and locating any blind spots. This lays the foundation of our strategy. With data being generated at an alarming rate in global organizations, it becomes difficult to track how data is managed, utilized, and protected. The best method I have found is to use evaluation to provide a baseline for benchmarking progress and identifying areas for improvement. But how do we approach this evaluation? Firstly, step one, define evaluation criteria. We need to start by considering the key aspects of data management at Globe Bank Online, including data governance, data quality, data security, data accessibility, and data usage. You can see an example of this for Globe Bank Online here. We would then look to define the specific evaluation criteria within these areas to ensure a comprehensive assessment. The real power I found is actually in the compiling of the ratings. This really helps to demonstrate how effective the business is at each of the evaluation criteria. Step two, collect data. Next, we want to build up an understanding of the Globe Bank Online's data management practices. This will include policies, procedures, data documentation, data architecture, and data infrastructure. In my experience, the best way of achieving this is working with key stakeholders across the organization by conducting interviews and surveys with weighted questions similar to this one, to obtain their perspectives on strengths and weaknesses.

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