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Writer's pictureDanielle Costa Nakano

Data Strategy: Path to Monetization

Updated: Dec 14

PREMISE

The world of data has leaped forward in the last few years. Real-time streaming data has become more accessible and future-forwarded businesses are taking the helm to turn their data into gold.


STRATEGY

Strategy driven by data maturity principles and product management methodology

  • Core Principles

  • Essential Methods

  • Data Maturity Assessment


Core principles

  • Everything starts with business value and business driven use cases.

  • Data Governance is the foundation and ongoing practice.

  • Strategy execution driven By Data Maturity Principles & Product Management methodologies.


Essential methods

  • Vision with a north star, annual shared goals, and team autonomy to solve problems.

  • Data governance and data products because SLDC drives quality.

  • Action with best practices and evolving KPIs. Including picking the right product and engineering organization and creating a transparent and accountable organization.


Annual data maturity assessment

  • Where are you? Where do you need to go? Where do you want to go?

  • Frameworks and assessments for facets like data governance, data management, quality, privacy, security, policy, architecture, and literacy.


How to get there

  • Phase 1: Democratize the data

  • Phase 2: Empower & modernize the workplace

  • Phase 3: Impact Flywheel

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