Data Strategy and the Enterprise Data Executive: Ensuring That Business and IT Are in Synch in the Post-Big Data Era

Pervasive data is a unique organizational resource and this distinction warrants its own strategy. Data representing your single non-depletable non-degradable durable strategic asset is likely also your most poorly leveraged and underutilized organizational asset. Lack of talent barriers in organizational thinking and seven specific data sins prevent most organizations from benefiting fully from their data asset investments. Solving these prerequisites will allow your organization to: Improve your organizations data; Improve the way your people use data; and Improve the way your people use data to achieve your organizational strategy.This method better focuses data and thinking in direct support of strategic objectives. After eliminating necessary prerequisites organizations can develop a disciplined and repeatable means of improving their data literacy standards and controls using data governance practices. Once in place the process (based on the theory of constraints) becomes a variant of lather rinse and repeat. Several complementary concepts covered include: An overview of data strategy prerequisites; A repeatable process for identifying and removing data constraints; Why data strategy is necessary for effective data governance; Balancing operational results with capability development; An objective definition of data-centric thinking; and Ways to monetize these efforts.