Data Abounds
Organizations store their data in a variety of locations and ways:
● SQL Databases
● Data Warehouses
● Excel Flat Files
● Shadow Databases
● Printed Reports
The V’s of Big Data
Big data are large, hard-to-manage volumes of data that inundate businesses on a
day-to-day basis.
● Volume - How much data are coming to us
● Velocity - How quickly data are coming to us
● Variety - What kidneys of data are coming to us
● Veracity - How accurate or credible data are
● Value - Whether the data have value to us
Defining Data Strategy
Data strategy is a framework for prioritizing and leveraging data as an asset to advance
the strength and success of an organization.
The Need for Data Strategy
Data strategy advances objectives to:
● Promote operational effectiveness and efficiency
● Retain and grow revenue
● Reduce risk
● Drive innovation
,The Need for Data Strategy
And over time:
● Data assets proliferate
● Organizations expand and grow more complex
● Analytic tools advance
Practical Realities
Organizations face common problems with data:
● The V’s of big data
● Data stored in different sources
● Data stored in different structures/formats
● Data used differently by different business users
● Current reality dominated by history
, Data Governance
Policies and practices that govern how we use and maintain data as a strategic asset
for the organization.
Effective data governance requires:
● A designated decision-making body
● Formal data dictionaries and descriptions of data architecture
● Individuals designated to provide stewardship
Data governance draws upon:
● Strategic planning
● Change management
● IT management
Data governance is:
● A long-term strategic plan
Organizations store their data in a variety of locations and ways:
● SQL Databases
● Data Warehouses
● Excel Flat Files
● Shadow Databases
● Printed Reports
The V’s of Big Data
Big data are large, hard-to-manage volumes of data that inundate businesses on a
day-to-day basis.
● Volume - How much data are coming to us
● Velocity - How quickly data are coming to us
● Variety - What kidneys of data are coming to us
● Veracity - How accurate or credible data are
● Value - Whether the data have value to us
Defining Data Strategy
Data strategy is a framework for prioritizing and leveraging data as an asset to advance
the strength and success of an organization.
The Need for Data Strategy
Data strategy advances objectives to:
● Promote operational effectiveness and efficiency
● Retain and grow revenue
● Reduce risk
● Drive innovation
,The Need for Data Strategy
And over time:
● Data assets proliferate
● Organizations expand and grow more complex
● Analytic tools advance
Practical Realities
Organizations face common problems with data:
● The V’s of big data
● Data stored in different sources
● Data stored in different structures/formats
● Data used differently by different business users
● Current reality dominated by history
, Data Governance
Policies and practices that govern how we use and maintain data as a strategic asset
for the organization.
Effective data governance requires:
● A designated decision-making body
● Formal data dictionaries and descriptions of data architecture
● Individuals designated to provide stewardship
Data governance draws upon:
● Strategic planning
● Change management
● IT management
Data governance is:
● A long-term strategic plan
