Need for an organisational data strategy
As organisations grow, management of data becomes just as important as gathering and extracting intelligence from data. Thanks to the low cost of storage and more intelligent data accumulation end point solutions, there has been an exponential growth in data accumulation. Multiple questions need to looked at like:
- Where is there a single version of truth for the data being used?
- How safe is data?
- Is it compliant with privacy regulations of countries that end users of the system reside in?
- Do authorised parties have access to data in a convenient manner?
Defining a data strategy for the organisation and setting up a system that allows the strategy to evolve requires dedicated focus and it remains a full time role. This talk discusses the need and relevance for having a data strategy for any organisation.
Outline/Structure of the Talk
- Problems with natural data accumulation
- super market analogy
- New age requirements
- data sharing
- data security
- privacy regulation compliance
- Treating data as a digital asset
- Defining new roles
- Chief Data Officer
- Team for managing data
Attendees will learning the following
- data handling needs focused attention especially as it accumulates
- data management cannot be responsibility of the individual teams who consume it.
- there needs to be a clear strategy that associates business model of the organisation and the data relevant to it.
- need to setup a focused practise in an organisation to manage data.
Prerequisites for Attendees