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Data Strategy and the Enterprise Data Executive

Book Description

Master a proven approach to create, implement, and sustain a data strategy.

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 organization's 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.

Table of Contents

  1. Acknowledgements
  2. Foreword by Micheline Casey, Chief Data Officer
  3. Introduction Why Does Your Organization Need a Data Strategy?
  4. Preface Making More Use of Data (A Better Data Sandwich)
  5. CHAPTER 1 Data Strategy Supports Organizational Strategy
    1. What is Strategy?
    2. Strategy in Action
    3. What Is Data Strategy?
    4. Focusing Data Governance with Data Strategy
    5. Three Elements of Strategy
    6. Conversations & Language of Data Strategy
    7. Data Strategy Supports Organizational Strategy
    8. Data Security Collaboration
  6. CHAPTER 2 Data Strategy is Necessary for Effective Data Governance
    1. Data Is Not the New Oil
    2. The Post-Big Data Era
    3. Big Data Technologies
    4. Motivation No. 1: Improving Your Organization’s Data
    5. Motivation No. 2: Improving the Way People Use Data
    6. Motivation No. 3: Improving Data to Support Organizational Strategy
  7. CHAPTER 3 Data Strategy Development Phase I - Prerequisites
    1. Data Belongs to the Business
    2. Three Critical Barriers
    3. Barrier No. 1: Lacking Organizational Readiness
    4. Barrier No. 2: Failing to Compensate for Lack of Data Knowledge
    5. Barrier No. 3: Eliminating the Seven Barriers to Leveraging Data
  8. CHAPTER 4 Data Strategy Development Phase II - Iteration
    1. Organizational Strategy
    2. Supporting Organizational Strategy with Data Strategy
    3. Goldratt’s Theory of Constraints
    4. Identifying Organizational Data Constraints
    5. Exploiting Organizational Data Constraints
    6. Subordinating All Other Constraints
    7. Elevating Organizational Data Constraints
    8. Repeating the Process
    9. Managing Data Constraints
    10. Elements of a Data Strategy
    11. Who Contributes to the Data Strategy?
    12. Developing a Data Strategy
    13. Managing the Strategy Development Process
    14. Communicating and Data Strategy
    15. Maturing Data Strategy Iterations
  9. CHAPTER 5 Data Strategy at Work
    1. Ripped from the Headlines
    2. BigOrganization Develops Its Data Strategy
    3. Monetizing Contributions from the Data Strategy
    4. BigRetailer Example—Reengineering the Location Data Element
  10. CHAPTER 6 The Data Doctrine
    1. Consequences of Failure to Adopt Data-Centric Thinking
    2. Defining Data-Centric Thinking: the Data Doctrine
    3. Why Data Has Fared Poorly
    4. Leveraging the Agile Manifesto for Business Activities
  11. The Bottom Line: A 3,000 Word Executive Summary
  12. Index