What is a Data Strategy? It’s Importance and key Elements

Data strategy in simple words is the framework or roadmap that allows us to draw important business insights from the data around the mission and vision statement of the company. A data strategy defines how the data is going to be collected, stored, used, managed and shared in an organization or a company. Data nowadays is not just a by-product of the projects or processes in a company but is, one of the most valuable resource for any organization. It provides a key role in the growth of an organization, giving an edge in the competition if done well. A data strategy sets common goals and objectives across projects to ensure that data use and management is both effective and efficient. Read here for more on Data Strategy.

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