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Discussion on: How to develop a business-driven data strategy

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Alcantarason Profit

Developing a business-driven data strategy involves a structured approach to harnessing data for strategic decision-making. Start by aligning your data goals with your company's overall objectives. Identify key business questions that data can answer and determine the data needed to address them. This entails understanding data sources, quality, and governance requirements. Just as when register a company, where you need to define your business structure and comply with legal requirements, in a data strategy, you must establish a framework for data governance, outlining roles and responsibilities for data ownership, security, and compliance. Like the process of registering, which demands accurate documentation, your data strategy should document data sources, transformations, and access procedures. Finally, regularly review and adapt your strategy, ensuring it evolves in tandem with your company's growth and changes, much like the ongoing operational adjustments when running a registered business.