Businesses need to understand their data better
Building a data platform is a complex task requiring difficult decisions. Making these decisions in a vacuum often leads to theoretical data strategies which don’t translate to action or business impact. Some of the critical decisions which need to be considered carefully to formulate a clear data strategy are:
- Technology infrastructure and architecture
- Process and organizational enhancements
- Ensuring availability of the right skillsets
- Dealing with continuous generation of structured and unstructured data from internal and external sources
- Ensuring that data is ingested, organized, stored, and leveraged properly