Data Strategy cheat sheet by Sergey

Gromov
Your Data Guy

Commerce data strategy’s 5 stragic goals KPIs for Performance Evaluation

Covern and Promote Coordinate Data accuracy rate.

manage data appropriate collaborative Data Quality Data completeness rate.
as a strategic data use and data Data consistency rate
asset equitable access innovation
Data Security Number of data breaches/incidents.
and Privacy Compliance with data privacy regulations

1 2 3 4 5 Data Strategy
Effectiveness
Alignment of data strategy with business objectives.
Adoption and usage of data governance practices.
ROI on data analytics initiatives

Data Integration Time and effort for data integration.

Data synchronization accuracy.
and Interoperability
Interoperability across systems
Enable more Cultivate
efficient data a modern
Data Talent Data team skills and proficiency.
access and data skills Employee retention and development.
analysis workforce and Skills
Execution of data strategy goals

Data Analytics and Insights 7 principles of an organization data strategy

3
Determine DATA QUALITY

1 6
analytics Consider the quality
and consistency of
requirements
Implement your data as defined by
and goals GOVERNANCE standartized processes DATA INFORMED
analytics Develop a program DECISION MAKING
tools and to ensure compliance Leverage data as

4
platforms of key steps in the predictive intelligence
data life cycle when making internal
DATA ACCESS and external decisions
Identify Ensure data is readily

2 7
data available and understood
sources by all influencers in your
Foster a data- organization ANALYTICS
for DATA CONTENT
driven culture within Gather information Explore predictive
analysis

5
the organization that generates value insights and fine-
for your business by tune the data to gain
helping to accomplish a competitive advantage
DATA MANAGEMENT
goals Develop and enforce
company-wide standarts
for terminology and proper
data usage

Data Lifecycle Management Data Partnerships and Collaboration Data Talent and Skills
• Explore partnerships for data sharing ‣ Identify skills and expertise needed
✓ Establish data lifecycle management practices. and collaboration.
for data management.
✓ Define data retention and deletion policies. • Identify opportunities for leveraging

‣ Recruit and train data professionals
external data sources.
✓ Implement data archival and backup strategies. • Establish data exchange agreements (data engineers, analysts).
and protocols. ‣ Foster a culture of continuous learning
✓ Ensure data recovery and business continuity. and skill development.

Teams Needed to Support Data strategy

Data Strategy Team Data Management Team Data Security and Compliance Team Data Analytics Team

Data Strategy Manager/Lead Data Engineers Data Security Specialists Data Scientists
Data Architects Data Analysts Compliance Officers Business Analysts
Data Governance Analysts Database Administrators

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