This means companies can no longer have rigid, legislative data strategies which plan years into the future. In order to adapt to the constantly evolving strategic landscape that businesses face, and to help achieve shifting business priorities, organisations need lean, agile data strategies that can adapt with ease and efficiency.
Data is a unique asset that cannot be managed the same way as financial or physical assets. With the volume, variety and velocity of data increasing year on year, businesses need a coherent plan to manage and leverage their data assets, to unlock tangible value.
Every business who creates or uses any type of data, be that product data, people data, asset data, financial data, supply chain data, service data, ingredient data etc… needs a data strategy in place to unlock its value.