Building a successful data strategy

Service Description

In the digital era, analytics has emerged as a critical competitive advantage, promising unparalleled insights and strategic direction. Many organizations have heavily invested in building robust data capabilities. From data lakes to advanced analytics tools, the investments are substantial. Despite these efforts, a significant number struggle to harness the full potential of these investments. The challenges include: • A fundamental misunderstanding of how data fuels the analytics value chain. • Confusion about what a data strategy should encompass, leading to the misconception that more data and a larger budget automatically translate into greater value. • A misalignment between the deployed data strategy and the organization's overarching strategy or its stage of analytics maturity. Without a clear, coherent data strategy that aligns with your business objectives, even the most sophisticated tools and datasets can become an expensive misstep. Organizations find themselves grappling with siloed data systems, security concerns that hinder analytical progress, and investments that show minimal returns. The absence of a strategic approach not only wastes resources but also opportunities for growth and innovation. This workshop is designed specifically for leaders who aim to bridge the gap between data potential and real-world outcomes. This program will demystify the data strategy, helping you understand the crucial role data plays within your organization's strategy. Empower yourself and your team with the knowledge to transform data into a strategic asset that drives decisions, fosters innovation, and secures a competitive edge. Learning outcomes • Appreciate the role that data plays in the organization strategy • Synthesize the key elements of the organisation’s strategic framework to build the data strategy • Recognise the key components of a data strategy and their interrelationships • Identify strategic master data required to support the organization's strategy, and develop strategies to acquire, process, and distribute the data effectively • Establish key components to build effective Data Governance in organisations • Appreciate how data analytics process is deployed to support the organisation strategy Tecnical requirements - Students are required to have internet accessible laptops with MS office (2019 version) and ZOOM installed

Cancellation Policy

Should any student be unable to attend the workshop for any reason and informs FYT Consulting at least 2 days prior to the commencementof the workshop; they would be scheduled for the next run of the same workshop. If the student is unable to attend and did not inform FYT Consulting, a recorded video of the workshop will be provided in lieu of attendance. No refund will be provided

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