Business intelligence strategy document template

Also, it brings вЂњpredictive capabilities and even prescriptive recommended actions into production at scale,вЂќ as Doug Henschen, Vice President and Principal Analyst at Constellation Research noted. By creating a Data Strategy that works for the business model, Data Management activities stay on track.

Data Strategy is driven by your organizationвЂ™s overall Business Strategy and business model.вЂќДata Strategies benefit businesses by exploring the underlying relationships between the overall business, technology, and Data Strategy goals. вЂњThe opportunity to take your existing product line and market it better, develop it better, use it to improve customer service, or to get a 360-degree understanding of your customer. Use information to a competitive advantage and to support enterprise goals.Дonna Burbank eloquently stated that a Data Strategy is:

This article will define what is a Data Strategy, why use a Data Strategy template, and some Data Strategy template examples.ДЄccording to the DAMA International DMBOK, Data StrategyДescribes a вЂњset of choices and decisions that together chart a high-levelД¬ourse of action to achieve high-level goals.вЂќ This includes business plans to Efficiently creating a Data Strategy that aligns with the business means finding a systematic approach that works.Дata Strategy templates help identify business systems that work, through quick cheat sheets. The result? Unhelpful or unneeded reports gather dust, and staff goes back to Excel spreadsheets, available at their fingertips, in an attempt to meet the business needs.

Without coordinating Business and Data Strategies, data remains stuck in silos or has a poor quality or there are process inefficiencies. As Donna Burbank, the Managing Director of Global Data Strategy, stated in a recent webinar, Business and Data Strategies are interdependent and closely related.

Business intelligence strategy document template