Data strategy
A data strategy is the strategic roadmap for the successful and targeted use of data in companies.
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What is a data strategy?
A data strategy defines precisely how organizations collect, store, manage, analyze, and use data to achieve measurable business goals and thus secure sustainable competitive advantages in the digital age. It is the basis for generating not only information from data, but also actionable knowledge.
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Related terms
- Data Governance: Learn how clear rules and processes ensure the quality and security of your data.
- Data Audit: A systematic inventory of your data landscape and its potential.
- Data Catalog: A central directory to discover, understand, and manage all of your data
- Single Source of Truth (SSOT): The concept of a single, reliable data source for all business decisions.
- Data quality: The accuracy, completeness, and consistency of your data as a basis for well-founded decisions.
- Organization development: Definition of roles, responsibilities and decision-making processes in the data environment.
- Process & cultural development: Establishing a data-driven way of thinking and corresponding working methods.

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