Data strategy in simple words is the framework or roadmap that allows us to draw important business insights from the data around the mission and vision statement of the company. A data strategy defines how the data is going to be collected, stored, used, managed and shared in an organization or a company. Data nowadays is not just a by-product of the projects or processes in a company but is, one of the most valuable resource for any organization. It provides a key role in the growth of an organization, giving an edge in the competition if done well. A data strategy sets common goals and objectives across projects to ensure that data use and management is both effective and efficient. Read here for more on Data Strategy.
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