What's a Data Strategy?
A Data Strategy defines what data is most valuable to you and how you’ll leverage it in the context of your business. A Data Management Strategy describes how you’ll manage that data as it moves through your business functions, departments and teams.
Define your vision for using your most valuable data
Define your approach for managing your most important data
Identify your highest priority and most beneficial activities
Create a living document that evolves as your needs change
Make it real by establishing processes and ways of working
Why Ortecha?
We know how Data Management activities can be hampered when the ultimate goal and direction of travel aren’t clear – or perhaps once were, but now sit on a shelf gathering dust! We advocate living Strategies that are meaningful and usable.
We understand the difficulties of agreeing on a vision
We know how to capture the right level of detail
We focus on realistic, sustainable outcomes that add value
We ensure the approach aligns to business objectives
We encourage managed online content over static artefacts
How we can help you
Data Strategy
Does your organisation use or generate a lot of data? Does the sheer volume and complexity of it all feel a little overwhelming? We can help you set out how you’ll derive value from your data.
Data Management
Strategy
Do you find that managing data without a Strategy in place is difficult, time-consuming or expensive? We can help you define your approach so you manage your data more efficiently.
Strategy Audit
If you already have a Data or Data Management Strategy, are you getting the benefit you hoped for? We can review your Strategy and develop a practical plan for getting you back on track.
Strategy Consulting
Wherever you are with your Data or Data Management Strategy, we can support you. Whether you need high-level one-off advice or regular ongoing guidance, we can help you define & deliver your vision.
CASE STUDY
Data Management Strategy at a Big 4 UK Bank
The Challenge
A Big 4 UK Bank had launched a three-year strategic transformation programme, but without a thorough understanding of their data needs, nor a clear strategy for how data would be managed across the bank to realise long term, sustainable value.
The Chief Data Officer needed to define how the bank would manage its data efficiently and effectively, by prioritising their most important data assets.
What we did
Supported the collation of strategic requirements from each business area
Defined an ambitious but achievable target state and interim transition states
Advised on industry best practice to avoid ‘reinventing the wheel’
Supported the integration of the strategy milestones into roadmaps and plans
Aligned activities with the bank’s DCAM model, to enable execution to be tracked
The Benefits
Clear and comprehensive Data Management Strategy
A focus on data critical to meeting business objectives
A bank-wide understanding of the vision for Data Management
A solid foundation for the three-year program transforming the bank
Strategic activities linked to multi-year DCAM targets
Ortecha are a fundamental piece of our Data Management Strategy and are helping to shape how we transform our bank by managing our data assets.
Get in touch
If you need some guidance with your Data Strategy, we’d love to help! Arrange a Discovery Call with our experts now.
