The 5 Essential Components of a Data Strategy
The 5 Components of a Data Strategy
Historically, IT organizations have defined data strategy with a focus on storage. They’ve
built comprehensive plans for sizing and managing their platforms and they’ve developed sophisticated methods for handling data retention. While this is certainly important, it actually addresses the tactical aspects of content storage – it’s not planning for
how to improve all of the ways you acquire, store, manage, share and use data.
A data strategy must address data storage, but it must also take into account the way data is identified, accessed, shared, understood and used. To be successful, a data strategy has to include each of the different disciplines within data management. Only then will it address all of the issues related to making data accessible and usable so that it can support today’s multitude of processing and decision-making activities. There are five core components of a data strategy that work together as building blocks to comprehensively support data management across an organization: identify, store, provision, process and govern.
