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Big Data Strategy Roadmap

Hong Kong_021723A
[Hong Kong - Bertha Wang/Bloomberg]


- Overview

A data strategy roadmap is a step-by-step guide to transforming your business from its current state to the desired business organization. It is a more detailed, researched version of a data strategy that communicates when and how to implement specific advancements to develop and upgrade an enterprise's data processes. A data strategy roadmap is a useful tool for aligning an organization's processes with its desired business goals.

A successful roadmap will coordinate the different solutions used to upgrade the organization and help build a strong foundation for the business.

A data strategy roadmap should include the following:

  • Data governance: Establish policies, procedures, and standards that support the collection, processing, and use of data
  • Alignment with business strategy: Show how and when to implement your data vision and mission
  • Define objectives: Align the Big Data strategy to the corporate business objectives and address key business problems
  • Key business goals: Ensure clarity on the organizational vision and key business priorities
  • Data management plan: Include data governance, data management, data architecture, data infrastructure, data analytics, and data security
  • Data quality assurance plan: Define the processes and systems used to ensure that the data meets your standards

A data strategy roadmap should also include:

  • Quick wins and highly critical initiatives
  • High-level milestones
  • Timeline with initiatives
  • Additional details and dependencies
  • A plan to communicate the timeline with the company

Big data visualization tools and techniques can simplify working with the data and the big data project implementation. They can provide a better understanding of large volumes of data, so the results will be more efficient.


- Data Strategy Roadmap

Big data has become the new normal. Every business wonders how to integrate this new type of data and the associated infrastructure changes that need to be implemented. The world of big data infrastructure is changing rapidly, and new innovations are everywhere. There are many new technologies - Hadoop, NoSQL, BigQuery, Tableau, Qliktech, R and Drill. 

A data strategy roadmap should be developed whenever an organization develops its data strategy—whether at the outset of a data initiative, as part of a broader business strategy, or any other time an organization seeks to optimize its use of data.

A data strategy roadmap is a plan outlining the implementation process of how an organization will effectively manage, analyze and leverage data to achieve its business goals. It includes goals, necessary resources, and timelines.

A data strategy roadmap helps organizations align data initiatives with business goals, track progress, measure success, and allocate resources effectively. It also helps ensure that all necessary people and departments are involved—and it serves as a tool for meeting milestones and staying organized. 


- A Step-by-Step Roadmap to Big Data Implementation

Big data projects start with defining business requirements. A step-by-step roadmap clearly describes the expected outcomes of the project. The success of the build depends on how well the big data analytics model integrates with existing applications to provide seamless and real-time insights.

By following a data strategy roadmap, organizations can use data to drive business growth and make decisions more effectively.

  • Integrate data sources: complete and build big data solutions for enterprises. Choose between a data warehouse or data lake to collect data from multiple sources and build data flows across the enterprise. 
  • Data Storage: The main data storage sends historical and real-time data for analysis. Choose technologies to build data architectures and leverage big data solutions. 
  • Prepare and train data: The quality of the data determines the accuracy of the analysis. Clean, format, prepare and train data to provide actionable insights for better decision making. 
  • Data Governance: Manage the flow of big data in your business and set employee access to master data stores. Ensure consistent data quality while optimizing the cost and resources spent on projects. 
  • Data Visualization: Build data-driven models and build self-service analytics across different verticals of the organization. Invest in data visualization tools to generate in-depth graphical reports on the go.


- Review, Revise and Realign Data Strategy Roadmap

A data strategy roadmap is not a static document, and it is important to review and revise it regularly to ensure it remains relevant and aligned with business goals. This may involve revising priorities, updating resources and adjusting schedules as needed. 

Remember to involve key stakeholders in the review process, as they can provide valuable insight and perspective on the effectiveness of your data strategy roadmap. 

By remaining agile and adaptable, organizations can effectively use data to drive business growth and decision making.

A significant advantage of using a data strategy roadmap is the elimination of clutter and confusion. Time, money and resources will be saved during the transformation process. Roadmaps can also be used as a communication tool to communicate plans to stakeholders, employees, and management.



[More to come ...]




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