How to develop your business intelligence strategy

How to develop your business intelligence strategy software#

How to develop your business intelligence strategy software#

In very simple terms, this means looking at your hardware and software needs for: Having decided how you want to use data, and what data youвЂ™ll need, the next step is to identify the technology and infrastructure implications of those decisions. How will you ensure the open and honest use of data across the business?.

How can you minimize data where possible (a fundamental principle of GDPR)?.What permissions do you need to be able to gather and use the data?.How do you ensure the ethical use of data?.If youвЂ™re accessing someone elseвЂ™s data, could you lose access to it? What will you do if they cut you off?.How will ensure the data is stored securely?.Who is responsible for ensuring the data is accurate, complete and up to date?.This step encourages you to think about data quality, data security, privacy and ownership issues, transparency and ethical data use. What data collection method will you use?Дata brings great rewards, but it can also be a serious liability if you donвЂ™t pay proper attention to data governance.

If not, you need to set up a way to collect the appropriate data.

Do you already have or can you quickly access the data you need?.

Can you achieve your goal with internal data alone, or do you need to supplement your company data with external data (for example, social media data, weather data, etc.)?.

Do you need structured or unstructured data, or (ideally) a combination of the two?.

In this stage, think about what data you need to achieve your goals and where that data will come from. Next, for each of the data priorities/use cases that youвЂ™ve identified, you need to work through the following considerations: For example, you might do some customer churn analysis, to help prevent or reduce customer turnover. These are fast, ideally relatively inexpensive ways for you to add value and demonstrate return on investment from data вЂ“ which, in turn, helps you gain buy-in for those more prominent data use cases. Also known as quick wins! Because the big strategic data priorities can take some time to implement and deliver value, I find it's helpful to also identify 1вЂ“3 data quick wins.