Back

Data Strategy & Assessment

Data strategy assessment is the process of evaluating an organization’s current data strategy to identify strengths, weaknesses, and areas for improvement.

The assessment typically involves Liztek consultants reviewing the organization’s data governance practices, data infrastructure, data analytics capabilities, data management processes, and other related factors.

Objective:

The goal of a data strategy assessment is to identify gaps or opportunities for improvement in the organization’s data strategy and to develop a roadmap for addressing these issues. This can help the organization to better leverage data for business value and competitive advantage

  1. Identify business objectives: The first step in assessing a data strategy is to identify the business objectives.

    This determines the key performance indicators (KPIs) that are important to track and measure. The KPIs should be aligned with the business objectives.

  2. Determine data requirements: Once the business objectives are identified, Liztek consultants determine the data requirements. This includes identifying the data sources, the data types, and the data quality requirements.

  3. Evaluate data governance: Data governance is critical for ensuring data accuracy, completeness, and security. It is important to evaluate the current data governance practices and identify any gaps or areas for improvement by Liztek consultants.

  4. Assess data infrastructure: A well-designed data infrastructure is essential for storing, processing, and analyzing data. It is important to assess the current data infrastructure and identify any areas for improvement by Liztek consultants.
  5. Analyze data analytics capabilities: Data analytics capabilities are important for extracting insights from the data. It is important to assess the current data analytics capabilities and identify any gaps or areas for improvement by Liztek consultants.

  6. Evaluate data management processes: Data management processes are important for ensuring that data is properly maintained and updated. It is important to evaluate the current data management processes and identify any areas for improvement by Liztek consultants

  7. Develop Roadmap: Once the assessment is complete, a roadmap should be developed to address the identified gaps and areas for improvement. The roadmap should include prioritized actions and timelines for implementation.

Monitor and adjust: It is important to monitor the progress of the data strategy and adjust the roadmap as necessary. This can help ensure that the data strategy is aligned with the business objectives and is achieving the desired outcomes.