Working with Data - From Reactive to Strategic
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Data is one of the key resources of any organization. As a resource, it is fuelling many breakthrough successes (such as using AI to enable innovative drug developments, enhanced SaaS solutions or other product innovations), dramatically reducing development lead times and costs, and providing unpresented BI (e.g. to provide predictive maintenance or anticipatory shipments to industrial or retail customers). The good news is, there is lots of data available, inside and outside your organization. Fabian Niemann has teamed up with Friedemann Lutz from the consulting arm of Bird & Bird (Oxygy) to run through some of the key things to think about when assessing the role data might play in your organisation and when planning/ reviewing your data strategy. Below is an overview of the contents of the article.
- The Data is already there: Companies need data strategies to exploit it
- Legal Background
- Technical inventory: Which data do I have?
- Regulatory inventory: What may I do and how do I protect myself?
- Data Strategy: What are my goals and opportunities – and how do I ensure the data needed is available.
- Create additional opportunities & reduce risks by a proper process
- Conclusion
