Every organization needs a data strategy to articulate its vision for how it collects, stores, uses, shares, and otherwise processes data. It also articulates how data can enable the organization to meet broader business objectives, such as increasing revenue or profitability, improving operations, or enhancing customer experience.
At 413data, we recognize that organizations can create significant value from the data available to them. With the data monetization market poised to grow to about $400B by 2023, we believe having a data strategy, which includes a data monetization strategy, is critical. We help organizations build their data strategy to achieve the following in a privacy-preserving way:
Define how data can help the organization meet business goals
Identify the data-related activities that are required to meet stated goals
Describe the changes the organization needs to make to maximize the value of its data-related activities
Establish a roadmap for completing the proposed activities, including associated costs, benefits, key milestones, priorities and metrics