Summary of A Successful Data Strategy needs to be executable

00:00:00 - 00:50:00

This video discusses the importance of a successful data strategy, and how to make sure it is executable. The speaker recommends starting with data quality and governance, and then using analytics and data science to solve problems.

• 00:00:00 Nigel Turner from Global Data Strategy discusses the importance of data strategy being executable, and shares his experience with mentoring and training others in data management. Nigel recommends that aspiring data managers first ensure data quality and governance are in place, and then learn how to use analytics and data science to help solve problems.
• 00:05:00 The speaker discusses the importance of data strategy, noting that many of the same problems businesses experience today have been around for years. He goes on to say that unless data is properly modeled and managed, insights will not be possible. He recommends that businesses adopt a data-driven approach to recruitment and business process management.
• 00:10:00 The video discusses the importance of understanding the business in order to create a successful data strategy. It points out that data governance and management are essential to success, and that a data strategy should focus on both current and future needs.
• 00:15:00 According to the author, a successful data strategy needs to be executable, start with fixing the foundation, and focus on key areas that make a big difference. Quick wins should be focused on data areas that make a big difference.
• 00:20:00 The video discusses the importance of a successful data strategy, which needs to be executable. The video explains how to approach this by interviewing key stakeholders and incorporating their feedback into the data strategy.
• 00:25:00 Strategy execution needs to be feasible, affordable, and impactful in order to be successful. A successful data strategy needs to be executable, cost-effective, and impactful. Many companies struggle to execute their data strategy due to the high costs associated with fixing data issues and the lack of support from decision-makers. A CDO can help bring the strategy to fruition and increase the value of data within the company.
• 00:30:00 The video discusses the importance of a successful data strategy, and how a good data strategy should be executable, aligned with business strategy, and produce value for the company.
• 00:35:00 In order to achieve a successful data strategy, it is important to have a plan with measurable goals and timelines. Without this, the data strategy will simply be a precursor to more successful endeavors.
• 00:40:00 The speaker recommends that data managers focus on five key areas in order to achieve success: customer data management, data quality, analytics, data governance, and bi. They also recommend listening to and learning from other top data managers.
• 00:45:00 The speaker recommends listening to Nicola, listening to podcasts, and following modern trends when it comes to data strategy. He also recommends that people follow Nigel Turner on LinkedIn and email him if they have a data problem.
• 00:50:00 A successful data strategy needs to be executable, and this means having a plan for how to use data to improve your business. A data-driven approach requires a lot of hard work, but it can be worth it if it results in better decision making and faster growth.