The key to building a successful data strategy is to create partnerships between different lines of business. These partnerships are needed to better identify the specific business challenges that can be addressed by data science and analytics.
This entails the creation of a plan regarding the collection, ingestion and storage of data, as well as processing the data in a form that renders it suitable for the creation of new data products.
It goes without saying that in order for value to be generated, companies need to focus on highly valuable data. Hence, data quality and governance play a critical role in the development of your data strategy.