“Data strategy is about options and alignments, which would help to ensure that data is being utilised accordingly to company’s strategy and vision. Loihde Advisory’s acknowledged experience in data strategy area has already helped number of companies to improve exploiting data to benefit their businesses.”
– Reni Waegelein, Head of Lean Transformation
Choose Loihde Advisory as your partner and grow with us to become data management forerunner.
Business-driven data strategy
Data strategy is a plan derived from company’s business strategy to control and utilize its data the best way possible. Company ensures with one, that its data management capabilities are enabling it to achieve its business objectives.
Data strategy answers the questions: what company is intended to achieve with data and how to get to those targets. At Loihde Advisory we have a saying: “Data first, then digital”. By this we mean that taking the digital leap is only possible if data has been taken care of first.
Creating a data strategy requires both understanding business’s information needs and knowledge about the technologies that would allow to achieve the goals. Technologies are changing, but data remains. Therefore, creating a data strategy depends upon close collaboration with both business management and IT professionals.
Benefits of a data strategy
Many companies nowadays are pursuing to have data-drivenness, increased degree of digitalization, effective reporting and analysis capabilities, as well as the readiness to respond to environment changes more quickly. Achieving these objectives relies on the controlled development and improvement of the necessary capabilities.
With data strategy
- identifying a value of available data
- contributing to the achievement of business development targets
- defining coherent objectives for data exploitation
- improving preparedness to respond to operating environment changes
- engaging senior management to implement a common data-agenda
- creating a consistent roadmap for achieving future goals.
We make digital development projects understandable, manageable and effective. In holistic planning, we take into account the company’s business objectives, customer understanding, operational model and technology opportunities.
Take a closer look at our services below or contact us, and we will tailor a service package that suits your company’s needs.
Data strategy consulting
We help to clarify company’s data strategy and make clear steps to achieve set targets. We go through the organization’s data utilization requirements’ current and goal state together with representatives of key stakeholders.
Experienced professionals lead and facilitate strategy and help in the content design. We ensure that the data strategy meets company’s needs and is aligned with other strategic policies of the organization.
As a technology independent operator, we are always looking for the best client-oriented solution.
Data strategy implementation
We make goals a reality. We support company’s data strategy implementation and help to build phased development plan to form the capabilities required by the data strategy.
We create an operating model through which data strategy is disseminated into organization’s culture. We identify and activate the required responsible parties needed to implement the change, as well as define priority development blanks to support data strategy implementation.