DataFramed #81 The Gradual Process of Building a Data Strategy
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Mar 21, 2022 Vijay Yadav, Director of Quantitative Sciences and Head of Data Science at Merck, brings his expertise in creating scalable data strategies to the discussion. He outlines the 6 critical elements of an effective data strategy, emphasizing the need for a mindset shift within the C-Suite. Vijay shares insights on structuring operational models and fostering a data-driven culture through effective training and enablement. He also highlights the importance of showcasing small wins to build momentum and community around data science.
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Business Ownership of Data Strategy
- Businesses should own their data strategy for higher success rates.
- They understand their needs and can define what "good" looks like.
Data Science: A Mindset Shift
- Data science is not a traditional technology project; it's a mindset shift.
- The business of data enables the main line of business, with the business as its customer.
Structuring Data Teams
- Involve sponsors early for change management and buy-in.
- Define clear roles and responsibilities for each team member.