Explore custom solutions for business data strategy and governance with Domo

What is data strategy?

A data strategy is a dynamic process that supports acquisition, analysis, and delivery of diverse data across different departments in an organization. Data strategy frameworks are often used to define processes and rules that streamline how an organization approaches data management as a whole.

Collecting the right data and interpreting it relative to your industry and goals can give you a significant competitive advantage. While many organizations collect data, they often don’t see a high return on their investments because they lack the culture or the technical infrastructure needed for data-driven decision making.

Leveraging your data effectively often requires a new approach to how your organization digests and understands your data. Transitioning to a data-driven organization starts with sound data and data analysis to support goals and business decisions.

What is data governance?

Data governance is defined as the process of managing availability, integrity, security, and usability of the data associated with an organization. This is often associated with the data in enterprise systems and is based on an organization’s internal data standards that control their data usage.

Without data governance, data can become unreliable or inaccurate, providing inaccurate insights into your organization.