Which statement is true about designing a data strategy?

Which statement is true about designing a data strategy?
A . It should be approached as a one-time project
B . Data monetization vastly increases the short-term value of products
C . It requires collaboration between Product Managers and their Customers
D . It is best when architected in the analyzing state within the ART Kanban

View Answer

Answer: C

Explanation:

Designing a data strategy is the process of defining the vision, goals, principles, and governance of data and analytics in an organization. A data strategy should align with the business strategy and enable the delivery of value from data and AI initiatives. Designing a data strategy requires collaboration between Product Managers and their Customers, as they are the ones who understand the needs, problems, and opportunities of the market and the users. Product Managers and Customers should work together to identify the data sources, use cases, metrics, and feedback loops that will inform the data strategy and drive the data-driven decision making.

Reference: Design your data strategy in six steps | IBM

How to build and deliver an effective data strategy: part 1 – Microsoft UK Blog Crafting Your Data Strategy – data.org

Designing Data Strategies – Development Gateway: An IREX Venture