Luxoft
Data Strategy Delivery Framework for Organizations
Pages
8
Time to read
11 mins
Publication
Language
English
Pages
8
Time to read
11 mins
Publication
Language
English
This guide outlines the framework for delivering a data strategy within organizations, particularly focusing on the financial services industry. It begins by discussing the increasing volume of data and the need for automation and cloud solutions to manage this data effectively. The document highlights societal changes brought about by COVID-19, which have accelerated the adoption of remote working and the digital generation of data. It emphasizes the importance of data privacy and security as organizations adapt to these changes. The guide further details the necessity for flexible data tools and the evolution of data management practices, including the concept of a data fabric that centralizes data governance. It also addresses the drivers of data transformation, such as regulatory compliance and the need for improved data productivity. The document concludes by discussing the delivery approach for data management, which includes IT delivery, data and model delivery, and regulatory compliance, stressing the importance of governance and skill development in these areas.