Here are ten steps to defining a data strategy based on a data capability maturity assessment, for a Financial Institution
- Identify and Simplify Maturity models, and customize the yardstick as well as benchmarks based on local study and future organization strategy
- Conduct workshop with leaders and grassroots to sensitize the assessment and questionnaires
- Perform Individual interviews with specific stakeholder groups like PMO and Finance
- Definitely required are two follow-ups to stakeholders for results on questions.
- Analyze responses from stakeholders and stakeholder groups. A weighted average of responses gives a cumulative score for aspects like Data Quality and Architecture.
- Publish Business Capability Maps, with capabilities - Gaps, Risk, Value, Outcome 6. Cascading Vision, Organization BSC to Data strategy
- Map strategy to existing data capabilities and provisioning for new capabilities to reach the objective.
- Sensitize the Data Strategy through Strategic Roadmap with everyone
- Put an Operational roadmap for the immediate one year.
- Sensitize Operational Roadmap by breaking down into projects and working groups.