Description
Bear Corporation, a high-profile organization operating in the financial sector, uses data to
meet its most basic business objectives. At this time, Bear’s data is siloed and managed by
workers who had competing organization responsibilities and priorities. Consequently, Bear
struggles to perform routine work and became consumed by an ever-growing amount of data
generated by the organization...
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Explanation & Answer
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Developing an Enterprise Data Strategy for Bear Corporation
Introduction
Enterprise data strategies help organizations attain clarity concerning their intentions and tactics.
Thus, the strategy should encompass a careful consideration of organization’s objectives,
advantages, and scope.1 These elements embody a specific game plan into a company’s data
strategy. Bear Corporation has failed while using data strategies to achieve its data-driven
business objectives. From the perspective of a data strategy consultant, the company needs a
high-level plan and enterprise data strategy. The scope of such an approach should outline
distinct operational boundaries to determine the kind of data that the organization intends to
pursue. More importantly, the company should ensure that its data-focused approach enables it to
pay attention to change management principles. The corporation will need to help its staff
change successfully after adopting the new enterprise data strategy. Therefore, the adoption of
the new approach should lean on Enterprise Information Management (IEM) because
accompanying changes will impact the firm’s data culture, policies, and processes.2 The
company has been having difficulties in data consistency and handling of the ever-increasing
amount of information. It has also encountered challenges in facilitating data interchange and
Gregory S. Nelson, Developing Your Data Strategy: A Practical Guide (ThotWave
Technologies, Chapel Hill, NC, 2017), 2-3.
2 First San Francisco Partners, Organizational Change Management for Data-Focused
Initiatives: Your Executive Sponsor and Change Management Team Matter, 2017, 2.
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integration. Therefore, building a high-level plan and enterprise data strategy for the company
requires developers to adopt a change management approach, while taking into account
particular elements embodied in organization’s data-related challenges.
The Approach to Building a High-Level Plan and Enterprise Data Strategy
Data Management. While building a high-level plan that Bear Corporation requires, I would
improve the area of data management discipline. Moreover, the approach should consider the
organization’s need to enhance its data set quality, better workers’ skills to deploy information
productively, and foster its the employees’ collective ability as it relates to data usage. Therefore,
an agile approach that is based on a design thinking would be most suitable.3 The method would
also be...