Foundational Steps for Data Platform Implementation PPT

This PPT slide, part of the 27-slide Pathways to Data Monetization PowerPoint presentation, outlines the foundational steps for establishing a Data Platform, which is crucial for a Data Monetization Business Model. It emphasizes 2 primary components: creating a data platform and enabling insights and analytics.

The first section highlights the need for a robust IT infrastructure, which includes an Enterprise Data Strategy and a dedicated Data Platform. The objective is to develop a "single source of truth" for data, which necessitates effective data management practices such as cleansing, standardization, and harmonization. The slide notes that the platform should be user-friendly, facilitating higher-level data interactions through intuitive interfaces. It also mentions the importance of accommodating both public and private cloud options to ensure scalability and multi-party data sharing.

The second section focuses on the architecture of the platform, which must support several core features. These include interactive, self-service analytics, user-friendly interfaces, and effective data visualization. The emphasis on data visualization suggests that presenting data in an accessible manner is seen as both an art and a science, crucial for deriving actionable insights.

Overall, the slide serves as a strategic guide for organizations looking to leverage data effectively. It presents a clear framework for building a data platform that not only supports data management, but also enhances analytical capabilities. This approach is designed to empower users at various levels within the organization, ultimately driving better decision-making and value creation from data assets.

This slide is part of the Pathways to Data Monetization PowerPoint presentation.

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