Consulting | SmartStreams

Business and Data Strategy

Prepare a high-level plan (business model) for how your business will earn and maximize profits. Business models establish whether the company will offer new products or services, online or brick and mortar, or sell to companies vs. directly to consumers or a hybrid between several traditional business models.
Assist companies in evaluating new Business Models and Strategies like Digital Platforms based on closed or open models. (A platform is a business model that creates value by facilitating exchanges between two or more interdependent groups, usually consumers and producers.)

Data strategy is a long-term plan that defines the technology, processes, people, and rules required to manage an organization's information assets.
A data strategy outlines an organization's long-term vision for collecting, storing, sharing, and using data.
Data strategy gives you a competitive advantage because it aligns data management with business strategy and data governance. It has two primary purposes. (AWS)
- Improve data architecture decisions
- Manage data consistently

A data domain is a topic or subject area to which a dataset may relate. An organization has several data sources:

Using data domains, the siloed data sources can be grouped into data domains, creating a conceptual relationship.