{"id":12129,"date":"2023-04-21T07:00:00","date_gmt":"2023-04-21T15:00:00","guid":{"rendered":"https:\/\/formtek.com\/blog\/?p=12129"},"modified":"2022-07-30T09:22:44","modified_gmt":"2022-07-30T17:22:44","slug":"data-infrastructure-tips-for-success","status":"publish","type":"post","link":"https:\/\/formtek.com\/blog\/data-infrastructure-tips-for-success\/","title":{"rendered":"Data Infrastructure: Tips for Success"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">&#8216;Data First&#8217; is becoming a priority for many companies.  <\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.tomdavenport.com\/about\/\" data-type=\"URL\" data-id=\"https:\/\/www.tomdavenport.com\/about\/\">Thomas Davenport<\/a>, a frequent contributor to Harvard Business Review and professor at Babson College, said that having a data-first strategy is like &#8220;having a heat-seeking missile approach to data analytics and AI.&#8221;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">But, how do you do it?  A survey of businesses on the path to implementing a <a href=\"https:\/\/www.forbes.com\/sites\/joemckendrick\/2022\/07\/27\/a-data-first-strategy-is-greatbut-are-businesses-ready-for-it\/?sh=26caeaff1670\" data-type=\"URL\" data-id=\"https:\/\/www.forbes.com\/sites\/joemckendrick\/2022\/07\/27\/a-data-first-strategy-is-greatbut-are-businesses-ready-for-it\/?sh=26caeaff1670\">data-first strategy list the following elements<\/a>:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Improve Data Infrastructure &#8211; 72%<\/li><li>Upskill staff data capabilities &#8211; 65%<\/li><li>Invest in Artificial Intelligence and Machine Learning technologies &#8211; 59%<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Data Infrastructure ranks as the most important element needed, but what do businesses need to do to create a strong data infrastructure?  <\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/venturebeat.com\/2022\/07\/18\/overcoming-5-top-data-infrastructure-missteps\/\" data-type=\"URL\" data-id=\"https:\/\/venturebeat.com\/2022\/07\/18\/overcoming-5-top-data-infrastructure-missteps\/\">In an article for VentureBeat<\/a>, <a href=\"https:\/\/www.mparticle.com\/person\/michael-katz\/\" data-type=\"URL\" data-id=\"https:\/\/www.mparticle.com\/person\/michael-katz\/\">Michael Katz<\/a>, CEO of MParticle, outlines essential components organizations need to consider when attempting to invest and build out their data infrastructure:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Develop a strategy to collect first-party data<\/li><li>Define risks and vulnerabilities to those risks<\/li><li>Implement a data architecture with the goal of making the business more resilient<\/li><li>Establish well-defined workflows for escalation and governance<\/li><li>Treat your data as a product<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Katz told VentureBeat that &#8220;success requires collaboration among teams, a cultural willingness to embrace change, proper incentives, and the right workflows. More specifically, it starts with creating a first-party data strategy that aligns data collection requirements with business goals and outcomes. It requires a commitment to actively investing in protecting and improving data quality and establishing a governance framework up front.&#8221;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"> <\/p>\n<div class=\"lightsocial_container\"><div class=\"lightsocial_element\"><a class=\"lightsocial_a\" href=\"http:\/\/digg.com\/submit?url=https%3A%2F%2Fformtek.com%2Fblog%2Fdata-infrastructure-tips-for-success%2F&amp;title=\" target=\"_blank\"><img decoding=\"async\" class=\"lightsocial_img\" src=\"https:\/\/formtek.com\/blog\/wp-content\/plugins\/light-social\/digg.png\" alt=\"Digg This\" title=\"Digg This\" \/><\/a><\/div><div class=\"lightsocial_element\"><a class=\"lightsocial_a\" href=\"http:\/\/www.reddit.com\/submit?url=https%3A%2F%2Fformtek.com%2Fblog%2Fdata-infrastructure-tips-for-success%2F&amp;title=\" target=\"_blank\"><img decoding=\"async\" class=\"lightsocial_img\" src=\"https:\/\/formtek.com\/blog\/wp-content\/plugins\/light-social\/reddit.png\" alt=\"Reddit This\" 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Google Reader)\" title=\"Google Buzz (aka. Google Reader)\" \/><\/a><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>&#8216;Data First&#8217; is becoming a priority for many companies. Thomas Davenport, a frequent contributor to Harvard Business Review and professor at Babson College, said that having a data-first strategy is like &#8220;having a heat-seeking missile approach to data analytics and<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/formtek.com\/blog\/data-infrastructure-tips-for-success\/\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[41],"tags":[],"class_list":["post-12129","post","type-post","status-publish","format-standard","hentry","category-data-management"],"_links":{"self":[{"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/posts\/12129","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/comments?post=12129"}],"version-history":[{"count":1,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/posts\/12129\/revisions"}],"predecessor-version":[{"id":12130,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/posts\/12129\/revisions\/12130"}],"wp:attachment":[{"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/media?parent=12129"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/categories?post=12129"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/tags?post=12129"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}