How can organizations effectively accelerate the value realization of data and analytics initiatives, and what key strategies should be followed while avoiding potential pitfalls?

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Director of IT2 years ago

Typically data initiatives take longer to materialize and often run into issues related to quality,  privacy, access and so on. To effectively realize value, the best approach I have seen and experienced is to identify smaller use cases, supported by strong business community that can demonstrate the value and reducing the barrier to access data. First success with a strong user community support and tech backing can quickly have a snowball effect making more and more interested parties. Simplification of internal data sharing also helps with more effective use of data and creating opportunity for monetization across domains.

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