At first, some important questions must be answered. The company must define which business objectives it is pursuing, and how data can support this process. For example, a data analysis can be used to develop new sources of income or business models, or to simplify existing processes. Moreover, companies must define how data-based use cases can be developed on a continuous basis, and they must prioritize them.
Another important consideration is the decision about which platforms and tools should be used. This also includes a categorization of which tasks the company will look after in terms of implementation and operations, and which tasks will be outsourced to external service providers. Uniform standards and rules should be applied in this context.
The company must also define who will monitor compliance with the legal requirements and data security. Not least, this must also include a review of whether certain ethical thresholds must be observed for the requested use cases.