What is Strategy?

What principles from the reading are applicable to a Data Analytics class

To ensure that data delivers maximum business value, the strategic imperative of unique positioning should guide major data
management initiatives and investments. The principles from the reading that are applicable to a Data analytics class are as
follows;
•Focus on unique activities: The text highlights how crucial it is to concentrate on distinctive activities that would be
challenging for rivals to copy. In the context of data analytics, this could entail locating exclusive data sources, creating unique
models, or creating specialized technological skills that offer your analytics a competitive advantage. Concentrate on the
areas where you stand out.
•Make trade-offs: The reading discusses avoiding attempting to please everyone and making calculated trade-offs. When it
comes to analytics, this can entail allocating more emphasis to specific models or analyses that align with your areas of
expertise rather than distributing resources excessively. Say "No" to pointless or superfluous analytics tasks.
•Achieve fit between activities: The reading discusses how different activities should support and enhance one another. In
the context of analytics, this implies combining many data sources, models, and analyses to produce original insights. One
analytics process's outputs can support and enhance another.
•Maintain continuity over time: The reading makes the case that strategy is a continuous process as opposed to a one-time
endeavor. This means, in the case of analytics, that established data pipelines and processes should be adhered to, and
previous work should be expanded upon rather than constantly altered. Make use of what has already been constructed.
•Leadership commitment: The importance of leaders making strategic decisions and trade-offs is emphasized in the reading.
Leaders must be involved in analytics in order to establish priorities, decide how to allocate resources, and keep the emphasis
on the unique analytics activities over time.