CMI Unit: 709 Strategic Management of Data and Information
The core objective of CMI Unit 709, Strategic Management of Data and Information, is to equip learners with a deep understanding of data-driven decision-making and information management within an organisational framework. This unit explores how strategic data management fosters competitive advantage, enhances operational efficiency, and ensures compliance with regulatory frameworks. It focuses on overcoming challenges in data governance, security, and integration while enabling organisations to leverage data for innovation and growth.
The unit is crucial for senior managers, data analysts, and organisational leaders who aim to develop effective strategies for handling data and information in a dynamic business environment. By mastering the principles of data management, learners can align organisational goals with data-driven insights, thereby enhancing overall business performance. The unit also focuses on mitigating risks associated with data handling while maximising its strategic value.
By completing this unit, learners will acquire the ability to critically evaluate the impact of data and information on organisational success. They will also develop competencies in designing robust data management frameworks that support evidence-based decision-making, enhance stakeholder engagement, and ensure regulatory compliance.
Unit Objectives
The primary objectives of CMI Unit 709 Strategic Management of Data and Information are as follows:
- To enable learners to critically assess the strategic use of data and information in an organisation.
- To develop an understanding of the challenges associated with managing data and information in various business contexts.
- To evaluate the effectiveness of different approaches to data management and governance.
- To empower learners to design and recommend a strategic framework that improves the management of data and information within an organisation.
Learning Outcomes
The key learning outcomes of this unit are:
LO1: Understand the strategic management of data and information
This learning outcome focuses on understanding the role of data as a strategic asset. Learners will explore the significance of data-driven decision-making, competitive intelligence, and business analytics. The outcome also includes a critical evaluation of data governance frameworks, compliance requirements, and ethical considerations in data management.
LO2: Know how to develop a strategy to improve the management of data and information
Learners will gain insights into creating a structured approach for enhancing data and information management. This includes the development of policies for data security, access control, and data integration strategies to facilitate seamless information flow across organisational departments.
Assessment Criteria
LO1: Understand the strategic management of data and information
- 1.1 Critically discuss the strategic use and value of data and information
- 1.2 Critically appraise the challenges of managing data and information in an organisational context
- 1.3 Evaluate approaches to the effective strategic management of data and information
LO2: Know how to develop a strategy to improve the management of data and information
- 1.4 Recommend a strategy to improve the management of data and information in an organisational context
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