Introduction to Data Strategy

The purpose of the STAR Framework is to de‐risk future data projects and products by following a methodical process. This process helps to select the optimal use case for substantial and reliable return on investment given current state conditions within a company. The Four Phases of the STAR Framework are survey the industry, take stock and inventory of the organization, assess the organization's current state conditions, and recommend a strategy for reaching future state goals. Much like in the world of athletics, where there are sprinters and marathon runners, in the world of business strategy, there are quick win use cases and strategic use cases. Generative artificial intelligence systems are also built on things called foundation models. Large language models are special machine learning model strained on massive datasets and have the ability to both understand and generate human‐like text.