What is a data capture strategy?

A data capture strategy is a comprehensive plan that outlines how an organisation will collect, manage, and utilise data to achieve its business objectives. This strategy involves selecting the appropriate data capture methods, defining data quality standards, and implementing the necessary tools and technologies. Key components of a data capture strategy include identifying the types of data to be captured, determining the sources of data, establishing data governance policies, and ensuring compliance with relevant regulations. A well-defined data capture strategy helps organisations optimise their data collection processes, enhance data quality, and gain valuable insights from their data.