By 2018, the U.S. was projected to face a shortage of 140,000 to 190,000 individuals with deep analytical skills, along with 1.5 million managers capable of leveraging big data for decision-making. Effective data strategy involves asking the right questions and deriving actionable insights from data, rather than merely collecting it. Companies must foster innovation and teamwork between business and data scientists to thrive in a data-driven environment.