For your Week 4 assignment, you will formulate your data strategy and create a d

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For your Week 4 assignment, you will formulate your data strategy and create a document that outlines your data requirements (e.g., data required to meet the minimum organizational requirements along with “nice to have” data enhancements if budget allows), your data acquisition methods and associated costs, if applicable, and your data governance approach. In addition to specifying your data requirements, acquisition methods, and governance approach, you should provide a supporting narrative to justify each. Therefore, your final paper should include the following sections with supporting visuals (if appropriate) and narratives:Data requirements with supporting narrativesIndicate which data sources are requiredIndicate the data types (e.g., structured, semi-structured, and/or unstructured)Provide examples of the data fieldsData acquisition methodsIndicate which data sources are available on-premise and which data sources need to be obtained from an external providerIndicate approach for obtaining data that is not already available (e.g., where the data will come, estimated costs to obtain the data, process for obtaining approval to obtain the data)Indicate plan for data storage and access (e.g., Data Lake, SQL Data Warehouse, Postgres Database)Data governanceSpecify whether or not a data governance council will be established with supporting justificationIndicate how you will keep the data secureIndicate who will have access to the data and the methods for obtaining accessIndicate the data will be maintainedFrequency of data refreshes and processData standardization processData validation processBudget (refer to Figure 3 in the course notes)Length: 8-10 page paper, not including title page or referencesReferences: Include a minimum of 5 scholarly resources