In the modern information society, data is essential for organizations. Big tech companies are leveraging massive amounts of data and AI technologies, while EU regulations such as the GDPR actually call for conscious and targeted data collection. Data is the new money [6]. But excessive data collection comes with risks, such as regulatory non-compliance, reputational damage, legal issues, and a higher likelihood of data breaches. In this article, we share insights from experts on these challenges and practical strategies to help organizations get a handle on data, stay compliant and overcome the Fear of Missing Out on data. This article offers concrete tools to kick off data obsession and build and maintain a healthy data economy. It is a condensed version of our research presented in London 2024. The article continues in English.