In the realm of computer architecture, various cache memory organization strategies, such as direct-mapped, fully associative, and set-associative, play crucial roles in optimizing system performance. How would you assess the most suitable cache memory organization for a given application or computational workload, considering factors like cache hit/miss rates, memory access patterns, and the nature of the workload? Illustrate your analysis with real-world examples and scenarios, showcasing the effectiveness of each strategy in different contexts.