When you hear the phrase “data monetization,” you might think of selling data to a third party – along with the many ethical and privacy issues that go with it. While this practice plays a significant role in our modern economy, there is another type of data monetization that receives less buzz but is equally […]
How Should a CDO Spend Their Time?
Unlike most C-Suite roles that have certain expectations, the chief data officer (CDO) role is still relatively new, which means it often needs to be defined by CDOs themselves. This can be both a good and bad thing: On one hand, you can carve your role and make it unique, but on the other hand, […]
Data Literacy Trends in 2023: Formalizing Programs
Data Literacy, the ability to explore, understand, and communicate with data, will significantly increase its role in organizations in 2023 and beyond. Companies will gravitate toward Data Literacy to get insights from big data and mobilize artificial intelligence (AI), a technology underlying a machine’s ability to learn from experience. Unfortunately, many businesses need to ramp up […]
Data Culture: The Key to Becoming Data-Driven
The volume of data that individuals and businesses generate is growing rapidly. We have all heard how data is doubling every two years or that 90% of all data was created in the last two years. With this hockey stick-like growth, the complexity and variety of data are creating further issues for CDOs and data professionals. […]
Three Tips to Smarten Your Digital Transformation Strategy
The COVID-19 pandemic accelerated organizations’ digital transformation efforts, regardless of whether they were ready for it or not. Now, as businesses have adjusted their plans to factor in the ongoing effects of the pandemic, digital transformation has become not just a business initiative, but one of high priority. In fact, Gartner found that digital transformation is now […]
Data Quality Best Practices
Using Data Quality best practices to gather accurate data is essential for gaining useful results from research and providing visiting customers with a good experience. Data has become a key part of most business transactions and operations. The quality of data that is gathered, stored, and used are major factors in the success of a […]
Data Governance Frameworks
A Data Governance framework can be described as a collection of processes, rules, and responsibilities used to structure an organization’s Data Governance program. A solid framework will cover data standards, data privacy, business strategies, and the responsibilities of key individuals. Well-designed Data Governance frameworks support effective Data Governance programs and should standardize rules and processes across the […]
Data Literacy Essentials: What You Need to Know
An international survey by technology company Accenture in 2020 found that 75% of C-suite executives believe that all or most of their employees are proficient at working with data. However, only 50% of middle managers felt the same way. And what about the employees themselves? Only 25% felt that they were fully prepared to use data effectively, […]
Evaluating Enterprise Data Literacy
Any organization that aims toward complete digital transformation must move toward Enterprise Data Literacy. So, what exactly is Data Literacy? Gartner defines Data Literacy as: “The ability to read, write and communicate data in context, including an understanding of data sources and constructs, analytical methods and techniques applied – and the ability to describe the […]
Case Study: Executing an Effective Data Strategy
Few tasks are more logistically and technologically daunting than providing air, land, and sea transportation for the U.S. military across the entire world. Yet that is precisely the mission of the United States Transportation Command, or USTRANSCOM. According to a Congressional Research Service report, on any given day USTRANSCOM conducts over 240 air missions, sends […]