Data Quality (DQ), the degree of business and consumer confidence in data’s usefulness, remains a sticking point to getting business insights and managing risk. According to recent research, it takes an average of 15 hours to resolve a given Data Quality issue or incident, and in 2024 and beyond, 25% or more of revenue will be […]
Creating a Data Governance Policy
A Data Governance (DG) policy is a document that describes how organizations use and manage their data. These documents establish rules that help safeguard data, define the roles and responsibilities of staff involved with Data Governance, and set standards for Data Quality and security. Good Data Governance policies make the business’s governance goals, practices, and […]
Data Architecture Trends in 2024
Data Architecture, the corporate infrastructure connecting business and data strategies, will face competing priorities in 2024. On the one hand, nearly half of organizations will gravitate toward modernizing their data architectures to increase operational real-time analytics and enable AI and ML (machine learning) capabilities. Simultaneously, with concerns about AI impacts, about 80% will prioritize security and Data Governance in […]
The Silver Bullet Myth: Debunking One-Size-Fits-All Solutions in Data Governance
Data Governance plays a crucial role in modern business, yet the approach to it is often mired in unhelpful misconceptions. While 61% of leaders indicate a desire to optimize Data Governance processes, only 42% think that they are on track to meet their goals. This disparity highlights a significant challenge: The need for effective strategies has been […]
Data Management Predictions for 2024: Five Emerging Trends
As we near the end of 2023, it is imperative for Data Management leaders to look in their rear-view mirrors to assess and, if needed, refine their Data Management strategies. One thing is clear; if data-centric organizations want to succeed in 2024, they will need to prepare for an environment in which data is increasingly […]
2024 Data Trends: From Collaborative Data Sharing to AI-Driven Operations
In the fast-evolving data landscape, understanding emerging trends and embracing technological advancements are key to staying ahead. As we approach 2024, this article explores the data trends that will define the strategic landscape for the coming year. Trend: A Focus on Data Sharing and Data Collaboration Improving data sharing and secure data collaboration between parties is becoming a key area. Companies like Snowflake […]
The Challenge of Data Accuracy
Data has become one of the most valuable assets of modern businesses. The data a company collects, analyzes, and monetizes is now perceived as a distinct “asset class” rather than merely a byproduct of its IT operations. However, the value of data to an organization diminishes rapidly as the information becomes less accurate. Companies are responding […]
Data Modeling Trends in 2024
Expect an increase in business-driven and elegant Data Modeling – the plans, and activities around diagramming requirements for data architecture. These Data Modeling trends will gain traction as budgets for newer projects decrease and mandates to improve Data Quality increase, as resolution to each data incident has risen by 15 hours between 2022 and 2023. Stakeholders clamor for returns from AI after investing heavily, […]
Enterprise Data Governance Online – Free Conference
DATE: January 22, 2025 LOCATION: Online Conference PRICE: Free Join us for the next annual Enterprise Data Governance Online (EDGO) in January 2025. This full day of live online educational sessions is presented by industry experts and the program is designed to teach anyone working with data to execute and implement a successful Data Governance program. Registration […]
Building a Successful Data Quality Program
Creating a successful Data Quality program is essential for any organization seeking to use their data for improving efficiency and better decision-making. Data of poor quality can result in decisions that damage the business. Building a successful Data Quality program helps to ensure the data is of the highest quality, making it both useful and […]