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What is Master Data Management?

By   /  November 13, 2017  /  What is...?  /  No Comments

Master Data Management (MDM), “Entails control over Master Data values and identifiers that enable consistent use, across systems, of the most accurate and timely data about essential business entities.” (DAMA DMBOK) According to the Beginners Guide to Master Data Management (MDM): “Underpinning MDM is the need for an effective data quality management strategy and appropriate […]

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What is Machine Learning?

By   /  November 13, 2017  /  What is...?  /  No Comments

Machine Learning (ML) “…explores the construction and study of learning algorithms.” (DAMA DMBOK). Furthermore, Machine Learning: “…is about building programs with adaptable parameters that automatically adjust based on the data the programs receive. By adapting to previously seen data, the programs are able to improve their behavior. They also generalize data, meaning that the programs […]

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What is Data Curation?

By   /  November 13, 2017  /  What is...?  /  No Comments

Data Curation, as defined by The University of Illinois’ Graduate School of Library and Information Science: “is the active and ongoing management of data through its life cycle of interest and usefulness.” Sayeed Choudhury, Associate Dean for Research Data Management at Johns Hopkins University (JHU) and leader of the Data Conservancy, further breaks down Data […]

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What is Data Stewardship?

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Data Stewardship is: “The most common label to describe accountability and responsibility for data and processes that ensure effective control and use of data assets. Stewardship can be formalized through job titles and descriptions, or it can be a less formal function driven by people trying to help an organization get value from its data.” […]

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What is Data Science?

By   /  November 13, 2017  /  What is...?  /  No Comments

Data Science is a combination of scientific disciplines “…to build predictive models that explore data content patterns.”  Data Science, formerly known as applied statistics, “…integrates methods from mathematical, statistical, computer science, signal processing, probability modelling, pattern recognition machine learning, uncertainty modeling and data visualization towards gaining insights and predictive behaviors on Big Data sets.” (DAMA […]

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What is Data Quality?

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Data Quality (DQ) as stated in the DAMA International, Data Management Book of Knowledge “Refers to both the characteristics associated with … and to the processes used to measure or improve the quality of data.” Data is considered high quality to the degree it is fit for the purposes data consumers want to apply it. […]

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What is Business Intelligence?

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Business Intelligence (BI) includes the technologies and tools used to analyze and report on different business operations. Business Intelligence uses raw data stored in varying Data Warehouses, Data Marts, Data Lakes, and other storage platforms, and transforms it into actionable knowledge/information assets. Such elements include dashboards, spreadsheets, data visualizations, reports, and many others. “In its […]

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What is Big Data?

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Big Data refers to extremely large data sets of varying types of data – structured, unstructured, and semi-structured – that can be collected, stored, and later analyzed to provide insights for organizations. Big Data’s promise depends on how the data is managed. In the past data was organized in relational models, sometimes within Data Warehouses, […]

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What is Ontology?

By   /  October 15, 2017  /  Data Education, Smart Data News, Articles, & Education, What is...?  /  No Comments

Ontology is a subset of Taxonomy, an Ontology: Is a Domain; contains more information about the behavior of entities and the relationships between them; includes formal names, definitions and attributes of entities; and, may be constructed using OWL, the Ontology Web Language from the W3C. Other definitions of Ontology include:   “A data model that […]

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