Data Modeling describes the plans and activities around diagramming data requirements for business operations across one or more systems. This blueprint defines unique data entities (such as tables, systems, concepts, and hubs) and their characteristics (such as inheritance, importance, and physical structures) along with how the data flows between entities. Organizations create or update data models anytime, depending […]
What Is Data Quality? Dimensions, Benefits, Uses
Data Quality (DQ) describes the degree of business and consumer confidence in data’s usefulness based on agreed-upon business requirements. These expectations evolve based on changing contexts in the marketplace. As people get new information and experience different interactions, business requirements face updating, redefining Data Quality needs within the data’s lifespan. Since DQ represents a moving […]
What Is a Data Warehouse?
A data warehouse is a centralized repository that stores and provides decision-support data and aids workers engaged in reporting, query, and analysis. Data warehouses represent architected data schemas that make it easy to find relevant data consistently and research details in a stable environment. Data sources, including data lakes, can pipe data to a data warehouse. […]
Developing a Data Strategy Template
Organizations want a solid and usable Data Strategy template – a well-thought-out plan for a set of decisions that form a pattern, charting a high-level course of action – but face challenges. For example, only 30% of companies have impactful data strategies that align with some operations, resulting in wasted investments in improving analytics and business insights. Instead, most […]
What Is Data Governance? Definition, Types, Uses
Data Governance (DG) is a business program and bedrock that supports harmonized data activities across the organization. It accomplishes this goal as a formalized framework implemented to the specifications of a corporate Data Strategy. Applying governance, as a whole, requires connecting different components – such as roles, processes, communications, metrics, and tools – to increase the likelihood that the […]
Understanding Data Mesh Principles
ThoughtWorks consultant Zhamak Dehghani defines data mesh as a “decentralized sociotechnical approach to sharing, accessing, and managing analytical data in complex and large-scale environments – within or across organizations.” This type of Data Architecture continues to generate interest among corporations, and data professionals will need to become familiar with data mesh architectures, such as those with data lakes or warehouses. […]
Overcoming Eight Data Literacy Barriers
Leaders want “everyone, everywhere, and all at once to become highly data-literate, demonstrate a high capability to read, work with, and analyze data,” says Dr. Wendy Lynch, founder of Analytic-Translastor.com and Lynch Consulting. As a consultant to numerous Fortune 100 companies, she understands why organizations want all their members to have a high level of Data Literacy. […]
Fundamentals of Metadata Management
Metadata powers effective action on information by providing context, content, and structure. When this information is managed well, data consumers can find and get the correct data they need. As Atlan Prukalpa Sankar states, “Metadata is the glue that can bind the modern data stack together, the layer that will allow increasingly diverse, siloed tools and people to collaborate effectively.” Grasping the […]
How Generative AI Will Transform Business
Generative AI – specifically ChatGPT – has taken the world by storm. From writing about AI in a Shakespearean style to basic programming, ChatGPT promises to disrupt existing workflows and reengineer daily life. In the meantime, companies face another revolution with generative AI. They can remove all the data fed to ChatGPT, then replace it with a company’s […]
Blockchain Technology Demystified
Prepare for blockchain technology to play a significant role in business, society, and almost everything. While 45% of CIOs said their organizations had yet to invest in blockchain between 2016 to 2021, that will change as information exchange becomes decentralized and demonstrated use cases show blockchain’s success. Blockchain spans various industries, from real estate, insurance, health care, […]