Data Strategy, the master plan or blueprint for confronting day-to-day business challenges and meeting pre-defined business goals using data, has gained significant traction. More companies are seeing the connection between following Data Strategy best practices and boosting profit. Gartner estimates that 50% of financial planning and analytics leaders will take charge of developing and refining their Data Strategy. Moreover, […]
Data Governance Best Practices
With digital transformation initiatives on the rise, organizations are investing more in Data Governance, a formalized practice that connects different components and increases data’s value. Some may already have established Data Governance programs for older Data Management systems (such as for controlling master data) but may lack control in newer technologies like training an AI to generate […]
Innovating with Data Mesh and Data Governance
Large organizations want to create a flexible environment to innovate and respond quickly based on new data insights. But at the same time, these businesses want some structure for good Data Quality, data fit for consumption, simplifying and speeding up data access. Using a data mesh, which is a decentralized data architecture (collecting, integrating, and analyzing […]
Achieving Smoother, Quicker Data Modeling
When the Navy SEALS embraced its motto, “Slow is smooth, and smooth is fast,” they may as well have been discussing building data models in the same breath. The SEALS chose the phrase to remind its participants not to rush but to act thoughtfully and deliberately. Data Modeling does the same thing by helping businesses design and update data architectures […]
Data Pipelines: An Overview
Just as vendors rely on U.S. mail or UPS to get their goods to customers, workers count on data pipelines to deliver the information they need to gain business insights and make decisions. This network of data channels, operating in the background, distributes processed data across computer systems, an essential framework and function for any data-driven […]
Trends in Data Governance in 2023: Maturation Toward a Service Model
Companies increasingly want to mature their Data Governance, the formal Data Management capabilities around its value as a service, in 2023. That way, organizations can respond to an uncertain business environment quickly and flexibly. While Kelle O’Neal, founder and CEO of the data consulting firm First San Francisco Partners, first identified this need for Data Governance as a […]
Data Strategy Trends in 2023: Toward Organizational Alignment
Any organization making data decisions should have a Data Strategy, a set of choices that chart a course of action to achieve high-level goals. In 2023, many business leaders will shift toward reframing their strategy to manage their data better. Over the past few years, most companies have managed data sporadically, resulting in a disjointed […]
Data Governance 101
Data Governance (DG), a formalized practice that connects different components – such as roles, processes, communications, metrics, and tools – increases data’s value. By harmonizing these fundamental elements, governance ensures that the right data flows efficiently to the right resources at the right time. In this Data Governance 101 article, we will look at the definition […]
Data Modeling Trends in 2023: A Refresh
Data Modeling, the practice of diagramming Data Architecture and aligning core business rules with data definitions, will go through a refresh in 2023. Organizations will assess and make over their data fabrics, which describe distributed Data Management systems. Furthermore, managers and project teams will use data models to optimize business processes with their data assets and allocate resources to achieve […]
Implementing Data Strategy Across the Data Lifecycle
Organizations wishing to implement a Data Strategy—a set of decisions that form a pattern, charting a high-level course of action—face significant challenges in unifying their message across the data lifecycle. Only 30% of companies have a clear organizational Data Strategy, leaving their different departments to figure out how to manage company data assets. Moreover, two […]