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 […]
Case Study: How to Build a Data Governance Program in 90 Days
For many people in business, the mention of a data governance program evokes excessive red tape, bureaucratic drag, and, most of all, outsiders meddling in daily operations. “What is the preconceived notion about data governance? We are the police, we tell you no, we tell you to stop, we slow you down,” said Sherry Hidalgo, director of […]
How to Govern a Business Glossary
Many people see the dictionary as a thing of unquestionable authority, with words and meanings that rarely change. Likewise, in corporate culture, business leaders often mistake the business glossary – a collection of data-related terms and definitions used within an organization – as being static, straightforward, and simple to develop and maintain. Timothy Mulholland, associate manager and […]
Creating a Successful Data Quality Strategy
Maximizing the value of data often comes down to ensuring it’s in the right place at the right time and in the right form. While that process may produce magical-seeming results, the road to creating an optimal data quality strategy need not be mystifying. This was the guiding message delivered by Monika Kapoor – director […]
Data Ethics: New Frontiers in Data Governance
Would you feel comfortable serving as a Data Governance consultant for an organized crime family … but not for a brokerage with tax fraud in its past? Could the use of ransomware be considered socially acceptable if its demands benefitted needy children? These hypotheticals might sound outrageous – indeed, they are meant to be provocative – but […]
How to Build a High-Performance Analytics Team
When most people think of analytics, they tend to picture a rigidly left-brained data scientist more at home with computer programming than creativity. But analytics leader and author John K. Thompson challenges such a notion. During his keynote presentation at DATAVERSITY’s Enterprise Analytics Online event, he proposed instead that the members of an analytics team can be […]
Gaining Leadership Support for Data Governance
Among today’s data-driven businesses, there’s no lack of support for Data Governance. But that enthusiasm doesn’t always make its way to the top of the management chain. “If you don’t have senior leadership sponsorship and understanding of your Data Governance program, your program is going to be at risk,” said Robert S. Seiner, president and […]
How Data Governance and Data Literacy Overlap
In today’s tech-driven world, with 120 zettabytes generated annually, most of us already use data – and lots of it. “Everyone who reads a paper or scrolls through the Internet is already acquainted with data,” said Wendy Lynch, founder of analytic-translator.com and Lynch Consulting, in a recent Elevating Enterprise Data Literacy webinar. “We depend on data, compare data, react to data, […]
How to Become a Business Intelligence Analyst
As with many buzzwords emerging from the intersection of business and technology, the phrase “business intelligence” (BI) is often misunderstood. In a nutshell, it refers to the skill and practice of extracting insights from data to realize new goals, strategies, trends, and values. A business intelligence analyst, working with a network of other knowledge workers (such […]
The Data Trifecta: Privacy, Security, and Governance from Reactivity to Resilience
Chances are, if you’re running a business whose bottom line relies heavily on data, you have untapped data value right at your fingertips. How to extract more meaningful insights while complying with strict regulations? You must reframe how you think about the traditionally separate realms of data privacy, security, and governance, said the panelists at […]