The global market for artificial intelligence (AI) in insurance is predicted to reach nearly $80 billion by 2032, according to Precedence Research. This growth is being driven by the increased adoption of AI within insurance companies, enhancing their operational efficiency, risk management, and customer engagement. Despite widespread integration of AI in the industry today, its full […]
MIT-Built Generative AI Company Ikigai Labs Announces New AI Ethics Council
According to a new press release, Ikigai Labs, a company specializing in generative AI for tabular data, has established a new AI Ethics Council composed of esteemed experts and thought leaders from prominent academic institutions in the United States. This council aims to address crucial ethical and security concerns surrounding the development and implementation of […]
Ask a Data Ethicist: What Data Is OK to Use to Prompt ChatGPT?
Millions of people are using ChatGPT on a regular basis to assist them in both personal and professional capacities. This month’s question centers on the data used to prompt ChatGPT. Our reader, who shared that they are an ESL speaker, would like to know if it’s ethical to have ChatGPT create summaries of information (specifically, […]
Women in Data: Meet Classification Guru Susan Walsh
To celebrate International Women’s Day, we’re kicking off a new Q&A series with women leaders in data. Our first installment features Susan Walsh, aka the Classification Guru. Susan Walsh didn’t always aspire to be a data classification expert. But after spending a decade honing her skills – cleaning and classifying erroneous data – she founded […]
Webinar: I Have Trust Issues with My Data, Can I Really Change That?
Download the slides here >> This webinar is sponsored by: About the Webinar Data is becoming increasingly important for both decision-making and use by artificial intelligence models. According to the Data Integrity Trends Survey 2023, only 46% of people trust their data for decision making and of those who struggle to trust their data, 70% say […]
Metadata Governance: Crucial to Managing IoT
The Internet of Things (IoT), devices that produce and consume data through the internet, will likely comprise over 207 billion devices by the end of 2024. These widgets generate, consume, and send vast data over business networks. As a result, organizations must include IoT in their Data Governance programs to ensure better integration and legal compliance. Without effective governance, firms […]
The Cool Kids Corner: Neurodiversity in Your Team
Hello! I’m Mark Horseman, and welcome to The Cool Kids Corner. This is my monthly check-in to share with you the people and ideas I encounter as a data evangelist with DATAVERSITY. (Last month, we discussed the importance of communication.) This month, we’re talking about neurodiversity in your data team. The term neurodiversity was first […]
The Impact of Data Silos (and How to Prevent Them)
Data silos often develop unintentionally within businesses, catching leaders by surprise. They hinder cross-departmental collaboration while giving rise to inconsistent data quality, communication gaps, reduced visibility, and increased expenses. The gravity of impact can be gauged from a report by Forrester research, which finds that knowledge workers spend an average of 12 hours a week “chasing data.” […]
What Is Data Completeness and Why Is It Important?
Data completeness is an important aspect of Data Quality. Data Quality is a reference to how accurate and reliable the data is overall. Data completeness specifically focuses on missing data or how complete the data is, rather than concerns of inaccurate or duplicated data. A lack of data completeness is normally the result of information […]
Protecting Your Data: 5 IAM Trends to Watch
In our increasingly digital world, organizations recognize the importance of securing their data. As cloud-based technologies proliferate, the need for a robust identity and access management (IAM) strategy is more critical than ever. IAM serves as the gatekeeper to an organization’s sensitive information, ensuring that only authorized individuals have an appropriate level of access. With […]