Data Management develops in stages across the enterprise, according to the DATAVERSITY® Trends in Data Management Report. One or a few teams take the lead doing Data Management, ensuring successful data knowledge, protection, access, and value for projects or products. Then the good practices stay with that team or project, while others miss out on […]
Fundamentals of Cognitive Analytics
The journey of data analytics began with simple descriptive (review of past events) and diagnostic (analysis of past events) exercises and moved to the more sophisticated predictive and prescriptive genres,where advanced data models have enabled accurate future forecasts and actionable intelligence. And now cognitive computing has further strengthened the actionable predictive power of the machines […]
Are You Data-driven? It Will Take More Than a Piece of Software to Achieve Success
Click to learn more about author Erin Haselkorn. Organizations want and need to be data-driven. We have been talking about achieving this level of insight for years, but the majority of companies have made surprisingly little progress. Most organizations still rely on gut intuitions for decision-making and have a long way to go to leveraging […]
Overcoming Data Governance Challenges with Best Practices
Jason Dye, Director of Enterprise Data Governance at Ally, says that sometimes Data Governance feels like a thankless job. “I’m struggling up this sandy godforsaken hill and then some guy’s standing on the sidelines going, ‘I don’t know what’s so hard about Data Governance. It’s easy.’” But that may be because Dye makes it look […]
The Collective Data Literacy Gap
Every graph, data set, and chart has a story behind it. Knowing how to make sense of that narrative across an organization requires data literacy. Increasing the data literacy of smaller teams can be complicated, but equiping an entire organization is an even bigger task. So many teams bring in so many different skill sets […]
Fighting for the Poetry in the Data Space
Click to learn more about video blogger Scott Taylor. The Data Rants video blog series begins with host Scott Taylor “The Data Whisperer.” The series covers some of the most prominent questions in Data Management such as Master Data, the difference between Master Data and MDM, “truth” versus “meaning” in data, Data Quality, and so […]
Understanding the Uses of Artificial Intelligence
Artificial intelligence (AI) has provided a critical competitive advantage for those organizations able and willing to use it. AI has gained significant momentum in the last few years, acting as personal assistants for some, while processing business transactions and providing technical services to others. AI systems have the ability to manage large amounts of data […]
Data Literacy Leads to Success
The Data Literacy Project says that workforce data literacy has proven to have a positive correlation with corporate performance. Improved corporate data literacy positively impacts gross margin, return-on-assets, return-on-equity, and return-on-sales, resulting in $320 to $534 million in higher enterprise value over organizations with lower data literacy, according to the Data Literacy Index. The study […]
Socializing Data Governance: Utilizing a Common Data Matrix
“Data Governance is like Lord of the Rings. You are on a journey to cast obfuscation and bad decisions into the fires of Mount Doom. To succeed in this quest, you will need a fellowship of data” said Mark Horseman, Data Enthusiast at the Northern Alberta Institute of Technology (NAIT), in his presentation titled Socializing […]
New Version of erwin Data Intelligence Suite Enhances Data Literacy Capabilities
A new press release reports, “erwin, Inc. today announced the availability of a new version of the erwin Data Intelligence Suite (erwin DI). erwin DI synchronizes data management and data governance processes in an automated flow so data assets are stored in a central data catalog and then made accessible and understandable within a business […]