Launched by DAMA International in 2004, the Certified Data Management Professional (CDMP) exam and designation has become one of the world’s most recognized certification programs for Data Management professionals. Anyone who passes the exam remains certified for a period of three years. When important changes occur within the industry, the exam gets updated to reflect the new skills and […]
Machine Learning, Data Governance, and Data Ethics
Data ethics — the collection and use of data in an ethical manner — can be combined with Data Governance and machine learning. Data ethics places a strong emphasis on the behavior of people or organizations as they gather or distribute data. Laws become necessary when some people chose to ignore ethical behavior. At its […]
What Is the Data Management Body of Knowledge (DMBoK)?
The DAMA Guide to the Data Management Body of Knowledge (DMBoK) serves as a testament to the ever-evolving nature of the data world. The second edition of the book, released by DAMA International in 2017, features updated contributions from more than 120 data professionals and highlights 11 core Data Management “knowledge areas.” As a whole, the 600-page tome […]
Graph Databases: An Overview
The concept of graph databases traces back to Leonhard Euler. Euler was an 18th century Swiss mathematician who made several important discoveries in mathematics, such as infinitesimal calculus. In solving the “Seven Bridges of Königsberg” problem in 1736, Euler laid the foundations for graph theory. (He also got a fun shout-out in Hidden Figures when […]
Data-Driven Innovation: How to Establish an Effective Metrics Framework
Innovation is big business. Whether it is R&D, talent, or physical infrastructure – see the numerous fancy “innovation centers” that are rolled out on a yearly basis – companies pour millions of dollars into their innovation efforts annually. But there is one key difference that separates innovation from every other department in an organization: metrics. […]
Data Science Best Practices
When done right, Data Science delivers a lot of measurable values like improved products and services, enhanced customer experiences, sales growth, new business developments channels, and overall business efficiency. However, according to most reliable industry publications, most Data Science projects fail because the Data Science best practices are not followed. Why Do Businesses Need Data […]
CDOs Harness Flood of External Data for Smarter Decision-Making
The first chief data officer (CDO) was appointed at Capital One in 2002. Although just 12% of Fortune 500 companies had a CDO a decade later, more than two-thirds of major companies employ CDOs now. Companies generate unfathomable amounts of information – one credible estimate compares the daily data output to 166,000 times the data contained in the Library of Congress. […]
5 Best Practices to Reap the Benefits of Data Democratization
In the digital age, the success, growth, and maximization of opportunities of an organization depend on insights gained from data. Analytics and business intelligence (ABI) tools enable organizations to drive greater meaning from their data to protect revenue streams, minimize risk, adapt to rapidly changing business environments, and better serve their customers. In many cases, […]
AI and Data Strategy: Where Do They Intersect?
Artificial Intelligence (AI) has penetrated nearly every industry because of its ability to improve business outcomes – from employee productivity to decision-making to customer experience. It’s no surprise that organizations large and small are embracing AI. That being said, starting AI without a strong Data Strategy in place can do more harm than good. Data Strategy refers […]
The Data Storytelling Toolbox: Data Management, Digital Transformation, and Master Data
Scott Taylor believes in data storytelling. More to the point, he believes that telling a “data story” leads to Data Governance success. Taylor is a consultant and “Data Whisperer” at MetaMeta Consulting, and author of the book, Telling Your Data Story. In his presentation “Data Storytelling for Data Management” at DATAVERSITY®’s Enterprise Data World Conference, […]