For many people in business, the mention of Data Governance 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, senior enterprise governance and […]
Data Governance Frameworks
A Data Governance framework can be described as a collection of processes, rules, and responsibilities used to structure an organization’s Data Governance program. A solid framework will cover data standards, data privacy, business strategies, and the responsibilities of key individuals. Well-designed Data Governance frameworks support effective Data Governance programs and should standardize rules and processes across the […]
The Importance of a Data Governance Roadmap
A Data Governance (DG) roadmap provides a detailed plan or strategy, normally with a list of tasks that must be accomplished for improving or “maturing” a DG program. It should also list the people who are responsible for completing specific tasks. A Data Governance roadmap often includes incorporating Data Governance best practices and is typically based on […]
Data Literacy Best Practices
The term “data literacy” refers to the ability to extract meaning from data. IDC, the global market intelligence expert, has predicted a “ten-fold increase in worldwide data” by 2025. It’s no wonder many data-driven organizations are in a race for an enterprise-wide data literacy initiative, with the vision of transforming their employees into data-literate workers. Global […]
Data Storytelling: Be a Data-Driven Organization
With the staggering amount of data in use today, it’s no wonder that business leaders are increasingly harnessing its power to develop meaningful insights and make informed decisions. According to a survey by Deloitte, organizations that make use of data for decision-making are twice as likely to exceed their business goals and outperform their competitors. One method to […]
Data Literacy Essentials: What You Need to Know
An international survey by technology company Accenture in 2020 found that 75% of C-suite executives believe that all or most of their employees are proficient at working with data. However, only 50% of middle managers felt the same way. And what about the employees themselves? Only 25% felt that they were fully prepared to use data effectively, […]
Data Leadership: The Key to Data Value
Data and business have become inseparable, so if your business isn’t using data effectively, you’re in trouble. Yet using it effectively can be a struggle. Not knowing how to find the right data, not trusting the available data, and not having confidence in the tools and people providing that data can lead people to conclude […]
Developing a Data Analytics Strategy
While data-driven digital platforms and the recent pandemic have opened new and novel opportunities for businesses to go beyond geographical borders and compete in truly global business environments, an average business faces tremendous pressure to demonstrate the value of their operations. With the rising importance of data as the new oil of a global business […]
Evaluating Enterprise Data Literacy
Any organization that aims toward complete digital transformation must move toward Enterprise Data Literacy. So, what exactly is Data Literacy? Gartner defines Data Literacy as: “The ability to read, write and communicate data in context, including an understanding of data sources and constructs, analytical methods and techniques applied – and the ability to describe the […]
Aligning Data Architecture and Data Strategy
Peter Aiken disagrees with the popular idea that it’s impossible to put a dollar value on Data Architecture. “It won’t be the right number, but it will be at least a dollar value on it, and if there’s money involved, people should be paying attention to it.” Aiken is an author, Professor of Information Systems, […]