Creating a Data Strategy, like a Business Strategy, is an art. In a Harvard Business Review article, Joshua Gans, professor at the University of Toronto’s Rotman School of Management, notes two typical errors made with a Business Strategy: spending too much time searching for the one true strategy and getting paralyzed by uncertainty — hence, […]
Data Governance and Machine Learning
Top management are pressuring their organizations to adopt advanced AI-enabled solutions, so Data Management challenges continue to mount on technology teams. The technology decision-makers are increasingly realizing that without a firm Data Strategy provisioning enterprise-wide supply of data on demand, machine learning and AI adoption will remain just a buzz. For most businesses today, this […]
Data Governance and Data Quality Use Cases
Given the high volume of erroneous data floating across the enterprise, it is increasingly difficult for industry operators to make business decisions or plan any course of action based on such poor-quality data. Moreover, what’s the point of applying advanced analytics or BI technologies on data that is flawed? A whitepaper titled Getting Ahead of […]
Developing a Functional Data Governance Framework
Data Governance practices need to mature. Data Governance Trends in 2019 reports that dissatisfaction with the quality of business data continues in 2019, despite a growing understanding of Data Governance’s value. Harvard Business Review reports 92 percent of executives say their Big Data and AI investments are accelerating, and 88 percent talk about a greater […]
Implementing a Cloud Data Strategy
At a time when most major companies are showing a long-range commitment to “data-driven culture,” data is considered the most prized asset. An Enterprise Data Strategy, along with aligned technology and business goals, can significantly contribute to the core performance metrics of a business. The underlying principles of an Enterprise Data Strategy comprise a multi-step […]
Enterprise Data World 2019: Gorillas, Puzzles, Courtrooms, and Hats
“Context: Better understanding something by taking into account the things around it,” said Jeff Jonas during his Wednesday afternoon keynote at the 23rd annual Enterprise Data World (EDW) 2019 Conference (co-presented with DAMA International) from March 17-22, 2019 at the Sheraton Boston Hotel in Boston, MA. Context is the key that allows data professionals, and […]
Case Study: Bringing Credibility to Freddie Mac’s Data Stewardship Model
Jenny Schultz has been with Freddie Mac since 1998. “We have tried to do the ‘data thing’ more than a few times, driven by IT, but it never stuck because the business didn’t see the value in leveraging their data and managing and governing it,” she said during her Enterprise Data World Conference presentation titled […]
The State of Data Education: Bringing IT and the Business Together
There’s something missing in the way that many higher education institutions educate students about the intersection between technology and business. The problem: they often don’t. There just isn’t enough focus on getting those people who are studying the science – and art – of working with data to also work in tandem with business peers […]
So You Want to be a Chief Data Officer?
More big companies are investing in treating data as a core strategic asset, and they’re increasingly hiring Chief Data Officers (CDO) to help them do a better job. The percentage of corporate CDOs rose from 1 percent in 2005 to 13 percent in 2013. The dynamic and dramatic move toward a hyper-personalized society during those […]
Data Strategy Trends in 2019
What do the world’s most successful digital organizations — companies like Amazon and Alphabet — have in common? The answer: A strong focus on data. Donna Burbank, Managing Director at Global Data Strategy, Ltd., says that the connection between excellent data utilization and business success is not a coincidence. The World Economic Forum, she reminds […]