One of the most important questions about using AI responsibly has very little to do with data, models, or anything technical. It has to do with the power of a captivating story about magical thinking. There’s a set of beliefs driven by over-exuberant AI hype – that AI is going to revolutionize everything! How can […]
From AI Hype to Adoption: What’s Holding AI Back in 2024?
When generative AI exploded onto the tech scene in 2022, companies scrambled to adopt the “Next Big Thing.” Now, everyone from the smallest startups to the biggest banks and retailers wants to reap the benefits it has to offer. GenAI promised a workforce revolution – let the computer take care of your busywork so you […]
The Cool Kids Corner: Driving Data Projects
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. This month we’re driving data projects. Have you ever been on the precipice of starting a major data project and wondered, “Where do […]
A Deep Dive into Data Strategy: Accelerating AI Adoption for Businesses
In today’s digital age, vast amounts of business data are gathered from different sources. Even when organizations strategically invest in analytics tools, they still face challenges in the form of data silos, unstructured data management, and failure of business-driven insights from tools. To combat these challenges, more businesses are revamping with data strategy to seamlessly […]
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 […]
Understanding the Potential Failures of a Data Governance Program
Implementing a successful data governance program is essential for any organization that wants to manage its data effectively. However, these programs can sometimes fail, often due to issues related to key business drivers. In the pursuit of effective data management, many organizations overlook the practical realities and challenges that can significantly impact their success. While […]
Cloud Computing and Business Strategy: How to Align for Maximum Impact
Today’s modern business landscape is fiercely competitive, and companies are wielding cloud computing as a strategic weapon to gain an edge. Cloud computing has revolutionized how businesses operate, offering on-demand access to a vast pool of IT resources – storage, servers, databases, networking, and software – all securely delivered over the internet. Imagine ditching expensive […]
Key Steps for Managing Scope 3 Data Efficiently
As the effects of climate change become increasingly clear, businesses today are facing unprecedented pressure to rein in their carbon footprints and to properly account for and disclose their environmental impact. The era of vague, voluntary corporate mission statements on climate-related goals to satisfy internal and external stakeholders’ demands is over. In their place have […]
What Is Data Literacy? Definition, Components, Uses
Data literacy (DL) describes how well an individual or organization understands, works with, analyzes, visualizes, and applies data to reach their goals. The specific context and use case determine what applying data literacy looks like in practice. For example, while reading visualizations on product deliveries provides value, true data literacy involves going further. It involves actively […]
The Changing Role of the Chief Data Officer
In a 2005 interview, Usama Fayyad described his recent appointment as Yahoo’s chief data officer (CDO), a role that had been introduced in the business world only a few years prior. He defined a CDO as: “Someone to lead all strategic data activities and to represent data as a strategic asset that DRIVES business and […]