The increase in the prevalence and complexity of data breaches points to one conclusion – traditional cybersecurity measures are no longer enough to keep our valuable data safe. According to a recent report, data breaches exposed a staggering 35 billion records in the first four months of 2024. To deal with this escalating crisis, a new solution […]
Output Monitoring to Overcome LLM Vulnerabilities
The vulnerabilities in large language models (LLMs), such as their ability to create hallucinations, their inherent biases, and their susceptibility to corruption, have led to hesitation among businesses in deploying AI applications for business advantage. This concern is compounded further by the lag in legislative regulations to address these risks. Despite these challenges, businesses are […]
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 […]
Data Synchronization: Definition, Tips, Myths, and Best Practices
Businesses rely on accurate, synchronized information to make informed decisions. Because discordant data leads to operational inefficiencies, missed opportunities, and costly mistakes. Hence, a unified, reliable source of truth is key, which is possible through data synchronization. It helps maintain consistency across disparate systems, enhancing data reliability and improving decision-making. So, to get started with […]
Integrate Data Architecture with Business Operations to Boost Success Now
In the contemporary data-driven business landscape, the seamless integration of data architecture with business operations has become critical for success. There is a symbiosis between sophisticated data architectures and operational agility that demonstrates how this integration facilitates real-time decision-making, predictive analytics, and personalized customer experiences. As IT professionals amalgamate data architecture and business operations, they analyze […]
Mind the Gap: The Product in Data Product Is Reliability
Welcome to the latest edition of Mind the Gap, a monthly column exploring practical approaches for improving data understanding and data utilization (and whatever else seems interesting enough to share). Last month, we explored analytics architecture stuck in the 1990s. This month, we’ll look at the rise of the data product. It wasn’t so long ago […]
How to Regain Trust in Your Data: 5 Ways to Take the Fear Out of Data Management
“May you live in interesting times” is both a curse and a blessing. It’s a curse for those who fear what could go wrong, but it’s a blessing for those who look forward to changes with confidence. The same could be said of leveraging data. To be in that latter group, organizations need to be […]
The Cool Kids Corner: Non-Invasive Data Governance
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 talking about Non-Invasive Data Governance (NIDG). If I haven’t already given it away, our featured Cool Kid is none other […]
Data Ethics 101
Data ethics ensures that businesses handle data – beginning with its acquisition and ending with its distribution – with full attention to individual rights, privacy, and consent. Moreover, ethical decision-making in businesses has to strike a balance between technology and morality to preserve individual rights. This includes considerations around transparency, accountability, and fairness in the […]
The Future of Insurance: A Business Analyst’s Insight into Emerging Trends and Technologies
The insurance industry is undergoing a revolution, mainly driven by the application of advanced emerging technologies. The application and installation of new technologies enable a better future for our industry, where customers will receive maximum efficiency, security, and flexibility. Here, we address the major technologies and trends that influence this transition, shedding light on their […]