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 […]
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 […]
Fundamentals of Data Collaboration
Data collaboration allows organizations to gain insights beyond what their data provides. By sharing information smartly and selectively with partners, companies can uncover new opportunities and insights beyond their internal repository. Moreover, the emergence of large language models (LLMs) applications – like Chat GPT – and cloud technologies, make this approach more attractive. As businesses become […]
Cloud Computing vs. Data Security
Cloud computing has, in recent years, become both an essential service used in many industries and a ubiquitous part of the daily lives of consumers. By offering remote access to computing services that can be rented out on a flexible, efficient, as-needed basis, it gives companies access to greater computer power and storage capabilities than […]
Monetizing the Data Delivered by IoT Medical Devices
Recent years reflect medical device manufacturers shifting value from just hardware, or even hardware and software. Hardware, software, and data are all now being monetized in the era of the Internet of Things. Data-rich IoT medical devices – pumps, monitors, wearables, tablets, and more – span a wide range of functions to support healthcare, diagnostics, […]
Why Effective Data Management is Key to Meeting Rising GenAI Demands
OpenAI’s ChatGPT release less than two years ago launched generative AI (GenAI) into the mainstream, with both enterprises and consumers discovering new ways to use it every day. For organizations, it’s unlocking opportunities to deliver more exceptional experiences to customers, enabling new types of applications that are adaptive, context-aware, and hyper-personalized. While the possibilities are […]
Data Integrity: What It Is and Why It Matters
The term “garbage in, garbage out,” or GIGO, dates back to the earliest days of commercial computing in the mid-20th century. Yet the concept was present more than 100 years earlier at the very dawn of computing. When Charles Babbage first described his difference engine, a member of Parliament asked him whether the machine could generate […]