When you hear the phrase “data monetization,” you might think of selling data to a third party – along with the many ethical and privacy issues that go with it. While this practice plays a significant role in our modern economy, there is another type of data monetization that receives less buzz but is equally […]
Enterprise Data Literacy: Understanding Data Management
To truly understand data-as-an-asset requires Enterprise Data Literacy, an organizational capability to take, analyze, and use data to remain secure and competitive. But achieving a high Enterprise Data Literacy can remain daunting when business and IT interact together. All too often in the middle of a project sprint, IT gets stuck on a minor problem, […]
Mise en Place for Data Science
Click to learn more about author Curt Bergmann. When guests arrive at a great restaurant, the chef and all the cooks have already planned and assembled everything they need to quickly deliver excellence on a plate. Their process, called mise en place, is used by chefs all over the world. Emerging after the introduction of […]
The Evolution of Data Governance
Click to learn more about author Olivia Hinkle. This is the second part of a series on Data Governance, see part one here. Today’s forward-thinking businesses place enormous emphasis on all things data. It hasn’t always been this way. In fact, the shift toward a data-focused strategy has largely occurred in the last two decades. […]
Three Ways Organizations Can Achieve Data Governance Success
Click to learn more about author Olivia Hinkle. The amount of data in the world today is truly staggering. In fact, the World Economic Forum estimates that by 2025 463 exabytes of data will be created globally each day. Data is no longer just a byproduct of doing business—it’s the lifeblood of everything they do. […]
Detailing Data Assets with Proper Citation: A Professional Responsibility
Click to learn more about author Michael D. Shaw. We need to update Mark Twain’s distinction between figures that do not lie and liars who figure. We need the following addendum: Data may or may not be dispositive, but every piece of data (and all of our metadata) must have a citation. We need this […]
The Data Governance Imperative for Retailers
Click to learn more about author Hamaad Chippa. The best retailers excel at merchandising. At top physical and eCommerce stores, products are smartly organized, attractively arranged, and colorfully promoted so that customers can easily find what they’re looking for. Done right, merchandising guides the shopping experience, drives revenue, and elevates customer satisfaction. Suppose retailers could […]
Data Management vs. Data Governance
Successful companies capitalize on their organizational data assets through effective understanding of how to best leverage the similar, but notably different, practices and concepts of Data Management vs. Data Governance. According to Dr. Peter Aiken, Facebook has an estimated worth of more than five times that of United Airlines, $200 billion vs. $34 billion. The […]