Major business setbacks due to risk management failures happen every year. They are also some of the costliest, adding up to millions of dollars in regulatory fines, lawsuits, payouts, and lost brand value. Leaders want to avoid these types of issues and rely on sound internal data management to mitigate risk and maintain confidence and […]
Data Governance Trends in 2024
Companies are more determined than ever in 2024 to improve their Data Governance (DG) programs, the bedrock that supports harmonized data activities across organizations…
Fundamentals of Data Compliance
Data compliance delivers benefits to organizations far beyond simply avoiding potential fines for not fulfilling regulatory requirements for collecting, handling, securing, and safely disposing of sensitive data…
The Silver Bullet Myth: Debunking One-Size-Fits-All Solutions in Data Governance
Data Governance plays a crucial role in modern business, yet the approach to it is often mired in unhelpful misconceptions. While 61% of leaders indicate a desire to optimize Data Governance processes, only 42% think that they are on track to meet their goals. This disparity highlights a significant challenge: The need for effective strategies has been […]
Data Governance and Data Catalogs: Where Do They Intersect?
Data catalogs and Data Governance work together and intersect in some very useful ways. Data catalogs communicate information about an organization’s data assets, and where they are located. Data Governance, on the other hand, deals with the overall management of data, such as accuracy, usability, security, and the established processes the organization uses. Data Governance […]
As Data Privacy Concerns Ramp Up, the Need for Governed Real-Time Data Has Never Been Greater
This year’s Privacy Awareness Week (May 2-8) may be over, but it served as a reminder to look beyond the usual access controls and think about how analytics could be used to support compliance. Data privacy is essential for any business, but it is especially important at a time when consumers are taking notice and new regulations are being deployed. […]
Synthetic Data: 4 Use Cases in Modern Enterprises
Synthetic data has emerged as a technological solution for organizations struggling with data access and privacy compliance. As a privacy-enhancing technology, it has grown in popularity over the past years, with new predictions forecasting that by 2024, 60% of data used for AI and data analytics will be synthetic. But what is the reality of synthetic […]
CDOs Harness Flood of External Data for Smarter Decision-Making
The first chief data officer (CDO) was appointed at Capital One in 2002. Although just 12% of Fortune 500 companies had a CDO a decade later, more than two-thirds of major companies employ CDOs now. Companies generate unfathomable amounts of information – one credible estimate compares the daily data output to 166,000 times the data contained in the Library of Congress. […]
Guide to Building a Data Strategy Framework
Your data strategy is only as good as the framework supporting it. If you don’t have a framework in the first place, you won’t have a strategy. This isn’t something that is necessarily complicated to plan out, but it can be confusing to know what exactly constitutes a good data foundation. With that in mind, below […]
Overcoming the Data Decision Gap in 2022
As organizations enter a new year, leaders across industries are increasingly collecting more data to drive innovative growth strategies. Yet to move forward effectively, these organizations need greater context around their data to make accurate and streamlined decisions. A recent Data in Context research study found that more than 95% of organizations suffer from a data decision […]