Information is power, and the ability to put information into the hands of those who can quickly act on it separates the leaders from the laggards in any market. Everyone in an organization – from HR professionals leveraging data to dictate hiring decisions to brand managers leveraging data for pricing optimization – benefits from analytics. […]
Smart Data Visualization Tells a Story Your Users Will Love
The Wharton School of Management reports that only half of an audience is convinced by a purely verbal presentation, but that number jumps to over two-thirds when visuals are added. Why is that? The answer is simple. Our brains grasp and respond to images, colors, and patterns and more quickly assimilate information. Presenting data with colors […]
Do Enterprise Data Contracts Require Data Democratization?
Data contracts are formal agreements between a data provider and a data consumer. They abstractly describe the data as well as the exchange structure, format, and characteristics and schema of information. Why is a data contract required? Data contracts establish guidelines and rules for data sharing, storage, deletion, or archival. Moreover, they ensure that the data […]
Data Mesh: A Pit Stop on the Road to a Data-Centric Culture
The noble effort to build a “data-centric” culture is really a journey, not a destination. With that perspective, we can understand that no matter how good a given environment seems to be –especially compared to whatever existed before – there’s always room for enhancement. As more technologies, strategies, and disciplines emerge, the ongoing evolution ensures constant improvement. […]
How Hyper-Automation Technology Is Democratizing Innovation
We all know the fable about the grasshopper and the ant. While the ant works throughout the summer to store food for the winter, the grasshopper enjoys the sunshine. When winter comes, the grasshopper begs the ant for food, but the ant turns its back. There’s a modern version of that story in which the […]
Data Strategy Prerogatives That CIOs Need in 2023
Without data, businesses wouldn’t have much to work with when making informed decisions. Data by itself, though, isn’t enough for business leaders to rely on when they’re driving growth; a gigantic collection of data isn’t worth nearly as much as a data strategy defining how you use and manage your data. Without a solid data […]
The Democratization of Data Science and AI: When Anyone Can Advance a Field
“The democratization of data science” or the “democratization of AI” have long been popular buzz phrases. “Citizen data scientists” poke through open-source datasets finding valuable insights and sharing them with the world out of an individual sense of curiosity. And although this absolutely does happen, the reality is most of the time these democratized advances have not […]
Developing a Strategy to Democratize Data
The goal of building a strategy to democratize data is to allow all appropriate staff to access the organization’s data, regardless of their technical skills or job description. Previously, a researcher would have to submit a request to the IT department for the information they needed. For example, if a production manager wanted a mid-month […]
Leveraging Data Governance to Manage Diversity, Equity, and Inclusion (DEI) Data Risk
This is part 2 of a two-part article. Find part 1 here. In this section, we discuss how to leverage Data Governance to manage DEI data risk. In part 1 of this article, we identified several best practices for data that chief diversity officers can leverage to support data-driven approaches to diversity, equity, and inclusion (DEI). As […]
Democratizing Data to Promote Business Growth
Data democratization, the process of making information accessible to all employees and stakeholders regardless of their technical background, is critical to make data-driven decisions across an organization. However, democratizing data can be complex. Most organizations have a wide gap between business employees, leaders, and data creators due to silos, a lack of data literacy, and a […]