Many people see the dictionary as a thing of unquestionable authority, with words and meanings that rarely change. Likewise, in corporate culture, business leaders often mistake the business glossary – a collection of data-related terms and definitions used within an organization – as being static, straightforward, and simple to develop and maintain. Timothy Mulholland, associate manager and […]
Breaking Down Data Silos for Digital Transformation Success
In the race to become data-driven, many enterprises are stumbling over an age-old hurdle: data silos. A recent study by IDC found that data silos cost the global economy a whopping $3.1 trillion annually. Despite years of digital transformation efforts, the divide between technical and non-technical teams persists, hindering the full potential of data assets. A report […]
End the Tyranny of Disaggregated Data
Customer renewal rates are dropping, and your CEO is on the warpath. You need to find out why and fast. At most large companies, that is a pretty tall task. Information about customers is likely scattered across an assortment of applications and devices ranging from your customer relationship management system to logs from customer-facing applications, […]
The Impact of Data Silos (and How to Prevent Them)
Data silos often develop unintentionally within businesses, catching leaders by surprise. They hinder cross-departmental collaboration while giving rise to inconsistent data quality, communication gaps, reduced visibility, and increased expenses. The gravity of impact can be gauged from a report by Forrester research, which finds that knowledge workers spend an average of 12 hours a week “chasing data.” […]
Reimagining Data Strategy to Unlock AI’s Potential
Data: The currency powering the modern digital economy. In a world generating 3.5 quintillion bytes of data every day, one reality is clear – we’re surrounded by a sea of information. While this abundance of data presents immense opportunities, businesses often struggle to fully capitalize on its potential for informed decision-making and strategic insights.
Consider this. While data is perhaps every company’s most valuable asset for enabling a growth-driving customer experience…
Why Is Data Quality Still So Hard to Achieve?
We exist in a diversified era of data tools up and down the stack – from storage to algorithm testing to stunning business insights. In fact, it’s been more than three decades of innovation in this market, resulting in the development of thousands of data tools and a global data preparation tools market size that’s set […]
Data Literacy 101
From social media to online shopping, data is generated and collected at an unprecedented rate. In the current data-powered society, it is crucial to be able to understand and interpret all types of data. Data literacy – the ability to read, analyze, and communicate with data – is crucial to use the power of data. […]
9 Best Practices for Real-Time Data Management
In the era of digital transformation, data has become the new oil. Businesses increasingly rely on real-time data to make informed decisions, improve customer experiences, and gain a competitive edge. However, managing and handling real-time data can be challenging due to its volume, velocity, and variety. This article will guide you through nine best practices […]
Usability and Connecting Threads: How Data Fabric Makes Sense Out of Disparate Data
Generating actionable insights across growing data volumes and disconnected data silos is becoming increasingly challenging for organizations. Working across data islands leads to siloed thinking and the inability to implement critical business initiatives such as Customer, Product, or Asset 360. As data is generated, stored, and used across data centers, edge, and cloud providers, managing a […]
Vendor-Agnostic Multi-Cloud Management Is a True Game Changer
Global spending on public cloud in 2023 will grow by an estimated 20.7% to $591.8 billion, according to Gartner. The benefits of cloud migration are well known. Inherent variable cost structures enable businesses to evolve away from the traditional fixed-cost methods of managing IT infrastructure, adopting cloud-first models that are controllable, agile, and secure; enable operations to readily scale as needed; and optimize […]