What do the world’s most successful digital organizations — companies like Amazon and Alphabet — have in common? The answer: A strong focus on data. Donna Burbank, Managing Director at Global Data Strategy, Ltd., says that the connection between excellent data utilization and business success is not a coincidence. The World Economic Forum, she reminds […]
What is Master Data and Why Organizations Need It?
Click to learn more about video blogger Scott Taylor. The Data Rants video blog series begins with host Scott Taylor “The Data Whisperer.” The series covers some of the most prominent questions in Data Management such as Master Data, the difference between Master Data and MDM, “truth” versus “meaning” in data, and so much more. […]
So You Want to be a Data Manager?
A Data Manager develops and governs data-oriented systems designed to meet the needs of an organization or research team. Data Management includes accessing, validating, and storing data that is needed for research and day-to-day business operations. Currently, a wide array of organizations are using Big Data to gain insights into customer behavior and to provide […]
HEXstream Unveils Koios, a New Analytics Solution
According to a new press release, “HEXstream, an advanced analytics company, and Naveego, an emerging leader of cloud-based Data Quality and Master Data Management (MDM) solutions today announced the release of Koios, a new quality and master data management solution powered by Naveego’s Complete Data Accuracy Platform. The cloud-based Koios solution powered by Naveego enables […]
NPI Plus MDM Yields Omnichannel Success
Click to learn more about author Bruck Assefa. New product development and introduction requires the collaborative participation of different departments, often working in parallel. New product introductions (NPI) often represent a make-or-break opportunity for manufacturers and brands, especially in younger companies. Yet the statistics on NPI success are daunting — recent studies from LNS Research highlight […]
Intelligent Data Management Supports Better Data Access
Data access is a right, not a privilege. That philosophy may not be directly stated by companies, but certainly they have moved in that direction. Of course, it’s understood that not everyone is entitled to access all data. Nonetheless, the landscape has changed from the days when IT primarily held the keys and access was […]
Data Strategy Needs to Include a Robust Data Architecture
In the digital era, data is the lifeblood of businesses; data piling up from various customer or operational touch-points have to be efficiently collected and managed for a business to thrive and prosper. In short, Enterprise Data Management (EDM) impacts all core business functions like HR, CRM, ERP, or Supply Chain. In such a scenario, […]
Master Data Management for Achieving GDPR Compliance
Click to learn more about author Bruck Assefa. Organizations are constantly at risk of paying a hefty penalty for not complying with rules and regulations that dictate how they should operate and do business. A recent research by the Ponemon Institute and GlobalScape entitled, “The True Cost of Compliance with Data Protection Regulations” concluded that the […]
Better Business Results Depend on Master Data Management and Data Quality
Software solutions designed to meet increasingly complex data needs are on an upward trend. The global enterprise Data Management market, which covers Data Quality, processes and standards among other software, is expected to reach $142.67 billion by 2023, according to Research and Markets. Additional research specifically homes in on the global Data Quality tools market, […]
The Data Catalog Drives Digital Transformation – Artificial Intelligence Drives the Catalog
Click to learn more about author Oksana Sokolovsky and Rohit Mahajan. The Data Management category of products began with a focus on Data Integration, Master Data Management, Data Quality and management of Data Dictionaries. Today, the category has grown in importance and strategic value, with products that enhance discoverability and usability of an organization’s data […]