Artificial intelligence (AI) programs have existed longer than many people have been alive, with the first successful applications implemented in the 1950s. The 2020s promise greater AI potential that more businesspeople can use. Although modern AI brings powerful, accurate, and easier-to-use tools, organizations struggle to get the most value in their AI investments and achieve frictionless AI. To understand […]
Distributed Data Architecture Patterns Explained
Distributed data architecture, models using multiple platforms, and processes for data-driven goals continue to generate increased interest. As William McKnight, president of McKnight Consulting Group (MCG) and well-known data architecture advisor, says, “Seldom a database vendor does not interact with concepts around distributed data architectures: the data lakehouse, data mesh, data fabric, and data cloud, and I am […]
Data Governance Roles and Responsibilities
Data Governance, a formalized practice that executes and enforces company-wide data policies, has gained significant traction in the last few years. As of 2022, 81.89% of the participants in a DATAVERSITY® Trends in Data Management(TDM) survey have either implemented a Data Governance program or plan to initiate one. Yet, 54.63% of those surveyed listed a lack of Data Governance as […]
5 Key Benefits of Data Governance
Organizations want Data Governance, a formalized practice that connects different components – roles, processes, communications, metrics, and tools – for its benefits. Company-wide data represents a resource that will “become more valuable than people ever anticipated,” according to David McGraw, senior manager in consumer and industrial products at West Monroe. Advances in generative AI models in 2023 will only increase the […]
Data Strategy Best Practices
Data Strategy, the master plan or blueprint for confronting day-to-day business challenges and meeting pre-defined business goals using data, has gained significant traction. More companies are seeing the connection between following Data Strategy best practices and boosting profit. Gartner estimates that 50% of financial planning and analytics leaders will take charge of developing and refining their Data Strategy. Moreover, […]
Data Governance Best Practices
With digital transformation initiatives on the rise, organizations are investing more in Data Governance, a formalized practice that connects different components and increases data’s value. Some may already have established Data Governance programs for older Data Management systems (such as for controlling master data) but may lack control in newer technologies like training an AI to generate […]
Achieving Smoother, Quicker Data Modeling
When the Navy SEALS embraced its motto, “Slow is smooth, and smooth is fast,” they may as well have been discussing building data models in the same breath. The SEALS chose the phrase to remind its participants not to rush but to act thoughtfully and deliberately. Data Modeling does the same thing by helping businesses design and update data architectures […]
Data Pipelines: An Overview
Just as vendors rely on U.S. mail or UPS to get their goods to customers, workers count on data pipelines to deliver the information they need to gain business insights and make decisions. This network of data channels, operating in the background, distributes processed data across computer systems, an essential framework and function for any data-driven […]
Trends in Data Governance in 2023: Maturation Toward a Service Model
Companies increasingly want to mature their Data Governance, the formal Data Management capabilities around its value as a service, in 2023. That way, organizations can respond to an uncertain business environment quickly and flexibly. While Kelle O’Neal, founder and CEO of the data consulting firm First San Francisco Partners, first identified this need for Data Governance as a […]
Data Strategy Trends in 2023: Toward Organizational Alignment
Any organization making data decisions should have a Data Strategy, a set of choices that chart a course of action to achieve high-level goals. In 2023, many business leaders will shift toward reframing their strategy to manage their data better. Over the past few years, most companies have managed data sporadically, resulting in a disjointed […]