Data Management is the practice of gathering, organizing, securing, and storing data for an organization so it can be analyzed for business decisions. Data Management helps minimize potential errors by setting processes and policies around its usage and building confidence in the data used for decision-making throughout the company. Businesses implement Data Management systems to ensure that data […]
The Role of Decision Science in Shaping Business Analytics
The field of decision science focuses on making data-informed decisions. Decision science helps to analyze the impact of a decision on the business. The best decisions are often made with a combination of data and precise business questions. The more precise the questions, the more precise the data requirements will be. Harvard’s Center for Health […]
Data Literacy Best Practices
The term “data literacy” refers to the ability to extract meaning from data. IDC, the global market intelligence expert, has predicted a “ten-fold increase in worldwide data” by 2025. It’s no wonder many data-driven organizations are in a race for an enterprise-wide data literacy initiative, with the vision of transforming their employees into data-literate workers. Global […]
Data Analytics Tools: Features and Functions
Today’s business environment is inherently data-driven. Businesses need data to stay competitive and grow their market presence – data is regarded as the “currency” of the modern world and the key to the future. Data analytics, in turn, is the process of discovering trends and patterns in large amounts of data to make intelligent decisions. It […]
Data Mesh Architecture Fundamentals
A data mesh architecture is a network design that allows data to be routed across multiple paths between network nodes. Whereas traditional network designs routed data along a single path, data mesh architecture enables data to be routed simultaneously across multiple paths between nodes. This architecture provides several advantages over other architectures, such as a hub-and-spoke […]
Using AI and Machine Learning with Data Governance
Anomalous data can be disastrous to enterprise Data Management. Data corruption frequently occurs due to data silos or inconsistent data formats, divergent views of data through different systems, human errors, multiple data entries of the same data by multiple users, poor Data Governance and many more reasons. With an ever-growing stream of high-volume, high-velocity data […]
Types of Analytics Used in Organizations
Data analytics in businesses help uncover competitive intelligence, actionable insights and trends. Different types of analytics enable businesses to gain an edge over their competitors. In the “data first” era, data-driven insights and decisions have become the key drivers of business performance. This post reviews the different types of data analytics routinely used in enterprises. […]
Five Essential Data Architecture Principles
Data Architecture principles are a set of policies that govern the enterprise data framework with its operating rules for collecting, integrating, using, and managing data assets. The basic purpose of the Data Architecture principles is to keep the supportive data framework clean, consistent, and auditable. The overall enterprise Data Strategy is built around these principles. […]
Data Science Tools: Smart Assistants for Data Analytics
In a globally competitive world, businesses that haven’t invested in Data Science tools can have difficulty making timely decisions or applying actionable insights. Today, data scientists’ greatest asset is the technology platforms or the tools that they have access to. The tools of the trade can mine and analyze petabytes of data in seconds and […]
Challenges of Data Governance in a Multi-Cloud World
Today, it would be really hard to find a business totally free of cloud services. In spite of battling centralized “no-cloud” policies in some enterprises, individual departments, work groups, and units are increasingly subscribing to services for data storage and backup, media services, CRM, hosted analytics, and more. Even developers are using Infrastructure-as-a-Service (IaaS) and […]