The AI revolution isn’t coming: It’s here, and organizational governance structures are woefully unprepared. While 64% of businesses expect AI to increase productivity, most AI models fail. This result highlights a stark gap between potential and reality. Getting timely and usable data sets for AI training and analysis is crucial for becoming data-driven. At the heart of this multi-faceted challenge lies […]
The Future of Data Literacy
There was a time when only elite, tech-savvy staff in an organization understood and felt qualified to discuss data-enabled business decisions. These individuals often possessed advanced academic degrees in data science, data engineering, statistics, operations research, and other allied fields and did not speak the language of the ordinary business staff. As a result, there […]
Women in Data: Meet KNIME Head of Data Science Evangelism Rosaria Silipo
The latest installment in our Q&A series with women leaders in data features Rosaria Silipo, head of data science evangelism at KNIME. (Read our previous Q&A here.) Rosaria Silipo, Ph.D., has worked in data analytics and data science for the past 30-plus years. Currently the head of data science evangelism at KNIME (as well as a longtime DATAVERSITY […]
How to Become a Data Steward
An essential role in any data-driven organization, a data steward is expected to manage and protect valuable data resources while ensuring that the integrity of the data remains intact. A steward must ensure that the data is useful to the company and meets its business objectives. Data stewards are also responsible for monitoring the data […]
Self-Service Analytics: Pros and Cons
Self-service analytics empowers the non-technical users in an organization. Traditionally, data analysis was the domain of specialized data scientists or IT professionals with skills to manipulate and interpret complex datasets. In self-service analytics, user-friendly tools enable ordinary business users to conduct data analyses without expert knowledge or support. These tools typically feature user-friendly interfaces, drag-and-drop functionalities, and pre-built templates […]
Fundamentals of Data Preparation
Data is often called the raw material of the information age, and it does share characteristics with the resources that power other industries. For example, imagine trying to make a car out of unrefined iron ore. A lot of processing happens between the mine and the factory. Data is no different. In its “raw” form, […]
AI Governance in Action: Practical Insights from a Data-Driven Enterprise
As AI adoption skyrockets, how can organizations harness its power responsibly? AI promises enhanced decision-making and customer interactions, but it comes with ethical, compliance, and infrastructure risks. Consequently, AI governance is crucial to address these risks. In response, many businesses turn to their established data governance (DG), aiming to leverage existing controls and procedures. However, AI introduces […]
Large Language Models 101
Large language models (LLMs), built on the transformer architecture of deep learning, are designed to process very high volumes of textual data at a high speed. LLMs also have the power to generate new text and interact with human language innovatively. Training on different types of data, including articles, books, periodicals, and websites, LLMs develop […]
Data Product vs. Data as a Product (DaaP): Understanding the Difference
Data quality (DQ), which ensures that data is fit for business and consumer needs, remains a significant challenge and is growing more complex. According to a dbt Labs 2024 report, 57% of survey respondents identified data quality as a challenging aspect to data preparation, up from 41% in 2022. To address these data quality challenges, companies increasingly […]
Building an Enterprise Data Strategy: What, Why, How
No matter how good you feel about the reliability of your company’s data operations, you can’t help wondering on occasion what the chances are that your firm will be one of the victims of the next data outage, malware scourge, or cyberattack. This is especially the case if your job entails ensuring the availability of your organization’s […]