Reusing data is a fundamental part of artificial intelligence and machine learning. Yet, when we collect data for one purpose, and use it for other purposes, we could be crossing both legal and ethical boundaries. How can we address the ethics of reusing data? Understand Your Data Before we address the issue of reuse, we […]
Unlocking the Power of Data with Process Mining
Data is invaluable to an organization, but it can also represent a major stumbling block if an enterprise hasn’t optimized how data is used to support processes that run operations. Process mining can play a role in helping organizations get an objective and detailed view of process flows – including fixing bottlenecks and delays that […]
Why It’s Time to Rethink Generative AI in the Enterprise
If you’ve been keeping an eye on the evolution of generative AI (GenAI) technology recently, you’re likely familiar with its core concepts: how GenAI models function, the art of crafting prompts, and the types of data GenAI models rely on. While these fundamental components within GenAI remain constant, the way they’re applied is transforming. The […]
Demystifying Data Analytics Models
In today’s global landscape, organizations worldwide are increasingly turning to data analytics to enhance their business performance. Research conducted by McKinsey Consulting revealed that data-driven companies not only experience above-market growth but also witness EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increases of up to 25% [1]. Additionally, Forrester’s findings indicate that organizations utilizing […]
Why the Rise of LLMs and GenAI Requires a New Approach to Data Storage
The new wave of data-hungry machine learning (ML) and generative AI (GenAI)-driven operations and security solutions has increased the urgency for companies to adopt new approaches to data storage. These solutions need access to vast amounts of data for model training and observability. However, to be successful, ML pipelines must use data platforms that offer […]
DevOps and Data: Lessons Teams Can Learn About Managing Databases
According to the Bureau of Labor Statistics, the outlook for jobs around managing data architecture and databases looks pretty good: The number of professionals with roles around managing data is due to grow by eight percent from 2022 to 2032. However, while the number of roles that work around data is going up, the position of database […]
The Cool Kids Corner: Equity and Privacy
Hello! I’m Mark Horseman, and welcome to The Cool Kids Corner. This is my monthly check-in to share with you the people and ideas I encounter as a data evangelist with DATAVERSITY. This month, we’re talking about personal identifiable information (PII) and the privacy of that data, but also about ways organizations use personal data […]
How to Ensure Data Quality and Consistency in Master Data Management
In the digital age, organizations increasingly rely on data for strategic decision-making, making the management of this data more critical than ever. This reliance has spurred a significant shift across industries, driven by advancements in artificial intelligence (AI) and machine learning (ML), which thrive on comprehensive, high-quality data. This evolution underscores the importance of master […]
World Backup Day Is So 2023 – How About World Data Resilience Day?
Instead of celebrating World Backup Day 2024 for accomplishing another year of successful backups, I recommend using it to look forward to a year of testing recovery. Instead of starting data protection strategies by planning backups, organizations should flip their mindset and start by planning recovery: What data needs to be recovered first? What systems […]
Unveiling the ROI Dilemma: How Data Blind Spots Impact Asset Owners’ Bottom Line
In today’s fast-moving investment world, corporate and insurance asset owners are operating in the dark, hindered by the absence of a standardized industry benchmark for an overall asset performance assessment. Asset owners usually have many other responsibilities beyond managing portfolio strategies, affecting their ability to allocate time to comprehensively evaluate and optimize the performance of […]