There is no doubt that machine learning (ML) is transforming industries across the board, but its effectiveness depends on the data it’s trained on. The ML models traditionally rely on real-world datasets to power the recommendation algorithms, image analysis, chatbots, and other innovative applications that make it so transformative. However, using actual data creates two significant challenges […]
Book of the Month: “AI Governance Comprehensive”
Welcome to December 2024’s “Book of the Month” column. This month, we’re featuring “AI Governance Comprehensive: Tools, Vendors, Controls, and Regulations” by Sunil Soares, available for free download on the YourDataConnect (YDC) website. This book offers readers a strong foundation in AI governance. While the emergence of generative AI (GenAI) has brought AI governance to […]
Technical and Strategic Best Practices for Building Robust Data Platforms
In the AI era, organizations are eager to harness innovation and create value through high-quality, relevant data. Gartner, however, projects that 80% of data governance initiatives will fail by 2027. This statistic underscores the urgent need for robust data platforms and governance frameworks. A successful data strategy outlines best practices and establishes a clear vision for data architecture, […]
A Financial Approach to Evaluating Data, Analytics, and AI Investments
Extracting tangible business benefits from data and analytics projects, including those involving AI, has proven challenging for most enterprises. In 2019, VentureBeat reported that 87% of data and analytics (D&A) projects failed to reach production. In 2022, Gartner found that only 20% of insights derived from analytics translated into business outcomes. Despite various reasons for […]
Chatbot Quality Control: Why Data Hygiene Is a Necessity
The rush is on to deploy chatbots. Chatbots rely on data to power their outputs; however, companies that prioritize data quantity over quality risk creating systems that produce unreliable, inappropriate, and simply incorrect responses. Success in this field depends on rigorous data standards and ongoing quality control rather than simply accumulating more training data. When […]
Essential Components for Effective Data Management in the AI Era
Imagine a world where your data not only tells a story but also anticipates your next move – this is the promise of effective data management in the AI era. As organizations try to deal with vast amounts of information, three key components have emerged as essential for unlocking the full potential of data: metadata, […]
The Rise of Cloud Repatriation in Storage Solutions
In recent years, a large number of businesses have jumped on the wave and moved their applications and data to the cloud, with nine out of 10 IT professionals considering the cloud a cornerstone of their digital strategy. While the cloud can offer flexibility, the reality is managing cloud expenses and resulting security liabilities have become significantly […]
Crafting a Secure Future: Integrating an AI-First Security Posture
It is now well understood that integrating AI into an organization’s digital infrastructure will unlock real-time insights for decision-makers, streamline internal workflows by automating repetitive tasks, and enhance customer service interactions with AI-powered assistants. This technology will accelerate everything from purchases to personalized service requests. These benefits have made AI an essential component of modern […]
AI Data Governance Spotlights Privacy and Quality
The emergence of artificial intelligence (AI) brings data governance into sharp focus because grounding large language models (LLMs) with secure, trusted data is the only way to ensure accurate responses. So, what exactly is AI data governance? Let’s define “AI data governance” as the process of managing the data product lifecycle within AI systems. To keep it […]
Closing the Circle: How We Can Fill Data Gaps to Make Sustainability More Sustainable
Rigorous decarbonization goals have run up against the realities of running businesses. Companies are falling short of targets, as a 2022 study by the CDP (Climate Disclosure Project) revealed a mere 0.4% of disclosing organizations had credible climate transition plans, with 13% making progress. We’ve made progress in regulations, investments, and technologies; and learned a lot about the […]