Maturing Data Governance means growing an organization’s conception and management of its data assets from a narrow IT project conception to the broader business. Organizations can no longer ignore this approach as they drive to digitally transform, improve business efficiency and effectiveness through digitization and human resources. Al-Ruithe, et al. hammer this point home by […]
Enterprise Data Literacy: Understanding Data Management
To truly understand data-as-an-asset requires Enterprise Data Literacy, an organizational capability to take, analyze, and use data to remain secure and competitive. But achieving a high Enterprise Data Literacy can remain daunting when business and IT interact together. All too often in the middle of a project sprint, IT gets stuck on a minor problem, […]
Scaling the Analytics Team: Developing Key Roles
In an enterprise analytics team, different roles exist to fill different needs, and those needs must be met in order to be successful. Launching an analytics program doesn’t necessarily require a massive influx of personnel before producing usable insights from data, yet it’s important that critical roles are filled, whatever the size of the team. […]
Deep Learning and Analytics: What is the Intersection?
Emergent artificial intelligence (AI) technologies, especially the automated algorithms populating analytics platforms, are impacting and reshaping the world of business analytics. The underlying connections between traditional analytics processes and the disruptive technologies will make you cheer if you happen to be a data scientist or a business analyst — because your redefined role in the […]
How Much Data Quality is Good Enough?
Ask the question “How much Data Quality is good enough?” and see some very puzzled and alarmed looks. Data Quality, comprising all activities making data fit for consumption, plays a fundamental role in trust, security, privacy, and competitiveness. Good Data Quality is critical because it fuels a surviving and thriving business. While it would be […]
Driving Good Data Management Across the Enterprise
Data Management develops in stages across the enterprise, according to the DATAVERSITY® Trends in Data Management Report. One or a few teams take the lead doing Data Management, ensuring successful data knowledge, protection, access, and value for projects or products. Then the good practices stay with that team or project, while others miss out on […]
Fundamentals of Cognitive Analytics
The journey of data analytics began with simple descriptive (review of past events) and diagnostic (analysis of past events) exercises and moved to the more sophisticated predictive and prescriptive genres,where advanced data models have enabled accurate future forecasts and actionable intelligence. And now cognitive computing has further strengthened the actionable predictive power of the machines […]
The Collective Data Literacy Gap
Every graph, data set, and chart has a story behind it. Knowing how to make sense of that narrative across an organization requires data literacy. Increasing the data literacy of smaller teams can be complicated, but equiping an entire organization is an even bigger task. So many teams bring in so many different skill sets […]
Understanding the Uses of Artificial Intelligence
Artificial intelligence (AI) has provided a critical competitive advantage for those organizations able and willing to use it. AI has gained significant momentum in the last few years, acting as personal assistants for some, while processing business transactions and providing technical services to others. AI systems have the ability to manage large amounts of data […]
Data Literacy Leads to Success
The Data Literacy Project says that workforce data literacy has proven to have a positive correlation with corporate performance. Improved corporate data literacy positively impacts gross margin, return-on-assets, return-on-equity, and return-on-sales, resulting in $320 to $534 million in higher enterprise value over organizations with lower data literacy, according to the Data Literacy Index. The study […]