Maximizing the value of data often comes down to ensuring it’s in the right place at the right time and in the right form. While that process may produce magical-seeming results, the road to creating an optimal data quality strategy need not be mystifying. This was the guiding message delivered by Monika Kapoor – director […]
Six Common Digital Transformation Challenges
During digital transformation, one of the most formidable challenges organizations face is resistance to change and the complexities of effective change management. Human nature often gravitates toward familiarity and routine, making any deviation a source of discomfort. This psychological inertia can stem from various factors including fear of job loss, perceived inadequacy in new skill […]
Improving Data Quality with Data Stewardship
To get value from data, data stewards must understand and apply business requirements. When business ambiguity arises about how to best serve data stakeholders, data stewards need to know how to find out this information and with whom to speak. By doing so, stewards can align fit-for-purpose data with business needs and improve data quality. Data stewards understand […]
Data Ethics: New Frontiers in Data Governance
Would you feel comfortable serving as a Data Governance consultant for an organized crime family … but not for a brokerage with tax fraud in its past? Could the use of ransomware be considered socially acceptable if its demands benefitted needy children? These hypotheticals might sound outrageous – indeed, they are meant to be provocative – but […]
Data Storytelling 101
Humans are inherently wired for stories. Stories captivate our imaginations, simplify complexity, and provide context – and turn abstract figures into relatable scenarios. Data storytelling takes advantage of this human passion. In data storytelling, the message is conveyed through engaging narratives, making the data insights inspire a high level of trust among the audience. It empowers stakeholders […]
Evaluating Enterprise Data Literacy
Any organization that aims toward complete digital transformation must move toward enterprise data literacy. So, what exactly is data literacy? Gartner defines data literacy as: “The ability to read, write and communicate data in context, including an understanding of data sources and constructs, analytical methods and techniques applied – and the ability to describe the […]
What Does It Mean to Be Data-Driven?
Businesses succeed or fail based on their ability to make sound decisions. Every aspect of an organization’s operation, from the simplest to the most complex, is the result of a series of decisions, each building on the next, from the chairs in the employee lunch room to the million-dollar marketing campaign that will make or […]
Fundamentals of Descriptive Analytics
In descriptive analytics, data aggregation, and data mining techniques are used to collect and review the historical data of a business to gauge the past performance. The most common example of descriptive analytics is the reports that a user gets from Google Analytics tools. A web server’s summarized performance reports may help the user analyze […]
Demystifying Metadata Management for Tech and Business
Metadata is of critical interest in today’s data-driven business environment, and there is a growing awareness of the need for both business and technical users to embrace it, says Donna Burbank, Managing Director of Global Data Strategy and author of “Data Modeling for the Business” and “Data Modeling Made Simple.” Speaking at a previous Data Architecture Online conference, Burbank talked about practical […]
What Is Data Literacy and Why Does It Matter?
An international survey by technology company Accenture in 2020 found that 75% of C-suite executives believe that all or most of their employees are proficient at working with data. However, only 50% of middle managers felt the same way. And what about the employees themselves? Only 25% felt that they were fully prepared to use data effectively, […]