A digital transformation strategy is a detailed roadmap for using digital processes to enhance business outcomes across different functions of an enterprise. Data and digital technologies drive this strategy. One thing to note is that the marketing function plays a critical role in shaping the broad business goals and objectives of any business. To gain […]
Developing a Data Literacy Program for Your Organization
Data is the driving force behind decision-making, strategy formulation, and overall business success. However, with the exponential growth of data, organizations are facing a significant challenge: data overload. Without proper understanding and interpretation of data, organizations risk…
Data Literacy Trends in 2024
Data literacy has become a critical skill in today’s technology-driven world. As we begin 2024, the importance of data literacy trends cannot be overstated. Organizations are recognizing that data is no longer just a byproduct of their operations but a valuable asset that can drive informed decision-making. Data novices are individuals who lack the skills […]
2023 DATAVERSITY Top 20
As the year draws to a close, we here at DATAVERSITY have an annual tradition of digging deep into our data and reflecting on the hits and misses. What was the most popular Data Management content on dataversity.net and our training center over the past 12 months? Which core topics did you – our data […]
The Challenge of Data Accuracy
Data has become one of the most valuable assets of modern businesses. The data a company collects, analyzes, and monetizes is now perceived as a distinct “asset class” rather than merely a byproduct of its IT operations. However, the value of data to an organization diminishes rapidly as the information becomes less accurate. Companies are responding […]
Data-Driven Decision-Making 101
Data-driven decision-making involves utilizing data and analytics to solve business problems. Relying on facts rather than intuition or personal opinions can lead to more accurate and effective decisions. In business organizations, evidence-based decisions can optimize operations, enhance productivity, and drive growth. By examining trends, patterns, and correlations within datasets, business operators can uncover valuable information that helps […]
Metadata Management Best Practices
Using metadata management best practices helps to maximize the value of the data stored by an organization. Finding the right data after it has been placed in storage can be difficult if the storage system has no organization. Metadata is used to organize the data so it can be found easily. Metadata is essentially a […]
Critical Data Elements Explained
The process of identifying critical data elements (CDEs) is a fairly new best practice in Data Governance programs. Software does not yet support the identification process. CDEs may be described as the specific data needed for doing business (requiring high-quality data) or the specific data that is extremely sensitive (requiring good security). These particular data […]
Data Visualization Best Practices
Good data visualizations boost business data literacy by presenting well-thought-out dashboards or reports that show data assets for quicker and more straightforward consumption. Following data visualization best practices leads to positive outcomes for organizations. These benefits include reducing the time and costs of questions data consumers ask by answering them up front in the data visualizations. Additionally, good visualizations increase consistency […]
Getting Executive Buy-in for Data Management
Within the last several years, the marketplace has shifted from industrial-produced to data-based. Consequently, many companies have a strong drive to become data-driven, from financial firms to nonprofits. Yet, when C-suite managers and others discuss making money from data, they see the face of data analytics and Data Science. These conversations miss the Data Architecture and Data Management fundamentals […]