Unlocking the value of data is a key focus for business leaders, especially the CIO. While in its simplest form, data can lead to better insights and decision-making, companies are pursuing an entirely different and more advanced agenda: the holy grail of data monetization. This concept involves aggregating a variety of both structured and unstructured […]
How to Foster a Cross-Organizational Approach to Data Initiatives
In today’s business landscape, data reigns supreme. It is the cornerstone of effective decision-making, fuels innovation, and drives organizational success. However, despite its immense potential, many organizations struggle to harness the full power of their data due to a fundamental disconnect between IT and business teams. This division not only impedes progress but also undermines […]
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, […]
Demystifying the CDO: 6 Steps to Defining and Elevating the Role
The role of chief data officer (CDO) has existed for over two decades, but despite its establishment as a C-suite staple, the position still suffers from a lack of clear definition and understanding within organizations. A significant majority (73%) of CDOs feel their role is poorly understood compared to other C-level executives, stemming primarily from […]
Mind the Gap: Ask for Business Actions, Not Business Value
I’m not sure I know anyone in the data and analytics field whose platform doesn’t face budget scrutiny. Analytics is expensive. And when cost-cutting is the order of the day, analytics is a big target. Up shields. Time for another business value inventory. I’ve spoken with consultants who have completed analytics business value inventories at […]
Chief Officers: Do You Know What Your Data is Costing You?
CXOs this year have witnessed a rollercoaster economy amid plenty of turbulent events – from ongoing inflation affecting consumer spending to large stock market swings, major overseas conflicts, and the uncertainties of an election year. Not surprisingly, the economic forecast remains murky at best. According to a CNBC CFO survey, CFOs seem to agree that […]
Unleashing the Power of People and Culture: The Ultimate Drivers of Data Governance Success
In the high-stakes world of data governance, where organizations strive to protect and leverage their most valuable asset, one truth stands out: technology alone won’t get you there. The secret sauce? People and culture. They are the lifeblood of any successful data governance strategy, the pulse that drives data literacy, and the force that propels […]
Data Lake Strategy: Its Benefits, Challenges, and Implementation
In today’s hyper-competitive business environment, data is one of the most valuable assets an organization can have. However, the sheer volume, variety, and velocity of data can overwhelm traditional data management solutions. Enter the data lake – a centralized repository designed to store all types of data, whether structured, semi-structured, or unstructured. Unlike traditional data warehouses, data […]
Beyond the “IT Guy” Stereotype: How Technology Leaders Drive Business Success
Traditionally, IT departments have been viewed as support functions primarily responsible for maintaining hardware, troubleshooting software issues, and ensuring basic connectivity. IT leaders are often treated like technical experts running a cost center, relegated to a dim back office and only emerging when summoned to address a problem. But that couldn’t be further from the […]
It’s Not the Tools, It’s the Culture: How to Roll Out Data Democratization
You want to implement data democratization, so you deployed all the new tooling and data infrastructure. You have a data catalog to manage metadata and ensure data lineage and a data marketplace to enable data discovery and self-service analytics. You’ve invested in the latest technologies to enable full self-service operation. The data management architecture you […]