Generative AI has a fairly short history, with the technology being initially introduced during the 1960s, in the form of chatbots. It is a form of artificial intelligence that can currently produce high-quality text, images, videos, audio, and synthetic data in seconds. However, it wasn’t until 2014, when the concept of the generative adversarial network […]
The Impact of Data Silos (and How to Prevent Them)
Data silos often develop unintentionally within businesses, catching leaders by surprise. They hinder cross-departmental collaboration while giving rise to inconsistent data quality, communication gaps, reduced visibility, and increased expenses. The gravity of impact can be gauged from a report by Forrester research, which finds that knowledge workers spend an average of 12 hours a week “chasing data.” […]
Common Master Data Management (MDM) Pitfalls
Leaders need to trust data within the organization to make sound business decisions. So, many turn to master data management (MDM), a solution to get and keep uniform and accurate data that increases business value. Yet, according to Gartner, 75% of all MDM programs across organizations fail to meet business objectives. Moreover, this trend has worsened since 2015, […]
Business Intelligence and Analytics Trends in 2024
As organizations continue to generate massive amounts of data from various sources, the need for effective data analytics and business intelligence (BI) solutions has never been more pressing. Here are some general trends for data analytics and BI: Use of Advanced Algorithms in Data Analysis Advancements in machine learning (ML) and artificial intelligence (AI) are […]
How to Become a Citizen Data Scientist
The job responsibilities of a citizen data scientist include dealing with new data, using automated tools to process big data, and creating additional models to gain additional insights. Their primary job is not to make predictions directly from big data, or develop prescriptive analytics, but to build models and use tools that accomplish those goals. […]
Data Governance Trends in 2024
Companies are more determined than ever in 2024 to improve their Data Governance (DG) programs, the bedrock that supports harmonized data activities across organizations…
Master Data Management 101
The management of master data can be described as managing the data that is critical to your business’s operations. Master data management (MDM) deals with managing data that is relatively stable and critical to the business’s operations. The concept of master…
Data Strategy Trends in 2024
In 2024, organizations must embrace a good Data Strategy, a reliable touchstone created by an organization for businesspeople in their data-related endeavors and support its evolution. Executives face mounting pressure to swiftly adapt to a dynamic marketplace and demonstrate tangible impacts…
Data Analytics Platforms: Features and Benefits
Data analytics platforms offer a collection of powerful tools that enable organizations to make sense of the vast amount of data they generate and collect. These platforms offer a range of capabilities, including data integration, data cleansing, predictive modeling, and real-time reporting. The platforms usually provide a comprehensive suite of tools and techniques for analyzing […]
What Are Data Products and Why Do They Matter?
Data products are software in the form of specialty tools and apps that are designed to support data used as a service. They may be as simple and straightforward as a program that converts a dataset into a visualization, or as complex as a machine learning system based on large language models (LLM), such as ChatGPT. […]