Without a clear understanding of core data concepts, communications around implementing an organizational Data Management initiative can become a muddle. As different teams come together to plan and organize data activities, they must integrate what they mean about data with any technologies. For example, take the term “Data Governance.” Data engineers building systems and tools to enable […]
How to Become a Data Modeler
There is always a need for data modelers. However, the job description of this career field varies, depending on the needs of the organization. For example, if you become a data modeler working for a startup, you might coordinate with data scientists and data architects in designing a new system – one that includes the […]
The Fundamentals of Data Integration
Data integration uses both technical and business processes to merge data from different sources, helping people access useful and valuable information efficiently. A well-thought-out data integration solution can deliver trusted data from a variety of sources. Data integration is gaining more traction within the business world due to the exploding volume of data and the […]
Building a Data Culture with Data Storytelling
Businesses worldwide are churning out vast volumes of data like never before. Statistics show that people will generate 120 zettabytes of data by the end of 2023, and that number will likely climb to 181 zettabytes by 2025. To extract the full value of all this data, business leaders must prioritize data-driven practices such as data storytelling – a […]
9 Benefits of Business Intelligence
Business intelligence (BI) refers to the process of collecting, analyzing, and interpreting business data to unlock business potential. In 2023, business intelligence plays a crucial role in the growth and success of global businesses, providing benefits that help them gain a competitive edge. BI tools assist business leaders in making data-driven decisions and provide them […]
Developing a Digital Transformation Framework
In today’s world, digital transformation is no longer an option. Instead, it is a necessity for businesses to stay competitive. The rapid pace of technological advancements, coupled with changing consumer behavior and expectations, has forced companies to rethink their strategies and embrace digital transformation. In fact, a recent study by McKinsey & Company found that […]
Master Data Management Best Practices
Modern businesses can stay competitive by using the best practices for master data management (MDM). These best practices promote the use of clean, accurate data about suppliers, customers, and products. This, in turn, supports better analytics and business decisions. A master data management solution supports the development of master data, which can provide consistent, accurate data […]
Developing a Data Strategy Template
Organizations want a solid and usable Data Strategy template – a well-thought-out plan for a set of decisions that form a pattern, charting a high-level course of action – but face challenges. For example, only 30% of companies have impactful data strategies that align with some operations, resulting in wasted investments in improving analytics and business insights. Instead, most […]
9 Key Data Management Principles and Practices
Business leaders often make corporate decisions in haste, based on data that is neither thoroughly analyzed nor understood. This can pose a serious threat to data-driven decision-making. Additionally, businesses risk losing a competitive edge by not following important business analytics practices. To get the full benefit of data-centric activities, businesses must follow several core Data […]
Data Warehouse vs. Data Lakehouse
The phrase “data warehouse vs. data lakehouse” offers an exciting topic for ongoing debate in the global Data Management world. While businesses have relied on traditional data warehouses for storing structured and semi-structured data for years, the more recent technological solution of the data lakehouse is growing in importance because of its unique ability to provide structure to raw data. […]