Organizations want Data Governance, a formalized practice that connects different components – roles, processes, communications, metrics, and tools – for its benefits. Company-wide data represents a resource that will “become more valuable than people ever anticipated,” according to David McGraw, senior manager in consumer and industrial products at West Monroe. Advances in generative AI models in 2023 will only increase the […]
Data Fabric Use Cases
Data is expanding in volume, variety, and sources; therefore, so is the business need for trustworthy, accurate, and timely data for on-demand “competitive intelligence.” Data fabric use cases offer a long-range technological solution for handling the myriad challenges that come with such a complex data ecosystem. This “converged platform,” designed with a unique architecture and […]
Quantifying the Value of Data to Business Leaders
When you hear the phrase “data monetization,” you might think of selling data to a third party – along with the many ethical and privacy issues that go with it. While this practice plays a significant role in our modern economy, there is another type of data monetization that receives less buzz but is equally […]
A Brief History of the Data Warehouse
A data warehouse stores data from in-house systems and various outside sources. Data warehouses are designed to support the decision-making process through data collection, consolidation, analytics, and research. They can be used in analyzing a specific subject area, such as “sales,” and are an important part of modern business intelligence. The architecture for data warehouses was […]
Fundamentals of Metadata Management
Metadata powers effective action on information by providing context, content, and structure. When this information is managed well, data consumers can find and get the correct data they need. As Atlan Prukalpa Sankar states, “Metadata is the glue that can bind the modern data stack together, the layer that will allow increasingly diverse, siloed tools and people to collaborate effectively.” Grasping the […]
A Brief History of Business Intelligence
In 1865, Richard Millar Devens presented the phrase “Business Intelligence” (BI) in the “Cyclopædia of Commercial and Business Anecdotes.” He used it to describe how Sir Henry Furnese, a banker, profited from information by gathering and acting on it before his competition. More recently, in 1958, an article was written by an IBM computer scientist […]
Seven Essential Data Management Skills
As businesses continue to promote a culture of data democratization, effective strategies for managing data migrations and ensuring secure data access are gathering steam. IDC predicts that advanced Data Management skills will be necessary for up to 50% of everyday business operations in both large enterprises and small organizations this year. Data centers are becoming increasingly important for […]
The Fundamentals of a Data-Driven Approach
Organizations with a data-driven approach cultivate a culture that uses data and business insights to drive all company decisions. A data-driven organization encourages all stakeholders to base everyday business activities on data and insights instead of relying on their gut. In this data-focused business environment, data analysts safely serve as the “eyes” of the business, […]
The Importance of a Change Management Plan for Digital Transformation
In times of uncertainty in the global business landscape, the organizations that are quick to adapt and respond to change are the ones that survive crises such as the pandemic. In the past five years and especially during the pandemic, global organizations have been under tremendous pressure to adopt digital transformation to survive. The truth is that […]
Data Quality Tools and Solutions
Data Quality tools can help to make data more trustworthy and more manageable. Inaccurate data promotes poor decision-making, missed opportunities, and lower profits. As use of the cloud continues to grow and become more complex, Data Quality has become a critical issue. Data Quality tools, when used effectively, resolve the issues that cause these problems. […]