Statista predicts that global data generation will reach 180 zettabytes by next year. As data volume skyrockets, organizations must adapt their strategy around maintaining, storing, and leveraging data assets. This is especially true as data-intensive technologies like AI and machine learning (ML) become ubiquitous. Organizations without a proper data management strategy will suffer the consequences of increased […]
The Cool Kids Corner: Driving Data Projects
Hello! I’m Mark Horseman, and welcome to The Cool Kids Corner. This is my monthly check-in to share with you the people and ideas I encounter as a data evangelist with DATAVERSITY. This month we’re driving data projects. Have you ever been on the precipice of starting a major data project and wondered, “Where do […]
Breaking Down Data Silos for Digital Transformation Success
In the race to become data-driven, many enterprises are stumbling over an age-old hurdle: data silos. A recent study by IDC found that data silos cost the global economy a whopping $3.1 trillion annually. Despite years of digital transformation efforts, the divide between technical and non-technical teams persists, hindering the full potential of data assets. A report […]
What Is Master Data Management (MDM)? Definition, Components, Benefits, Uses
Master data management (MDM) is a set of practices and tools that help organizations define, unify, and manage their most important shared data assets. MDM provides a single, trusted view of key business entities like customers, products, and suppliers, ensuring data consistency and accuracy across all systems and departments. By ensuring master or “golden” records […]
How to Design a Dynamic Data Archival System for Maximum Results
Today’s business landscape continues to become more data-driven. The fact is that the quality of enterprise data defines modern organizations. Business growth stems from proficient data management and analysis. For organizations to thrive, it’s critical for an efficient data archival solution to be in place to satisfy customer demands and attain company goals. Because of […]
Leveraging Data to Unlock Hidden Growth with Data Mesh, Data Fabric, and Knowledge Graphs
Among business leaders today there is a persistent fear of missing out on something transformative. They know they are sitting on a goldmine of data; they know this data could conceivably be turned to profitable ends. What they struggle to do is leverage this data. And the more time they waste, the worse the problem gets because […]
What Does It Mean to Be Data-Driven?
Businesses succeed or fail based on their ability to make sound decisions. Every aspect of an organization’s operation, from the simplest to the most complex, is the result of a series of decisions, each building on the next, from the chairs in the employee lunch room to the million-dollar marketing campaign that will make or […]
The Rise of Cybersecurity Data Lakes: Shielding the Future of Data
The increase in the prevalence and complexity of data breaches points to one conclusion – traditional cybersecurity measures are no longer enough to keep our valuable data safe. According to a recent report, data breaches exposed a staggering 35 billion records in the first four months of 2024. To deal with this escalating crisis, a new solution […]
Output Monitoring to Overcome LLM Vulnerabilities
The vulnerabilities in large language models (LLMs), such as their ability to create hallucinations, their inherent biases, and their susceptibility to corruption, have led to hesitation among businesses in deploying AI applications for business advantage. This concern is compounded further by the lag in legislative regulations to address these risks. Despite these challenges, businesses are […]
Key Steps for Managing Scope 3 Data Efficiently
As the effects of climate change become increasingly clear, businesses today are facing unprecedented pressure to rein in their carbon footprints and to properly account for and disclose their environmental impact. The era of vague, voluntary corporate mission statements on climate-related goals to satisfy internal and external stakeholders’ demands is over. In their place have […]