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. (Read last month’s column here.) This month we’re talking about the current demand for master data management (MDM). What is MDM? Why is it needed now […]
Weed Out Bad Data to Make Better Business Decisions
With data powering just about every modern business, the saying “garbage in, garbage out” is more relevant today than it’s ever been. Any data-based application, whether it’s a simple analytics engine or an advanced AI model, is only as effective as the data it’s fed. For any organization to become truly data-driven, they must weed […]
Transforming Decision-Making Processes
On a typical day, managers spend 37% of their time making decisions, according to a McKinsey study. Decisions are the lifeblood of a business and need to be made with accuracy and speed. The manual and complex process of decision-making today amounts to 530,000 days of lost productivity and roughly $250 million in labor costs for the […]
The Role of Data Privacy Compliance in Safeguarding Trust
Trust is a must in the digital and online economy. No customer would want to transact with businesses that cannot guarantee that they will receive the product they paid for. Similarly, customers need the assurance that their financial and personal details are kept private. Cases of data theft continue to increase and they are unlikely to […]
How to Leverage Data Analytics to Boost Revenue
The shift from “go-with-your-gut” style to “data-driven” decision-making has revolutionized businesses. Today, data serves as the lifeblood of all types of businesses – small, medium, or large. That said, merely having data doesn’t guarantee accurate decision-making. Businesses require the right tools to extract meaningful insights from data. That’s where data analytics comes into play. Data […]
Blockchain-Based LLMs: A Game Changer for Data Privacy Protection
In today’s digital age, data privacy has become a major concern for individuals and organizations alike. With the increasing number of data breaches and unauthorized access to personal information, the need for robust data privacy protection measures has never been more pressing. That’s where blockchain-based large language models (LLMs) comes into play. Blockchain is a […]
A Data-Driven Approach to Targeting Loyalists and Switchers
Today’s streaming wars continue to make headlines as the major services report subscriber wins and losses amid a period of business model reinvention. For example, while Netflix recently reported steady customer growth – including for its new ad-supported plan – Disney+ saw the loss of 4 million subscribers and Warner Bros. Discovery’s subscriber numbers fell short of analyst estimates. […]
Five Trends Shaping Enterprise Data Labeling for LLM Development
In an era where large language models (LLMs) are redefining AI digital interactions, the criticality of accurate, high-quality, and pertinent data labeling emerges as paramount. That means data labelers and the vendors overseeing them must seamlessly blend data quality with human expertise and ethical work practices. Crafting data repositories for LLMs requires diverse and domain-specific […]
Empowering Power BI with the Semantic Layer
Today’s organizations widely acknowledge the significance of leveraging data and analytics. Virtually every executive envisions establishing a data-driven organization. However, a survey conducted by New Vantage Partners reveals that only a mere 26.5% of companies have effectively achieved this transformative goal. Part of the problem lies in the ineffective collaboration between business and technology teams. In the […]
CCPA vs. GDPR: Differences and Similarities for Data Protection
The California Consumer Privacy Act (CCPA) and the General Data Protection Regulation (GDPR) were created to empower individuals with greater control over their personal information. Both laws regulate the activities of organizations that collect and use data in various ways. Data protection plays an essential role in ensuring compliance with both privacy regulations. CCPA vs. […]