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 […]
Data Strategy Best Practices
Data Strategy, the master plan or blueprint for confronting day-to-day business challenges and meeting pre-defined business goals using data, has gained significant traction. More companies are seeing the connection between following Data Strategy best practices and boosting profit. Gartner estimates that 50% of financial planning and analytics leaders will take charge of developing and refining their Data Strategy. Moreover, […]
Data Cataloging Tools
Data cataloging tools work with data catalogs to make them more efficient. Data catalogs typically come with tools included as part of the data catalog package. The tools included with data catalogs have been developed to support data quality, analytics, and compliance with data privacy regulations. Unfortunately, the number of independently sourced tools for data […]
Machine Learning 101
Machine learning (ML) is a subfield of AI that helps train machines to make decisions or complete tasks independently by studying and learning from data. Machine learning enables computers to learn, understand, and make decisions or perform tasks like humans without explicit programming. Machine learning includes the process of building mathematical models from sample historical data […]
How to Build a Career in Data Science
Considering a career in Data Science? Good news: The U.S. Bureau of Labor Statistics estimates that the employment rate for data scientists will grow by 36% between 2021 and 2031, with 40,500 more jobs expected to be created in that time. As the amount of data generated globally increases at a rapid pace, so too does the […]
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 […]
Developing a Cloud Migration Strategy
Cloud migration involves moving an organization’s data, applications, digital services, databases, and other IT resources to the cloud environment. A cloud migration strategy contains the blueprint for making this move happen. According to Gartner, more than 45% of IT spending will shift from traditional data-processing platforms to the cloud by 2024. This observation reaffirms the cloud platform’s popularity as […]
Making the Business Case for AI
Having made the suggestion the organization you work for needs artificial intelligence (AI) to support future growth, you are now required to make a presentation to the board of directors and convince senior leadership to invest in AI. Below are a few key considerations to consider while making the business case for AI. In terms […]
Data Governance Best Practices
With digital transformation initiatives on the rise, organizations are investing more in Data Governance, a formalized practice that connects different components and increases data’s value. Some may already have established Data Governance programs for older Data Management systems (such as for controlling master data) but may lack control in newer technologies like training an AI to generate […]