Click to learn more about author Tejasvi Addagada. Organizations implement a change to create value and benefits for stakeholders or shareholders. Often, value creation is nothing but enjoying the benefits at an ideal resource cost while optimizing risk. A simple retail banking operation, for instance, cannot generate extended value from its assets, in-case it is not […]
US Department of Labor Creates Chief Data Officer Position and Establishes Data Board
According to a recent press release, “Earlier this year, President Trump signed the Foundations for Evidence-Based Policymaking Act of 2018 into law, which included the Open, Public, Electronic, and Necessary Government Data Act (OPEN Government Data Act). The OPEN Government Data Act, among other things, directs the head of each agency to ‘designate a nonpolitical […]
So You Want to be a Chief Data Officer?
More big companies are investing in treating data as a core strategic asset, and they’re increasingly hiring Chief Data Officers (CDO) to help them do a better job. The percentage of corporate CDOs rose from 1 percent in 2005 to 13 percent in 2013. The dynamic and dramatic move toward a hyper-personalized society during those […]
Data Governance Trends in 2019
In October 2018, DATAVERSITY® released the report Trends in Data Governance and Data Stewardship, which was based on an online survey that garnered responses primarily from Information and Data Governance specialists, Data and Information Architects, and Business Intelligence and Analytics professionals. Findings from the survey revealed, among other things, that there’s still a lack of […]
Data Governance for Leaders: Turn Data Strategy into Actions
Click to learn more about author Usama Shamma. Data is everywhere, with IoT and the growing interconnectivity of the different data feeds, data sources, channels, and data consumers, the need for Data Governance controls guided by a Data Strategy are highly arise to support business decisions and fulfill compliance requirements such as European General Data […]
Data Governance Operationalization: The Team
Click to learn more about author Jayakumar Rajaretnam. This is the second part of a two-part series on the operationalization of Data Governance. The first part of the series “Data Governance Operationalization: The Gap” discussed how the need arose, some of the main reasons needed for Data Governance operationalization, and what is required. This part takes […]
Data Governance Operationalization: The Gap
Click to learn more about author Jayakumar Rajaretnam. A decade ago, consultants had to create awareness & educate clients about governance; highlight regulatory risks, compliance requirements, penalties, etc. It was more like selling an insurance product. Today, organizations globally understand what Data Governance (DG) is, its benefits, and the risks of not governing data. In fact, […]
The Data Scientist of the Future: What Will They be Doing?
As data continues to rise in volume and variety, and businesses grow more data-centric, the decision-making power of advanced algorithms is now openly welcome in enterprises of all sizes. Now, the average business user is not affected even if a knowledgeable Data Scientist is not around. Today, technology innovations are increasingly empowering the ordinary staff […]
How Can the Chief Data Officer Facilitate Data Literacy and Data Democracy?
“Data Literacy: It’s all about how to get people in an organization engaged so that they can make decisions and take actions that can collectively drive better decision-making,” said Harald Smith, Director of Product Management at Syncsort. Smith is a strong proponent of Data Democracy. “Data Democratization” is the idea that digital information should be […]
Design Thinking to Put a Governance Model that Doesn’t Fail
Click to learn more about author Tejasvi Addagada. Fully understand the problem – The generalized challenges that Chief Data Office (CDO) face today, are a good starting point to understand the deeper problem. If an existing Governance Model does not seem to work, it is better to start understanding the core beliefs and values in the […]