Click to learn more about author Jeff Kinard. The global predictive maintenance market is anticipated to grow from $3 billion in 2019 to $10.7 billion by 2024, according to Markets and Markets. However, in order for the philosophy to become more pervasive, organizations need to have high-quality data. Businesses are drowning in data, and it […]
How Do You Put Your Data First So Your Migration Succeeds?
Click to learn more about author James Briers. “More than 80% of data migration projects run overtime and/or over budget. Cost overruns average 30%. Time overruns average 41%.” – Bloor Group. Data migration can often seem like a simple task: move data from one place to another. How hard can it be? A staggering number of […]
What I Learned About Data Quality from Building Cheap Furniture
Click to learn more about author Kevin W. McCarthy. I’m a Data Quality guy, and I do it because I love it! That sounds incredulous, but it’s true. I didn’t always love it, but over three decades I’ve learned the thrill of investigating a data issue down to its root cause like Sherlock Holmes. There […]
Leveraging Natural Language Processing Within a CDP
Click to learn more about author Jonathan Lee. In my last column for DATAVERSITY I sought to define the concept of a Customer Data Platform (CDP), noting that a CDP “creates a comprehensive view of each customer by capturing data from multiple systems.” What I didn’t do however, was to delve into a discussion of […]
Three Lessons Data Management Can Learn from Meal Delivery Services
Click to learn more about author Lisa Spagnolie. Enterprises today are acutely aware of the exponential growth of data. However, according to a survey by PricewaterhouseCoopers, only 15% of firms currently have access to the right data needed to achieve their goals. In the face of massive data overload, today’s enterprises don’t have time to […]
What is a Customer Data Platform?
Click to learn more about author Jonathan Lee. In the past year and a half DATAVERSITY readers have been exposed to new Customer Data Platform (CDP) offerings from vendors like BlueConic, RedPoint Global, and others. But what is a CDP? First introduced around 2013, CDP is a concept defined by the Customer Data Platform Institute […]
Making the Best Use of Your Business Intelligence Solution
Click to learn more about authors Tejasvi Addagada and Gopi Maren. Every day organizations rely on reports to understand information in their day-to-day operational and strategic decisions. For all the dashboards or score-cards, today’s data is sourced from distributed and disparate sources of data. When we hear from someone in the organization that “My reports […]
Data Profiling: The First Step to Data Science
Click to learn more about author Mark Hensley. In 2012 former Chief Data Scientist of the United States DJ Patil and Babson College Professor Thomson H. Davenport famously declared that the job of Data Scientist would be the “Sexiest job of the 21st Century.” While that may true, most Data Scientists spend the biggest chunk […]
Myths and Facts about Master Data Management (MDM): Part II
Click to learn more about author Bruck Assefa. Welcome back. In this article, we’ll dive into the next five myths about Master Data Management (MDM) and build off what we learned in Part I which covered the first five myths and corresponding facts. As we’ve learned, MDM can be a confusing topic, so I’d like to […]
The Impact of Data Quality in the Machine Learning Era
A significant issue in Enterprise Data Management today is Data Quality, because business data requires thorough cleansing and preparation to be used as input to any Analytics or Business Intelligence system. In an era of automated and Self-Service Business Analytics, Data Quality has assumed even more importance as average business users do not often have […]