Prepare for blockchain technology to play a significant role in business, society, and almost everything. While 45% of CIOs said their organizations had yet to invest in blockchain between 2016 to 2021, that will change as information exchange becomes decentralized and demonstrated use cases show blockchain’s success. Blockchain spans various industries, from real estate, insurance, health care, […]
Data Governance and Data Catalogs: Where Do They Intersect?
Data catalogs and Data Governance work together and intersect in some very useful ways. Data catalogs communicate information about an organization’s data assets, and where they are located. Data Governance, on the other hand, deals with the overall management of data, such as accuracy, usability, security, and the established processes the organization uses. Data Governance […]
Data Lineage Demystified
Trusting big data requires understanding its data lineage. Without data lineage, big data becomes synonymous with the last phrase in a game of telephone. The original data from the first person (e.g., “a guppy swims in a shark tank”) changes to something completely different when it ends with the last person (e.g., “The puppy that […]
Data Lineage and Data Quality: How They Intersect
The intersection of data lineage and Data Quality helps provide more accurate and useful information. Data Quality represents the accuracy of data. Internet businesses need good Data Quality to operate efficiently. Unfortunately, there can be obstacles in gathering, storing, and maintaining high-quality data. The use of data lineage can help eliminate those Data Quality obstacles by providing […]
The Importance of Managing Your Metadata
Businesses that realize the value of their data and make the effort to utilize it to its greatest potential are quickly outcompeting those that do not. But like any complex system, the architectures that utilize big data must be carefully managed and supported to produce optimal outcomes. One of the chief obstacles in this continual […]
Focus on Your Most Critical Data Lineage to Manage Risk
Data lineage is extremely important since unknowns in the data flow are a root cause of enterprise risk. Enterprise Risk Management and Data Governance professionals are teaming up to implement the “Three Lines of Defense” model (3LOD). The goal of 3LOD is to provide an early detection and risk mitigation warning system. Line 1 includes Management […]
As Data Privacy Concerns Ramp Up, the Need for Governed Real-Time Data Has Never Been Greater
This year’s Privacy Awareness Week (May 2-8) may be over, but it served as a reminder to look beyond the usual access controls and think about how analytics could be used to support compliance. Data privacy is essential for any business, but it is especially important at a time when consumers are taking notice and new regulations are being deployed. […]
Expanding Data Governance into the Future
Shortened time frames to leverage business insights and navigate data privacy and ethics call for the next generation of Data Governance (DG). This DG describes a collaborative, thoughtful, long-term framework consisting of processes managing trusted data assets across the organization. Kelle O’Neal, Founder, and CEO of First San Francisco Partners, sees a need to make firms […]
Overcoming the Data Decision Gap in 2022
As organizations enter a new year, leaders across industries are increasingly collecting more data to drive innovative growth strategies. Yet to move forward effectively, these organizations need greater context around their data to make accurate and streamlined decisions. A recent Data in Context research study found that more than 95% of organizations suffer from a data decision […]
Data Governance Tools Support Data Management
Data Governance, and the tools supporting it, reflect the growing importance of “automated services” when dealing with the laws and regulations that have been developed to protect privacy and societal norms. Data Governance has become a necessity for organizations using the internet. It is a collection of rules, policies, and standards designed to improve Data […]