In the face of rising costs and rapid technological advancements, businesses must streamline their operations to remain competitive. An often overlooked area in these cost-cutting initiatives is data management. While many companies focus on reducing expenses related to infrastructure – such as virtual machines and serverless architectures – data management costs frequently go unchecked until […]
Enterprise Data World 2024 Takeaways: Key Trends in Applying AI to Data Management
I was privileged to deliver a workshop at Enterprise Data World (EDW) 2024. Publishing this review is a way to express my gratitude to the fantastic team at DATAVERSITY and Tony Shaw personally for organizing this prestigious live event. Part 1 of this article considered the key takeaways in data governance, discussed at Enterprise Data World 2024. […]
Optimize Your Data: The Five Latest Trends in Storage and Data Management
Statista predicts that global data generation will reach 180 zettabytes by next year. As data volume skyrockets, organizations must adapt their strategy around maintaining, storing, and leveraging data assets. This is especially true as data-intensive technologies like AI and machine learning (ML) become ubiquitous. Organizations without a proper data management strategy will suffer the consequences of increased […]
What Is Master Data Management (MDM)? Definition, Components, Benefits, Uses
Master data management (MDM) is a set of practices and tools that help organizations define, unify, and manage their most important shared data assets. MDM provides a single, trusted view of key business entities like customers, products, and suppliers, ensuring data consistency and accuracy across all systems and departments. By ensuring master or “golden” records […]
Understanding the Potential Failures of a Data Governance Program
Implementing a successful data governance program is essential for any organization that wants to manage its data effectively. However, these programs can sometimes fail, often due to issues related to key business drivers. In the pursuit of effective data management, many organizations overlook the practical realities and challenges that can significantly impact their success. While […]
Data Synchronization: Definition, Tips, Myths, and Best Practices
Businesses rely on accurate, synchronized information to make informed decisions. Because discordant data leads to operational inefficiencies, missed opportunities, and costly mistakes. Hence, a unified, reliable source of truth is key, which is possible through data synchronization. It helps maintain consistency across disparate systems, enhancing data reliability and improving decision-making. So, to get started with […]
Integrate Data Architecture with Business Operations to Boost Success Now
In the contemporary data-driven business landscape, the seamless integration of data architecture with business operations has become critical for success. There is a symbiosis between sophisticated data architectures and operational agility that demonstrates how this integration facilitates real-time decision-making, predictive analytics, and personalized customer experiences. As IT professionals amalgamate data architecture and business operations, they analyze […]
Data Architecture Best Practices
The term “data architecture” refers to a collection of implementable standards and protocols that govern the collection, storage, preparation, sharing, and distribution of data. This predefined set of standards and protocols is designed to enhance the scope and purpose of data analysis in the busy business environment. One major problem with traditional data management systems […]
Implementing Data Fabric: 7 Key Steps
Understanding the importance of data integration is vital in the intricate process of implementing a data fabric. Data fabric architecture aims to create a unified and integrated environment for managing an organization’s data sprawl across various platforms and systems. Within this context, the data integration step ensures disparate data sources are seamlessly connected, enabling a fluid exchange […]
How to Regain Trust in Your Data: 5 Ways to Take the Fear Out of Data Management
“May you live in interesting times” is both a curse and a blessing. It’s a curse for those who fear what could go wrong, but it’s a blessing for those who look forward to changes with confidence. The same could be said of leveraging data. To be in that latter group, organizations need to be […]