In today’s data-driven world, organizations manage vast amounts of data. As enterprises expand and grow business functions, there’s corresponding linear growth in operational data. This encompasses both master data and transactional data. While master data might change less frequently than transactional data, implementing data governance practices and defining data retention policy is crucial to maintaining […]
Data Retention Policies Must Evolve to Address Emerging Technologies and Data Growth
The emergence of new technologies, including AI, IoT, and blockchain, in addition to the widespread embrace of digital transformation, has driven a dramatic increase in data. The reliance on data analytics to drive data-driven decision-making also requires large volumes of data for meaningful insights. While AI and generative AI (GenAI) tools and systems contribute to […]
The Connection Between Good Data Management and Enterprise Agility
Click to learn more about author Russ Ernst. The word “agile” is defined in one dictionary as “quick and well-coordinated in movement; lithe.” During the last two years, however, the word has taken on an entirely different meaning for companies navigating the complexities of a pandemic. As the realities of a highly contagious virus set in and hundreds of thousands […]
Best Practices for Handling Customer Data
Click here to learn more about Ben Kelley. Back in 2006, UK mathematician Clive Humby was the first to coin the phrase, “Data is the new oil.” While the analogy has been controversial to some, the statement foretold how business has evolved in the last decade. Today, companies in all sectors rely on customer data […]
Cybersecurity Professionals Need to be Data Scientists Too
Cybersecurity practitioners don’t necessarily think of themselves as Data Scientists – but they should. In fact, most of them are already doing that work, even if they don’t recognize that the term applies to them. Securing the network and protecting the enterprise means that information security pros do everything from administrating servers and workstations in […]
How On-Premise Software Vendors Can Drive Renewal and Upsell with Usage Data
Click to learn more about author Victor DeMarines. “It’s time to start viewing upsells as a retention strategy.” It’s a piece of advice marketing guru Neil Patel shared on his blog, in talking about the power of the SaaS upsell. Retention is the number one strategy for profitability, he writes, and in that light, upselling is […]