Dark data often resides in the hidden recesses of a metaphorical jungle: It comprises unstructured and unused data accumulated over years of digital transactions, interactions, and operations. Dark data is information that has been collected but not actively used or analyzed, leaving its potential benefits to remain speculative. Unlike structured data, which fits neatly into databases […]
How to Foster a Cross-Organizational Approach to Data Initiatives
In today’s business landscape, data reigns supreme. It is the cornerstone of effective decision-making, fuels innovation, and drives organizational success. However, despite its immense potential, many organizations struggle to harness the full power of their data due to a fundamental disconnect between IT and business teams. This division not only impedes progress but also undermines […]
From Data Silos to Unified Insights: Transforming IT Asset Management
Like virtually every other function within the modern enterprise, IT asset management is powered by data. Specifically, IT asset management teams need data about which endpoints, applications, services, and other assets they are responsible for supporting. A common problem, however, is that there is no single source of truth for that data. Different teams tend […]
How to Govern a Business Glossary
Many people see the dictionary as a thing of unquestionable authority, with words and meanings that rarely change. Likewise, in corporate culture, business leaders often mistake the business glossary – a collection of data-related terms and definitions used within an organization – as being static, straightforward, and simple to develop and maintain. Timothy Mulholland, associate manager and […]
Breaking Down Data Silos for Digital Transformation Success
In the race to become data-driven, many enterprises are stumbling over an age-old hurdle: data silos. A recent study by IDC found that data silos cost the global economy a whopping $3.1 trillion annually. Despite years of digital transformation efforts, the divide between technical and non-technical teams persists, hindering the full potential of data assets. A report […]
End the Tyranny of Disaggregated Data
Customer renewal rates are dropping, and your CEO is on the warpath. You need to find out why and fast. At most large companies, that is a pretty tall task. Information about customers is likely scattered across an assortment of applications and devices ranging from your customer relationship management system to logs from customer-facing applications, […]
The Impact of Data Silos (and How to Prevent Them)
Data silos often develop unintentionally within businesses, catching leaders by surprise. They hinder cross-departmental collaboration while giving rise to inconsistent data quality, communication gaps, reduced visibility, and increased expenses. The gravity of impact can be gauged from a report by Forrester research, which finds that knowledge workers spend an average of 12 hours a week “chasing data.” […]
Reimagining Data Strategy to Unlock AI’s Potential
Data: The currency powering the modern digital economy. In a world generating 3.5 quintillion bytes of data every day, one reality is clear – we’re surrounded by a sea of information. While this abundance of data presents immense opportunities, businesses often struggle to fully capitalize on its potential for informed decision-making and strategic insights.
Consider this. While data is perhaps every company’s most valuable asset for enabling a growth-driving customer experience…
Why Is Data Quality Still So Hard to Achieve?
We exist in a diversified era of data tools up and down the stack – from storage to algorithm testing to stunning business insights. In fact, it’s been more than three decades of innovation in this market, resulting in the development of thousands of data tools and a global data preparation tools market size that’s set […]
Data Literacy 101
From social media to online shopping, data is generated and collected at an unprecedented rate. In the current data-powered society, it is crucial to be able to understand and interpret all types of data. Data literacy – the ability to read, analyze, and communicate with data – is crucial to use the power of data. […]