Data lineage is the process of tracking and tracing data from its origin to its destination. It provides a detailed understanding of how data moves through an organization’s systems, applications, and processes. Organizations can use this information to maintain Data Quality, ensure regulatory compliance, and improve decision-making. Data lineage also helps organizations identify potential bottlenecks and inefficiencies […]
9 Key Data Management Principles and Practices
Business leaders often make corporate decisions in haste, based on data that is neither thoroughly analyzed nor understood. This can pose a serious threat to data-driven decision-making. Additionally, businesses risk losing a competitive edge by not following important business analytics practices. To get the full benefit of data-centric activities, businesses must follow several core Data […]
5 Key Benefits of Data Governance
Organizations want Data Governance, a formalized practice that connects different components – roles, processes, communications, metrics, and tools – for its benefits. Company-wide data represents a resource that will “become more valuable than people ever anticipated,” according to David McGraw, senior manager in consumer and industrial products at West Monroe. Advances in generative AI models in 2023 will only increase the […]
4 Essential Data Management Principles
Data is central to modern businesses. However, most companies fumble their approach to Data Management and fail to draw insights as a result. Data Management might seem like a back-office function, but it is critical to a modern company’s success. Getting started with or fixing your Data Management processes might seem intimidating. Here are four essential Data […]
Connecting the Three Spheres of Data Management to Unlock Value
Many organizations have mapped out the systems and applications of their data landscape. Many have documented their most critical business processes. Many have modeled their data domains and key attributes. But only very few have succeeded in connecting the knowledge of these three efforts. The remainder of this point of view will explain why connecting […]
Data Governance Best Practices
With digital transformation initiatives on the rise, organizations are investing more in Data Governance, a formalized practice that connects different components and increases data’s value. Some may already have established Data Governance programs for older Data Management systems (such as for controlling master data) but may lack control in newer technologies like training an AI to generate […]
Fundamentals of Metadata Management
Metadata powers effective action on information by providing context, content, and structure. When this information is managed well, data consumers can find and get the correct data they need. As Atlan Prukalpa Sankar states, “Metadata is the glue that can bind the modern data stack together, the layer that will allow increasingly diverse, siloed tools and people to collaborate effectively.” Grasping the […]
Data Governance: How Can It Be a Crucial Enabler for Managing Data Risks?
In July 2021, one of the world’s leading banks revealed a loss of $5.5 billion due to a default by one of its customers. The bank identified the “failure of management and controls” in its investment banking arm as the fundamental cause of this loss. This incident reinforces the importance of a robust governance framework […]
Types of Metadata and How to Manage Them
In recent years, active metadata (as opposed to passive metadata) has promoted the development of new types of metadata and ways to manage them. Metadata is a labeling system that can be read by humans and computers and allows search engines to locate data using defined metadata fields. Passive metadata provides a basic identification system […]
Data Pipelines: An Overview
Just as vendors rely on U.S. mail or UPS to get their goods to customers, workers count on data pipelines to deliver the information they need to gain business insights and make decisions. This network of data channels, operating in the background, distributes processed data across computer systems, an essential framework and function for any data-driven […]