Data Architecture Trends in 2024

Data Architecture, the corporate infrastructure connecting business and data strategies, will face competing priorities in 2024. On the one hand, nearly half of organizations will gravitate toward modernizing their data architectures to increase operational real-time analytics and enable AI and ML (machine learning) capabilities. Simultaneously, with concerns about AI impacts, about 80% will prioritize security and Data Governance in […]

What Is a Data Strategy? Components and Uses

A Data Strategy is a reliable touchstone created by an organization for businesspeople to apply when confronting challenges in executing data activities to meet or support a business strategy. It offers direction when generating, updating, storing, and consuming data to better perform these tasks.  Managers use a Data Strategy to plan, assess, and synchronize data […]

What Is Data Architecture? Components and Uses

Data Architecture describes the infrastructure that connects a Business Strategy and Data Strategy with technical execution. Ideally, Data Architecture happens within a systematic framework, providing a foundation for people and systems to work with data. Three types of components underlie the architecture infrastructure and connect to drive insights, make data-driven decisions, and manage risk. They include: Specific examples of […]

What Is Data Management? Definition, Benefits, Uses

Data Management (DM) comprises a comprehensive collection of consistent and responsible practices, concepts, and processes. These resources align data for business success and implement a Data Strategy. Additionally, they span long-term, abstract planning to hands-on, day-to-day data activities. Since DM spans many outcomes, behaviors, and activities throughout the data lifecycle, companies find organizing it into a framework helpful. […]

What Is Data Modeling? Types, Benefits, Uses

Data Modeling describes the plans and activities around diagramming data requirements for business operations across one or more systems. This blueprint defines unique data entities (such as tables, systems, concepts, and hubs) and their characteristics (such as inheritance, importance, and physical structures) along with how the data flows between entities. Organizations create or update data models anytime, depending […]

What Is Data Quality? Dimensions, Benefits, Uses

Data Quality (DQ) describes the degree of business and consumer confidence in data’s usefulness based on agreed-upon business requirements. These expectations evolve based on changing contexts in the marketplace. As people get new information and experience different interactions, business requirements face updating, redefining Data Quality needs within the data’s lifespan. Since DQ represents a moving […]

What Is a Data Warehouse?

A data warehouse is a centralized repository that stores and provides decision-support data and aids workers engaged in reporting, query, and analysis. Data warehouses represent architected data schemas that make it easy to find relevant data consistently and research details in a stable environment. Data sources, including data lakes, can pipe data to a data warehouse. […]

Developing a Data Strategy Template

Organizations want a solid and usable Data Strategy template – a well-thought-out plan for a set of decisions that form a pattern, charting a high-level course of action – but face challenges. For example, only 30% of companies have impactful data strategies that align with some operations, resulting in wasted investments in improving analytics and business insights. Instead, most […]

What Is Data Governance? Definition, Types, Uses

Data Governance (DG) is a business program and bedrock that supports harmonized data activities across the organization. It accomplishes this goal as a formalized framework implemented to the specifications of a corporate Data Strategy. Applying governance, as a whole, requires connecting different components – such as roles, processes, communications, metrics, and tools – to increase the likelihood that the […]