Data has become one of the most valuable assets of modern businesses. The data a company collects, analyzes, and monetizes is now perceived as a distinct “asset class” rather than merely a byproduct of its IT operations. However, the value of data to an organization diminishes rapidly as the information becomes less accurate. Companies are responding […]
Data-Driven Decision-Making 101
Data-driven decision-making involves utilizing data and analytics to solve business problems. Relying on facts rather than intuition or personal opinions can lead to more accurate and effective decisions. In business organizations, evidence-based decisions can optimize operations, enhance productivity, and drive growth. By examining trends, patterns, and correlations within datasets, business operators can uncover valuable information that helps […]
Data Governors, First Govern Yourselves
Data Governance, as currently practiced, is failing. There have been some successes, but by and large, even these efforts have fallen short. Worse, many of those tasked with contributing to Data Governance find the effort painful. We have enormous sympathy for data governors. (We use the term “data governors” – DGs – as the most […]
Metadata Management Best Practices
Using metadata management best practices helps to maximize the value of the data stored by an organization. Finding the right data after it has been placed in storage can be difficult if the storage system has no organization. Metadata is used to organize the data so it can be found easily. Metadata is essentially a […]
EEDL Webinar: Baby Steps – A Successful Kick-off of Literacy
Download the slides here>> About the Webinar What if literacy isn’t a company priority? What if you don’t have a budget? What if your workforce isn’t even aware of the issue? This session will feature ideas about how to get started. About the Speaker Wendy D. Lynch, PhD Founder, Analytic-Translastor.com and Lynch Consulting For […]
The Cool Kids Corner: Data Quality Is Not a Fish You Can Catch
Hello! I’m Mark Horseman, and welcome to The Cool Kids Corner. This is my monthly check-in to share with you the people and ideas I encounter as a data evangelist with DATAVERSITY. (Read last month’s column here.) This month we’re talking about Data Quality (DQ). Data Quality, the phrase “garbage in, garbage out,” dirty data, 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 […]
Critical Data Elements Explained
The process of identifying critical data elements (CDEs) is a fairly new best practice in Data Governance programs. Software does not yet support the identification process. CDEs may be described as the specific data needed for doing business (requiring high-quality data) or the specific data that is extremely sensitive (requiring good security). These particular data […]
5 Ways to Use Data to Make Workplace Decisions
In today’s rapidly evolving business landscape, decision-making has shifted from relying on gut instinct and the loudest voice in the room to data-driven approaches. In this article, we will explore five powerful ways to harness data for making informed decisions in the workplace, offer practical insights to boost productivity, and explain how to adapt to […]
Unleashing the Power of AI and ML in Data
In today’s insight-informed world, businesses of all sizes need to be able to access and analyze their data in order to make informed decisions. However, data is often siloed in different systems and difficult to access, making it challenging for businesses to get the insights they need. The demand for help to streamline these operations […]