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Data Strategy News, Articles, & Education Archives - DATAVERSITY

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 […]

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 […]

Achieving Successful Cloud Migration in Healthcare 

The healthcare cloud computing market is growing rapidly and is expected to exceed $62 billion by 2030. As cloud-based solutions become more prevalent in healthcare, they are transforming clinical, finance, HR, and supply chain operations. According to a recent survey of hospital and health system leaders, 45% of respondents already use cloud-based supply chain management technologies. By 2026, it’s […]

Three Causes of Cloud Migration Failure in Large Enterprises

In the ever-evolving landscape of the modern business world, generative artificial intelligence (GenAI) is taking the industry by storm. Companies increasingly recognize the transformative potential of GenAI and machine learning. To harness the full power of these technologies, it is critical for organizations to embrace cloud computing. Cloud migration is not a mere option but […]

Machine Learning: Challenges and Opportunities for Modern Data Executives

The transformational promise of artificial intelligence (AI) and machine learning (ML) for enterprises has fueled enormous excitement and massive investment by data executives. One estimate predicts that AI’s contribution to the global economy could reach an extraordinary $15.7 trillion by 2030. That’s more than the current combined economic output of China and India. Yet, there seems […]

Why You Should Invest in Digital Transformation During Tough Economic Times

After grappling with an unprecedented global pandemic, the world finds itself navigating more uncertain times with rising inflation, historically high interest rates, and the U.S. wavering on the brink of another recession.  With these uncertain times, CEOs are confronted with difficult decisions – such as where can we cut costs, and how can we reallocate resources to […]

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 […]