April 26, 2024
Via: DATAVERSITYArtificial intelligence is here to change the world, and it is up to us to embrace this technology and use it responsibly to reap its full potential. Although critics have expressed some valid concerns about the potential harm that AI […]
April 25, 2024
Via: DATAVERSITY“Why?” a chief technology officer (CTO) may ask when the subject of automated Data Management tools arises. After all, their organization has probably already been storing, archiving, and backing up enterprise data day after day with success. For example, setting […]
April 24, 2024
Via: DATAVERSITYMany modern organizations are recognizing how important it is to develop a data-driven culture. A data-driven culture typically describes a workplace environment and involves making information readily available to staff. The general idea in promoting a data-driven workplace culture is […]
April 23, 2024
Via: DATAVERSITYDespite the increasing participation of women in Data Management (DM) roles, women still confront gender-related challenges throughout their careers. One significant challenge is the persistent gender bias prevalent within the industry. According to the study USA Diversity in Data Report […]
April 22, 2024
Via: DATAVERSITYYou wouldn’t build a house without a concrete foundation. So why are many technology leaders attempting to adopt GenAI technologies before ensuring their data quality can be trusted? Reliable and consistent data is the bedrock of a successful AI strategy. […]
April 19, 2024
Via: DATAVERSITYTo embark on data governance in an enterprise that spans divisions and diverse stakeholders, a well-defined operating model plays a vital role in achieving expected business benefits. Data mesh is a new concept that encourages data democratization within an organization […]
April 18, 2024
Via: DATAVERSITYThe terms “master data” and “reference data” can be confused fairly easily. Both provide data that changes only occasionally over time and provide data that is designed to be accurate and up to date. Master data provides the accurate information […]
April 16, 2024
Via: DATAVERSITYOver time, different types of data integrity systems and methods for promoting data integrity have been developed. Data integrity emphasizes confirming the data remains unchanged and consistent over the data’s entire lifecycle. In essence, the data remains pure and uncorrupted. […]
April 15, 2024
Via: DATAVERSITYThere’s a unanimous consensus that data is the lifeblood of organizations. From customer records to intellectual property, the explosion of information creates tremendous value – and equally tremendous risk. The pace of cyberattacks accelerates relentlessly, with disastrous data breaches becoming […]
BI Categories, Business Analysis
April 12, 2024
Via: DATAVERSITYIn the contemporary landscape of data-driven decision-making, enterprises are increasingly turning to predictive analytics to gain valuable insights into future trends and behaviors. Predictive analytics involves extracting patterns from historical data to forecast future outcomes, enabling organizations to make proactive […]
April 10, 2024
Via: DATAVERSITYIn the world of data analytics, dashboard tools are pivotal instruments, distilling vast quantities of complex data into comprehensible, actionable insights. These tools are not mere luxuries but necessities for organizations aiming to navigate the data-rich environment of today’s digital […]
April 9, 2024
Via: DATAVERSITY“Can I trust this data?” In the dawning age of artificial intelligence (AI), this question becomes increasingly critical for individuals and organizations. Data reliability is the cornerstone of an organization’s data-driven decision-making. A recent survey from Precisely identified data-driven decision-making […]
April 8, 2024
Via: DATAVERSITYReusing data is a fundamental part of artificial intelligence and machine learning. Yet, when we collect data for one purpose, and use it for other purposes, we could be crossing both legal and ethical boundaries. How can we address the […]
April 5, 2024
Via: DATAVERSITYData is invaluable to an organization, but it can also represent a major stumbling block if an enterprise hasn’t optimized how data is used to support processes that run operations. Process mining can play a role in helping organizations get […]
April 4, 2024
Via: DATAVERSITYIn today’s global landscape, organizations worldwide are increasingly turning to data analytics to enhance their business performance. Research conducted by McKinsey Consulting revealed that data-driven companies not only experience above-market growth but also witness EBITDA (Earnings Before Interest, Taxes, Depreciation, […]
April 3, 2024
Via: DATAVERSITYThe new wave of data-hungry machine learning (ML) and generative AI (GenAI)-driven operations and security solutions has increased the urgency for companies to adopt new approaches to data storage. These solutions need access to vast amounts of data for model […]
April 3, 2024
Via: DATAVERSITYThe process of data classification can be broadly described as the organization of data into relevant categories, allowing it to be accessed and protected more efficiently. In the simplest terms, the data classification process ranks data based on its security […]
April 2, 2024
Via: DATAVERSITYA data monetization strategy is an executable plan for extracting “value” from data and converting it into revenue-generating opportunities. It involves analyzing and leveraging data to uncover insights that can be used to drive business growth, enhance customer experiences, and […]
April 1, 2024
Via: DATAVERSITYIn the digital age, organizations increasingly rely on data for strategic decision-making, making the management of this data more critical than ever. This reliance has spurred a significant shift across industries, driven by advancements in artificial intelligence (AI) and machine […]
March 27, 2024
Via: DATAVERSITYA data lakehouse, in the simplest terms, combines the best functionalities of a data lake and a data warehouse. It offers a unified platform for seamlessly integrating both structured and unstructured data, providing businesses agility, scalability, and flexibility in their […]