Tag: data governance

July 26, 2023

With the increasing amount of data available, businesses need to have a clear, enterprise-wide plan on how to collect, analyze, and use data to make informed decisions. A well-laid-out plan or “Data Strategy” can help businesses identify gaps and take […]

July 14, 2023

Data Governance is a strategic approach to managing, protecting, and using a firm’s data assets. It encompasses processes, policies, strategies, and tools that govern how a firm collects, stores, accesses, and leverages data. With Data Governance best practices, a firm […]

July 10, 2023

Artificial intelligence (AI) and machine learning provide metadata and require metadata to work. The ideas of AI and machine learning are no longer science fiction, let alone fiction. They have become an applied practice and discipline in business. Machine learning […]

July 3, 2023

What are the most common causes of Data Quality issues? The conventional answer to that question includes problems like inaccurate data, duplicate data, or data containing missing values. These are the sorts of issues that organizations tend to focus on […]

July 3, 2023

The noble effort to build a “data-centric” culture is really a journey, not a destination. With that perspective, we can understand that no matter how good a given environment seems to be –especially compared to whatever existed before – there’s […]

June 28, 2023

In the data economy, data is king. Today, any business – small, medium, or large – thrives on its data assets. The recent trend of offering data-driven insights as a service has opened up a profitable revenue channel for businesses. […]

June 27, 2023

Modern businesses can stay competitive by using the best practices for master data management (MDM). These best practices promote the use of clean, accurate data about suppliers, customers, and products. This, in turn, supports better analytics and business decisions. A […]

June 21, 2023

As with many buzzwords emerging from the intersection of business and technology, the phrase “business intelligence” (BI) is often misunderstood. In a nutshell, it refers to the skill and practice of extracting insights from data to realize new goals, strategies, […]

June 20, 2023

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 […]

June 15, 2023

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 […]

June 13, 2023

Data lineage can be described as a historical map of data’s journey within an organization. Use cases, in general, provide an example of how services or techniques can be used, and data lineage use cases are situations in which a […]

June 9, 2023

The ever-increasing emphasis on data and analytics has organizations paying more attention to their data governance strategies these days, as a recent Gartner survey found that 63% of data and analytics leaders say their organizations are increasing investment in data […]

June 8, 2023

ThoughtWorks consultant Zhamak Dehghani defines data mesh as a “decentralized sociotechnical approach to sharing, accessing, and managing analytical data in complex and large-scale environments – within or across organizations.” This type of Data Architecture continues to generate interest among corporations, […]

June 5, 2023

Some of the major cyber security challenges in 2023 are ransomware, hacking of cloud service vendors, and wiper malware. During ransomware attacks, bad actors obtain or encrypt sensitive information. The victims are urged to pay a ransom to regain access […]

May 31, 2023

Data Governance, a formalized practice that executes and enforces company-wide data policies, has gained significant traction in the last few years. As of 2022, 81.89% of the participants in a DATAVERSITY Trends in Data Management(TDM) survey have either implemented a […]

May 25, 2023

First came the data analyst, then came the Data Quality specialist. Data analysts require accurate data to develop business intelligence and, unless someone else is cleaning the data, they must also perform this task. It is time-consuming and interferes with […]

May 24, 2023

The first published data governance framework was the work of Gwen Thomas, who founded the Data Governance Institute (DGI) and put her opus online in 2003. “Frameworks were already being used, but they weren’t publicly available,” she says. “I had […]

May 18, 2023

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, […]

May 16, 2023

Data Strategy, the master plan or blueprint for confronting day-to-day business challenges and meeting pre-defined business goals using data, has gained significant traction. More companies are seeing the connection between following Data Strategy best practices and boosting profit. Gartner estimates […]

May 11, 2023

Data catalog tools work with data catalogs to make them more efficient. Data catalogs typically come with tools included as part of the data catalog package. The tools included with data catalogs have been developed to support data quality, analytics, […]