Tag: data strategy

May 19, 2023

In the early days of business analysis and underwriting, data was managed with simply a pen and paper and, of course, Excel spreadsheets. As technology has advanced, databases, warehouses, and data lakes have enabled information to be collected, stored, and […]

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 […]

April 21, 2023

Without data, businesses wouldn’t have much to work with when making informed decisions. Data by itself, though, isn’t enough for business leaders to rely on when they’re driving growth; a gigantic collection of data isn’t worth nearly as much as […]

April 12, 2023

Without question, data is not only the life blood of the modern enterprise, but also the key building block for digital customer experience and digital transformation. Given this, the question is do CIOs and other technology leaders have a clear […]

March 30, 2023

Sustained economic volatility and a global recession have forced enterprise leaders to make difficult decisions. Some are reducing headcount and scaling down operational overhead to become more agile, while others have implemented cost-saving measures, such as cutting tech spend, to […]

March 30, 2023

The goal of building a strategy to democratize data is to allow all appropriate staff to access the organization’s data, regardless of their technical skills or job description. Previously, a researcher would have to submit a request to the IT […]

March 29, 2023

The role of enterprise architect ranked as Glassdoor’s best job in America in 2022 in terms of salary, job satisfaction, and available positions. Yet enterprise architecture is among the most routinely misunderstood professions in the corporate world, straddling the divide […]

February 17, 2023

Data literacy is a hot topic with today’s data leaders, and many have put budget aside for data literacy training this year, for a good reason. Data literacy is about improving an organization’s or individual’s ability to make decisions using […]

February 14, 2023

Increased operational efficiencies at airports. Instant reactions to fraudulent activities at banks. Improved recommendations for online transactions. Better patient care at hospitals. Investments in artificial intelligence are helping businesses to reduce costs, better serve customers, and gain competitive advantage in […]

February 9, 2023

In times of uncertainty in the global business landscape, the organizations that are quick to adapt and respond to change are the ones that survive crises such as the pandemic. In the past five years and especially during the pandemic, […]

February 8, 2023

A successful data strategy generally requires the use of certain key components. Most businesses have invested in some form of Data Management, but all too often different sections of a business aren’t terribly well coordinated. A data strategy can be […]

February 1, 2023

In our digitally obsessed economy, it’s become all too prevalent for knowledge workers to assume that data problems are best solved with newer and better tech. In fact, the most powerful solutions for maximizing business value are right under the […]

January 12, 2023

In the digital business world, organizations can’t take advantage of their data assets without a proper Data Strategy in place. The Data Strategy is the plan that enables an enterprise to meet its business goals through its data. Avoiding common […]

January 11, 2023

Like so many roles and operations that have emerged in the digital age, Data Governance is often misunderstood – confused with Data Management or seen as an extension of IT. How to communicate the role of Data Governance and ensure […]

January 3, 2023

Data Literacy, the ability to explore, understand, and communicate with data, will significantly increase its role in organizations in 2023 and beyond. Companies will gravitate toward Data Literacy to get insights from big data and mobilize artificial intelligence (AI), a […]

December 6, 2022

According to an annual cybersecurity report by Cisco, cyber-attacks are more advanced than ever before. Phishing, ransomware, social engineering, and trojans are the most active threats. Globally, the average total cost of a data breach is around $4.35 million, which […]

November 22, 2022

Every enterprise needs a data strategy that clearly defines the technologies, processes, people, and rules needed to safely and securely manage its information assets and practices. As with just about everything in IT, a data strategy must evolve over time […]

October 4, 2022

A Data Strategy roadmap is a step-by-step guide to transform a business from its current state into the desired business organization. It is a more detailed, researched version of the Data Strategy and communicates when and how to implement specific […]

September 16, 2022

From the humble data warehouse to the lake and swamp to potentially an ocean of data, take your pick where you want to drown yourself. The reality is the customer doesn’t care about the fancy lake or the Kafka pipelines; […]

August 10, 2022

The term “data literacy” refers to the ability to extract meaning from data. IDC, the global market intelligence expert, has predicted a “ten-fold increase in worldwide data” by 2025. It’s no wonder many data-driven organizations are in a race for […]