Tag: data strategy

November 30, 2023

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 […]

November 10, 2023

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 […]

November 2, 2023

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 […]

November 2, 2023

Rapid advancements in artificial intelligence (AI), particularly generative AI are putting more pressure on analytics and IT leaders to get their houses in order when it comes to data strategy and data management. Line-of-business leaders are feeling the need to […]

October 30, 2023

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 […]

October 6, 2023

A survey of data scientists for Capital One Software, the software business spun out of Capital One Bank, has found that many struggle to secure funding for self-service initiatives. Forrester Consulting surveyed 150 data science, analytics, cloud infrastructure and data […]

September 26, 2023

Within the last several years, the marketplace has shifted from industrial-produced to data-based. Consequently, many companies have a strong drive to become data-driven, from financial firms to nonprofits. Yet, when C-suite managers and others discuss making money from data, they […]

August 9, 2023

In today’s tech-driven world, with 120 zettabytes generated annually, most of us already use data – and lots of it. “Everyone who reads a paper or scrolls through the Internet is already acquainted with data,” said Wendy Lynch, founder of […]

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 […]

June 23, 2023

According to the MIT Technology Review Insights Survey, an enterprise data strategy supports vital business objectives including expanding sales, improving operational efficiency, and reducing time to market. It can also help organizations enter new product or service markets, as well […]

June 22, 2023

Organizations want a solid and usable Data Strategy template – a well-thought-out plan for a set of decisions that form a pattern, charting a high-level course of action – but face challenges. For example, only 30% of companies have impactful […]

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 16, 2023

Process automation continues to gain momentum across industries. The 2023 State of Process Orchestration report found that 96% of IT decision-makers consider it critical to their digital transformation goals, and in a 2022 Gartner survey, 80% of executives believed that […]

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 […]