February 9, 2024
Via: DATAVERSITYData analytics and integration are the key components of building a data strategy. For organizations to have an effective data strategy, it requires the definition of measurable metrics and proper consideration of all data sources. An effective data strategy also […]
January 25, 2024
Via: DATAVERSITYData: The currency powering the modern digital economy. In a world generating 3.5 quintillion bytes of data every day, one reality is clear – we’re surrounded by a sea of information. While this abundance of data presents immense opportunities, businesses […]
January 23, 2024
Via: DATAVERSITYIn 2024, organizations must embrace a good Data Strategy, a reliable touchstone created by an organization for businesspeople in their data-related endeavors and support its evolution. Executives face mounting pressure to swiftly adapt to a dynamic marketplace and demonstrate tangible […]
January 22, 2024
Via: CIOAs enterprises become more data-driven, the old computing adage garbage in, garbage out (GIGO) has never been truer. The application of AI to many business processes will only accelerate the need to ensure the veracity and timeliness of the data […]
December 15, 2023
Via: DATAVERSITYAs we near the end of 2023, it is imperative for Data Management leaders to look in their rear-view mirrors to assess and, if needed, refine their Data Management strategies. One thing is clear; if data-centric organizations want to succeed […]
November 30, 2023
Via: DATAVERSITYData-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
Via: DATAVERSITYData 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
Via: DATAVERSITYData 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
Via: CIORapid 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
Via: DATAVERSITYIn 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
Via: Computer WeeklyA 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
Via: DATAVERSITYWithin 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
Via: DATAVERSITYIn 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
Via: DATAVERSITYWith 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
Via: CIOAccording 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
Via: DATAVERSITYOrganizations 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
Via: DATAVERSITYData 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
Via: DATAVERSITYProcess 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
Via: DATAVERSITYIn 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
Via: DATAVERSITYData 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 […]