Business Intelligence (BI) solutions have been around for some time. Traditional BI tools were designed to be used by the IT team, business analysts, and data scientists and utilized sophisticated features that required specialized knowledge and skills possessed only by the technical and analytical community. In this environment, business users were consumers of content, and…
According to some estimates, the average salary of a data scientist in the United States is over $150,000 per year. If your business wishes to accommodate a data-first strategy to improve metrics and measurable success and avoid guesswork and strategies that are based on opinion rather than fact, it can either employ a team of expensive…
I call it a “data crime” when someone is abusing or misusing data. When we understand these stories and their implications, it can help us learn from the mistakes and prevent future data crimes. The stories can also be helpful if you must explain the importance of data management to someone. The Story One financial institution…
If you are an IT professional, a business manager, or an executive, you have probably been following the progress of the citizen data scientist movement. For a number of years, Gartner and other technology research and analysis firms have predicted and monitored the growth of this phenomenon. In fact, in 2017, Gartner predicted that 40% of data science…
Data professionals often talk about the importance of managing data and information as organizational assets, but what does this mean? What is the actual business value of data and information? How can this value be measured? How do we manage data and information as assets? These are some of the questions that I intend to…
Data professionals often talk about the importance of managing data and information as organizational assets, but what does this mean?[i] What is the actual business value of data and information? How can this value be measured? How do we manage data and information as assets? These are some of the questions that I intend to address…
In this digital age, large amounts of data are produced and consumed every second. And particularly for experienced bloggers in the data management or IT industry, synchronized video data collaboration represents an untapped wellspring of potential. By harnessing this data revolution, businesses can gain multi-layered insights into consumer behavior and enhance organizational performance. The Undeniable…
The worldwide shift toward cloud computing significantly changes how businesses approach data management and operation. Regardless of whether private, public, or hybrid cloud models are employed, the advantages of cloud computing are numerous, including heightened efficiency, reduced expenses, and increased flexibility. Nonetheless, utilizing cloud computing carries potential risks that need to be addressed for sustainable…
Public-private data sharing occurs when government bodies and organizations exchange information. Progress in this area could facilitate improved innovation and problem-solving by eliminating access barriers. However, some concerned individuals worry about how government branches and private organizations will use their information. Although public-private data-sharing initiatives are in the early stages, some examples show what’s possible…
In a turn of events unanticipated by most analysts, young people — Gen Zers and Millennials, in particular — are outpacing older generations in 401(k) contributions. Furthermore, young people are investing earlier than ever, with 31% of Millennials having started investing before turning 21. But with growing investment opportunities for young generations and their unprecedented…
