Every business (large or small) creates and depends upon data. One hundred years ago, businesses looked to leaders and experts to strategize and to create operational goals. Decisions were based on opinion, guesswork, and a complicated mixture of notes and records reflecting historical results that may or may not be relevant to the future. Today,…
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 mistakes and prevent future data crimes. The stories can also be helpful if you have to explain the importance of data management to someone. The Story After a series…
Due diligence is the complex process of assessing a potential investment and ensuring it is a sound one. It involves the gathering, classifying, and analyzing of large volumes of data. Given its very nature, it’s the perfect field for data analytics, which can speed processes up and assess the quality and reliability of data. Due…
Eric Siegel’s “The AI Playbook” serves as a crucial guide, offering important insights for data professionals and their internal customers on effectively leveraging AI within business operations. The book, which comes out on February 6th, and its insights are captured in six statements: — Determine the value— Establish a prediction goal— Establish evaluation metrics— Prepare…
In part one of “Metadata Governance: An Outline for Success,” I discussed the steps required to implement a successful data governance environment, what data to gather to populate the environment, and how to gather the data. In part two, I will discuss the “so what” aspects of data governance — that is, what types of…
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…
Trust. Trust is defined as the assured reliance or belief on the character, ability, strength, or truth of someone or something (Webster’s Dictionary). It’s a term we use often to describe how we feel about the people, the institutions, and the things around us. But I would argue that the term “trust” was used differently…
My recent columns have focused on actionable initiatives that can both deliver business value, providing a tangible achievement, and raise the profile of the data management organization data management organization (DMO).(For more on the DMO, a plug-and-play initial organization was proposed in an earlier TDAN column, “Coming in from the Cold.”) In that light, let’s…
