January 25, 2025
Headlines

Enterprise Information Management

2024 DATAVERSITY Top 20

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As we approach the end of another year, we here at DATAVERSITY have been busy analyzing our data and answering the big questions: What was the most popular content on our website and training center over the past 12 months? Which data management topics did you – our readers and students – seek out again…

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4 Key Reasons to Build a Data Culture

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Understanding the importance of data culture requires recognizing its pivotal role in shaping how organizations operate and innovate. A strong data culture instills a mindset where decisions are driven by data, fostering an environment that values evidence over intuition. This cultural shift enables organizations to harness the full potential of their data assets, leading to…

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Key Principles of Data Product Management for Maximizing Business Value

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Although almost every company in the world recognizes the power of data, most struggle to unlock its full potential. Companies such as Google, Amazon, and Uber that primarily deal with data are among the most valuable in the world, in terms of market capitalization, business performance, and innovation. One of the key reasons for their…

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The Future of Data Literacy

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There was a time when only elite, tech-savvy staff in an organization understood and felt qualified to discuss data-enabled business decisions. These individuals often possessed advanced academic degrees in data science, data engineering, statistics, operations research, and other allied fields and did not speak the language of the ordinary business staff. As a result, there…

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Harnessing Data: From Resource to Asset to Product

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Companies that are data-driven demonstrate improved business performance. McKinsey says that data and analytics can provide EBITDA (earnings before interest, taxes, depreciation, and amortization) increases of up to 25% [1]. According to MIT, digitally mature firms are 26% more profitable than their peers [2]. Forrester research found that organizations using data are three times more…

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Fundamentals of Data Preparation

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Data is often called the raw material of the information age, and it does share characteristics with the resources that power other industries. For example, imagine trying to make a car out of unrefined iron ore. A lot of processing happens between the mine and the factory. Data is no different. In its “raw” form,…

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Mind the Gap: Ask for Business Actions, Not Business Value

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I’m not sure I know anyone in the data and analytics field whose platform doesn’t face budget scrutiny. Analytics is expensive. And when cost-cutting is the order of the day, analytics is a big target. Up shields. Time for another business value inventory. I’ve spoken with consultants who have completed analytics business value inventories at…

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Data Visualization in the Era of AI/ML

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How will data visualization evolve in the era of AI/ML? While AI is rapidly evolving, it is ironic that business users are still using “dumb” dashboards. The challenge is to move beyond these unintelligent dashboards to a genuinely transformative visual analytics solution that harnesses the power of AI/ML. While some vendors offer a ChatGPT-like querying…

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Data Product vs. Data as a Product (DaaP): Understanding the Difference

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Data quality (DQ), which ensures that data is fit for business and consumer needs, remains a significant challenge and is growing more complex. According to a dbt Labs 2024 report, 57% of survey respondents identified data quality as a challenging aspect to data preparation, up from 41% in 2022.  To address these data quality challenges, companies increasingly…

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What Is a Data Fabric?

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Data fabric is an innovative approach to data architecture, and simplifies data management. At its core, data fabric is built on the principle of unification. This standardization serves two purposes: It creates a single-entry point for data consumers, and it enables seamless access to information, regardless of where that data is stored, computed, or administered. These outcomes happen through data…

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