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Unveiling the Power of Dark Data in Strategic Decision-Making


If you’ve never heard of dark data, you’re not alone. Setting aside the ominous name, dark data isn’t something that is inherently bad – although, in practice, it usually does end up this way. Dark data is usually unstructured data, though it can also be semi-structured or structured data that a business collects and stores but […]

The post Unveiling the Power of Dark Data in Strategic Decision-Making appeared first on DATAVERSITY.


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Author: Nahla Davies

Are You Accurately Assessing Data? Here are 7 Ways to Improve

Data quality is essential for delivering reliable analytics that business users and decision-makers trust. Organizations should assess their data to ensure it meets their quality standards. Data quality management (DQM) is the practice of using data to serve an organization’s purposes with flexibility and agility. An assessment can also find gaps in data, such as missing information, that need to be filled in, to improve data quality. Here are seven ways to improve data assessments:

  1. Assess completeness. Data completeness is the comprehensiveness or wholeness of a data set. It can be measured as a percentage of all required data that’s currently available in the data set. It’s important to note that non-essential information can be missing without making the data incomplete. For example, data that does not have a customer’s phone number will probably not impact email campaigns. Likewise, performing analytics on sales data within a certain time period will not be affected by missing information outside of those specified dates. However, for data to be complete, it must include values for all of the fields needed for the intended analytics.
  2. Ensure consistency. Data should be the same across all uses and applications. This means that no matter where data is stored or used—on-premises, clouds, apps, or databases—it must be consistent. For example, customer data in the data warehouse needs to be the same as the customer data in a customer relationship management (CRM) system. Inconsistencies can be the result of data silos, outdated information, or information entered differently across users, such as a customer name entered with various spellings, like “John” and “Jonathan.” Testing multiple data sets helps determine consistency.
  3. Confirm timeliness. Organizations want the most accurate data available at the time it’s being used. The right data must also be easily accessible when it’s needed, including for real-time or near-real-time use. The value and accuracy of data can depreciate over time. For example, data about buying habits prior to COVID-19 may no longer be relevant. Timely data that’s current and accurate helps stakeholders make the most informed decisions, uncovers new and emerging trends, and automates processes. This is where the right data platform delivers value—it makes integrated and timely data available to everyone who needs it.
  4. Validate accuracy. Data must be correct, meaning it has the right information in all required fields, such as customer profile details or product specs. The fields can include everything from a customer’s date of birth and geographic location to sales numbers and corresponding sales dates. The data impacts business areas such as marketing, billing, and product design. Inaccurate data skews analysis, so it must be correct and complete. Data accuracy can be validated by confirming a data set against a verified or authentic source. Maintaining an effective data governance program helps ensure data accuracy.
  5. Determine integrity. Data used for analysis should meet the organization’s data quality governance standards to ensure it maintains its integrity, which is the accuracy and consistency of data over its lifecycle. Each time data is duplicated or moved, the integrity can be compromised by information getting lost or attribute relationships becoming disconnected. For example, a CRM system that loses part of a customer profile, like a mobile phone number or email address, has data with compromised integrity. Data integrity allows organizations to trace and connect data. Data quality checks help verify its integrity.
  6. Measure validity. Data must match the intended use for the data set, whether it’s for analytic insights or another purpose, and must also meet the organization’s defined rules for the data. Validated data can include information that fits into specific data types, forms, numerical ranges, or mandatory data fields, such as birth months that fall within the numbers one to 12 or zip codes that contain the correct number of digits. Data should be validated after a migration, like moving data sets from an on-premise infrastructure to the cloud. Implementing data validation rules helps ensure data meets the organization’s requirements.
  7. Evaluate uniqueness. Uniqueness helps identify instances of data duplication by determining if the same information exists multiple times within the same data set. For example, if a list of 500 customers has data for more than 500 people, then data is duplicated. Data cleansing and de-duplication processes help resolve this problem.

Ensuring Quality Data Ensures Trustworthy Data Analytics

Assessing data is increasingly important as data volumes continue to grow and data sources expand. Having established processes in place to assess and govern data helps ensure the business can trust the results of its data analytics, including advanced analytics. Data that’s current, accurate, and complete also improves time to value. If it takes an unusually long time to get analytic results from a data set, there’s probably a data quality issue. Auditing and assessing data can identify issues and determine if a data set is fit for a specific purpose, such as advanced analytics. In addition, an audit can identify when changes were made to data, such as when a customer’s address, email, or phone number was updated.

Use a Modern Cloud Data Platform to Ensure Quality Data

One way to maintain data quality across the organization is to bring all data together on a single platform where it’s governed by established processes. Data governance ensures data meets compliance and quality standards. Data profiling also helps with data quality by identifying the structure, content, and formatting of data so it can be assessed and enhanced.

Actian offers modern, easy-to-use solutions for assessing and using data. The Avalanche Cloud Data Platform makes integrated data readily available to everyone who needs it. The trusted platform provides a unified experience for ingesting, transforming, analyzing, and storing data—and ensures data is complete and compliant using data quality rules.

Related resources you may find useful:

The post Are You Accurately Assessing Data? Here are 7 Ways to Improve appeared first on Actian.


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Author: Brett Martin

Data Analytics for Supply Chain Managers

If you haven’t already seen Astrid Eira’s article in FinancesOnline, “14 Supply Chain Trends for 2022/2023: New Predictions To Watch Out For”, I highly recommend it for insights into current supply chain developments and challenges. Eira identifies analytics as the top technology priority in the supply chain industry, with 62% of organizations reporting limited visibility. Here are some of Eira’s trends related to supply chain analytics use cases and how the Avalanche Cloud Data Platform provides the modern foundation needed to make it easier to support complex supply chain analytics requirements.

Supply Chain Sustainability

According to Eira, companies are expected to make their supply chains more eco-friendly. This means that companies will need to leverage supplier data and transportation data, and more in real-time to enhance their environmental, social and governance (ESG) efforts. With better visibility into buildings, transportation, and production equipment, not only can businesses build a more sustainable chain, but they can also realize significant cost savings through greater efficiency.

With built-in integration, management and analytics, the Avalanche Cloud Data Platform helps companies easily aggregate and analyze massive amounts of supply chain data to gain data-driven insights for optimizing their ESG initiatives.

The Supply Chain Control Tower

Eira believes that the supply chain control tower will become more important as companies adopt Supply Chain as a Service (SCaaS) and outsource more supply chain functions. As a result, smaller in-house teams will need the assistance of a supply chain control tower to provide an end-to-end view of the supply chain. A control tower captures real-time operational data from across the supply chain to improve decision making.

The Avalanche platform helps deliver this end-to-end visibility. It can serve as a single source of truth from sourcing to delivery for all supply chain partners. Users can see and adapt to changing demand and supply scenarios across the world and resolve critical issues in real time. In addition to fast information delivery using the cloud, the Avalanche Cloud Data Platform can embed analytics within day-to-day supply chain management tools and applications to deliver data in the right context, allowing the supply chain management team to make better decisions faster.

Edge to Cloud

Eira also points out the increasing use of Internet of Things (IoT) technology in the supply chain to track shipments and deliveries, provide visibility into production and maintenance, and spot equipment problems faster. These IoT trends indicate the need for edge to cloud where data is generated at the edge, stored, processed, and analyzed in the cloud.

The Avalanche Cloud Data Platform is uniquely capable of delivering comprehensive edge to cloud capabilities in a single solution. It includes Zen, an embedded database suited to applications that run on edge devices, with zero administration and small footprint requirements. The Avalanche Cloud Data Platform transforms, orchestrates, and stores Zen data for analysis.

Artificial Intelligence

Another trend Eira discusses is the growing use of artificial intelligence (AI) for supply chain automation. For example, companies use predictive analytics to forecast demand based on historical data. This helps them adjust production, inventory levels, and improve sales and operations planning processes.

The Avalanche Cloud Data Platform is ideally suited for AI with the following capabilities:

  1. Supports rapid machine learning model training and retraining on fresh data.
  2. Scales to several hundred terabytes of data to analyze large data sets instead of just using data samples or subsets of data.
  3. Allows a model and scoring data to be in the same database, reducing the time and effort that data movement would require.
  4. Gives data scientists a wide range of tools and libraries to solve their challenges.

This discussion of supply chain sustainability, the supply chain control tower, edge to cloud, and AI just scratch the surface of what’s possible with supply chain analytics. To learn more about how the Avalanche Cloud Data Platform, contact our data analytics experts. Here’s some additional material if you would like to learn more:

·      The Power of Real-time Supply Chain Analytics

·      Actian for Manufacturing

·      Embedded Database Use Cases

The post Data Analytics for Supply Chain Managers appeared first on Actian.


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Author: Teresa Wingfield