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May 6 2024

The Cool Kids Corner: Data Leadership (and the Importance of TNADVTMADHGI)

Hello! I’m Mark Horseman, and welcome to The Cool Kids Corner. This is my monthly check-in to share with you the people and ideas I encounter as a data evangelist with DATAVERSITY. Last month we discussed data privacy. This month we’re talking about data leadership. What do we mean by data leadership? What are our challenges […]

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Maximizing Business Value with Generative AI

Have we ever seen something get adopted so quickly as generative AI (GenAI) compared to the past? Think about it: ChatGPT launched in 2022 and gained 100 million users in two months. In comparison, we have been hearing about AI for a few years, but the adoption rates of AI have varied from 25% to […]

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The Drive Toward the Autonomous Enterprise Is a Key Focus for IT Leaders in 2024

According to Gartner, 80% of executives see automation as a vital thread that supports informed business decisions. And they’re right. In today’s business landscape, automation has transcended a mere “nice-to-have” and become a fundamental driver of organizational success. It’s not just transforming tasks but reshaping businesses from the inside out. Enhanced resilience, richer customer experiences, and a sharper […]

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Facing a Big Data Blank Canvas: How CxOs Can Avoid Getting Lost in Data Modeling Concepts

The volume of data now available to businesses continues to grow exponentially. When looking to extract valuable insights into their business’s performance, C-level executives (CxOs) must navigate the big data blank canvas. This requires a strategic approach, in which CxOs should define business objectives, prioritize data quality, leverage technology, build a data-driven culture, collaborate with […]

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Reimagining Data Strategy to Unlock AI’s Potential

Data: 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 often struggle to fully capitalize on its potential for informed decision-making and strategic insights.

Consider this. While data is perhaps every company’s most valuable asset for enabling a growth-driving customer experience…

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Putting a Number on Bad Data

Do you know the costs of poor data quality? Below, I explore the significance of data observability, how it can mitigate the risks of bad data, and ways to measure its ROI. By understanding the impact of bad data and implementing effective strategies, organizations can maximize the benefits of their data quality initiatives. Data has become […]

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Unleashing the Power of AI in Life Sciences

The life sciences industry is generating an increasing number of data points a day. While this data is essential to helping organizations make insight-informed decisions about critical operations, such as in clinical trial development, it is also proving to be a complex and daunting task, taking a significant toll on sponsors and clinical sites. In their quest […]

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Proper Data Management Drives Business Success

Data Management used to be an enhancement to business operations. But as the datasphere continues to grow exponentially, it’s now a critical factor to business success. This is inclusive of data visibility, access controls, classification, compliance, and backups. Successful business leaders will recognize that the ability to manage their company’s data effectively has substantial financial […]

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5 Tactics for Adaptive, Impactful, and Ethical AI

In an era defined by a surge in technological advancements, artificial intelligence (AI) stands out as a transformative force with the potential to reshape industries, enhance human capabilities, and solve complex problems. However, as AI becomes increasingly integrated into our lives, it’s essential to develop strategies that ensure its long-term viability and ethical use. Concerns […]

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Machine Learning: Challenges and Opportunities for Modern Data Executives

The transformational promise of artificial intelligence (AI) and machine learning (ML) for enterprises has fueled enormous excitement and massive investment by data executives. One estimate predicts that AI’s contribution to the global economy could reach an extraordinary $15.7 trillion by 2030. That’s more than the current combined economic output of China and India. Yet, there seems […]

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Why You Should Invest in Digital Transformation During Tough Economic Times

After grappling with an unprecedented global pandemic, the world finds itself navigating more uncertain times with rising inflation, historically high interest rates, and the U.S. wavering on the brink of another recession. With these uncertain times, CEOs are confronted with difficult decisions – such as where can we cut costs, and how can we reallocate resources to […]

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Strategies for Tackling Digital Transformation Resistance

The often-overused phrase “digital transformation” instills a sense of excitement and progress for many executives. But for some business leaders, digital transformation means intimidation or mystery. When the former group is tasked with selling data-driven technology initiatives to the latter group, they face formidable challenges. They must win hearts and minds to get buy-in, sometimes faced with […]

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Data Driven Customer Retention Strategies

Data driven marketing strategies supported by customer insights can significantly boost the customer experience, leading to higher customer retention rates. Each customer, or customer segment, is unique, and it is necessary to understand the behaviors and needs of each segment to truly connect with them on a personal level that keeps them coming back for […]

Strong AI/ML Must Be Founded on a Strong Data Strategy

The list of use cases powered by artificial intelligence (AI) and machine learning (ML) technologies is growing exponentially across nearly every business sector. Enterprises of all kinds are leveraging these advanced capabilities and scaling them through automation to improve business process management, sharpen organizational strategies, and reap more analytical and predictive insights from data for […]

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How to Find the Right Tweener for Your Organization

Recently, I attended the CDIO Conference in Boston where I had the pleasure of hearing the two Toms (Tom Redman and Tom Davenport) — gurus of data — introduce the concept of tweeners to the data management world. As I listened to their explanation of a tweener (someone who sits with one foot in data […]

Unlocking Success with Digital Transformation: A Strategic Roadmap for the Board

Digital transformation presents organizations with immense opportunities, but seizing them requires a strategic approach and careful selection of appropriate technologies. A recent study conducted by Deloitte that examined financial disclosures from over 4,000 global organizations, spanning a decade, revealed that “the right combination of digital transformation actions can unlock as much as $1.25 trillion in additional market […]

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Real-Time Big Data Analytics

Businesses today rely on real-time big data analytics to handle the vast and complex clusters of datasets. Here’s the state of big data today: The forecasted market value of big data will reach $650 billion by 2029. From 2010 to 2020, there has been a 5000% growth in the quantity of data created, captured, and […]

Who Needs A Data Model Anyway?

These days, there is much conversation about the necessity of the data model. The data model has been around for several decades now and can be classified as an artifact of an earlier day and age. But is the data model really out of date? And exactly why do we need a data model, anyway? […]

A Holistic Approach to Govern Data

The concept of being holistic embraces a comprehensive and interconnected view of various aspects of life, considering them as a whole rather than isolated parts. The concept of being holistic emphasizes the understanding that everything in our existence is connected and interdependent, influencing and being influenced by one another. Holistic approaches look to address the […]

What Technologies Should I Include in My Digital Transformation Strategy?

If your enterprise is about to undertake a digital transformation (Dx) project, you should understand that these initiatives require a focus on more than the technology itself. To succeed with a digital transformation strategy, the business must focus on business processes, day-to-day activities and tasks, and the culture within the organization, so that the environment […]

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Why Good Data Management Matters Now More Than Ever

In 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 managed electronically. But as businesses have rapidly increased the volume, velocity, and variety of data […]

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The Stranger Things of Data Governance

Non-Invasive Data Governance (NIDG), like the popular Netflix series Stranger Things, offers a mysterious and complex reality for organizations to navigate. I am often asked how it is possible to navigate these realities and implement NIDG in the real world. NIDG involves unraveling the intricacies of management, quality, security, and compliance. Just as the characters […]

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