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Dec 12 2024

Data Monetization: The Holy Grail or the Road to Ruin?

Unlocking the value of data is a key focus for business leaders, especially the CIO. While in its simplest form, data can lead to better insights and decision-making, companies are pursuing an entirely different and more advanced agenda: the holy grail of data monetization. This concept involves aggregating a variety of both structured and unstructured […]

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Unleashing the Power of Data: A Guide for CIOs and CDOs

In today’s data-driven landscape, organizations have a wealth of information at their fingertips — but unlocking its full potential is a complex challenge. Many struggle to effectively leverage data for AI, analytics, and decision-making, often hindered by issues like accuracy, availability, and security. For CIOs and CDOs, prioritizing and addressing these obstacles is mandatory. From […]

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

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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From Instincts to Data-Driven Success: The AI-Powered Path to Product-Led Growth

Have you noticed the way that businesses grow is changing? We are moving away from standard sales-driven models to more innovative product-led tactics. And what is fueling this shift? You guessed it: AI and predictive analytics. These tools are not just fancy jargon; they are transforming how we understand customer needs, customize experiences, and upgrade […]

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Unleashing the Power of People and Culture: The Ultimate Drivers of Data Governance Success

In the high-stakes world of data governance, where organizations strive to protect and leverage their most valuable asset, one truth stands out: technology alone won’t get you there. The secret sauce? People and culture. They are the lifeblood of any successful data governance strategy, the pulse that drives data literacy, and the force that propels […]

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The Future of Insurance: A Business Analyst’s Insight into Emerging Trends and Technologies

The insurance industry is undergoing a revolution, mainly driven by the application of advanced emerging technologies. The application and installation of new technologies enable a better future for our industry, where customers will receive maximum efficiency, security, and flexibility. Here, we address the major technologies and trends that influence this transition, shedding light on their […]

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In the Age of AI, How Can We Empower Everyone to Automate Work?

From boosting efficiency to making data-driven decisions faster, the benefits of using AI and automation in the workplace are numerous. But understandably, there’s also plenty of apprehension among some team members. According to new research, around 80% of those who work in a digital setting and use AI say that it’s already improving their productivity. And […]

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Data Intelligence: The Key to Empowered People and Decisions

McKinsey analysts predict that enterprise employees will rely on data for almost every decision come 2025. If true, this development would mark a significant departure from the current business modus operandi. According to our research, only 25% of enterprise data professionals believe their organization’s decision-making process is data-backed or strategic. How are these two concepts – the perception of data […]

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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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Mind the Gap: The Data Chasm

Welcome to the inaugural edition of Mind the Gap, a monthly column exploring practical approaches for improving data understanding and data utilization (and whatever else seems interesting enough to share). This month, we start not with a gap but with a chasm – one that’s at the core of a bewildering paradox. We continue to see […]

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Signal vs. Noise: Balancing On-Call Hygiene for Data-Driven Teams

In the real-time software world, 24×7 uptime is critical for core software where millions of transactions occur every second. In 2018, Amazon’s Prime Day event experienced a 13-minute outage that, according to some estimates, may have cost the company up to $99 million in lost sales. Reliability is paramount when the business depends on it […]

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Unveiling the ROI Dilemma: How Data Blind Spots Impact Asset Owners’ Bottom Line

In today’s fast-moving investment world, corporate and insurance asset owners are operating in the dark, hindered by the absence of a standardized industry benchmark for an overall asset performance assessment. Asset owners usually have many other responsibilities beyond managing portfolio strategies, affecting their ability to allocate time to comprehensively evaluate and optimize the performance of […]

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Future-Proof Your Cyber Risk Management with These Top Trends in 2024 (Part II)

As shared in part one of this installment, the global marketplace faces an increasingly destructive cyber risk landscape each year, and 2024 is set to confirm this trend. The cost of data breaches alone is expected to reach $5 trillion, a growth of 11% from 2023. As technology advances, attackers continue to develop new, more sophisticated methods […]

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The Swashbuckling Guide to Building an Analytics Center of Excellence

Ahoy, data adventurers! Embarking on the thrilling journey of building a successful Analytics Center of Excellence (CoE) is akin to navigating the vast seas of data-driven decision-making. As a seasoned captain who’s steered the ship through the turbulent waters of financial services, retail, CPG, and telecom industries, I’ve charted a course that’s proven its mettle […]

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Data-First Architectures Unlock the Power of Data

Companies are currently in the midst of a significant paradigm shift, where they are faced with the decision to either over-complicate their data architecture or opt for a single cloud solution. It’s imperative to assess which cloud option aligns best with the needs of an organization; however, neither option allows organizations to optimize their data. […]

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How GenAI Bridges the Data Gap Between CMOs and CFOs

Marketing budgets are never entirely safe. While it may seem like pressure is easing as global economic estimates turn slightly sunnier, consumer demand is still getting more expensive to capture and close – which means scrutiny from finance chiefs is as tough as ever. To keep investment flowing, CMOs need to get better at not only boosting […]

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Author: Harriet Durnford-Smith

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Analytics Blogs Analytics News, Articles, & Education Data Analytics Data Blogs | Information From Enterprise Leaders Data democratization Data Education Data Literacy Blogs Data Literacy News, Articles, & Education data storytelling data visualization data-driven DATAVERSITY

Feb 23 2024

5 Key Strategies for Making Data Visualization Accessible

“If I can’t picture it, I can’t understand it.” —Albert Einstein Research has found that 65% of the general population are visual learners, meaning they need to see information as images to understand it. The business world confirms this: Visualization is essential in driving success. Take, for instance, data visualization, or, the art of translating data into […]

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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 […]

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Organizations Are Underutilizing Their Data – Here’s Why (and How to Fix It)

The mainstreaming of predictive analytics and generative AI has brought Data Management into focus. Artificial Intelligence both runs on and produces a vast amount of data that must be effectively managed, governed, and analyzed. However, a recent survey of 1,000 North American executives revealed that organizations aren’t quite up for the challenge.

Many companies are not prepared to implement AI or other technologies into their existing IT infrastructure and workforce in a timely manner…

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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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Four Perspectives on the Art of Data Analytics

As data science professionals, we are often viewed as people who draw conclusions based only on data and minimize other factors. This perception usually becomes contentious when the insights and evidence from the data are inconsistent with somebody else’s “hypothesis.” Or we are confused and maybe frustrated when “qualitative” analysis trumps quantitative analysis. The next time […]

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Why Data Intelligence Is Imperative to Achieve a Clean Energy Future

We should be further along with the consumer adoption of renewable energy. Solar energy has long since emerged as the lowest cost per kWh power source, making it a key puzzle piece in our transition to clean energy. Added to that, the Inflation Reduction Act of 2022 was passed to significantly incentivize private investment into clean energy […]

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Building Data Pipelines with Kubernetes

Data pipelines are a set of processes that move data from one place to another, typically from the source of data to a storage system. These processes involve data extraction from various sources, transformation to fit business or technical needs, and loading into a final destination for analysis or reporting. The goal is to automate […]

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Maximizing IT Investments and Enhancing End-User Experience with Data

In an age defined by data-driven decision-making, where 91.9% of organizations have already leveraged analytics to enhance their operations, a question remains: What if there were even more sources of untapped data, capable of helping businesses increase the quality of the end-user experience and elevating the functionality of systems, applications, and cloud investments within their business? This is […]

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5 FinOps Best Practices You Should Not Ignore

FinOps, or Financial Operations, is a relatively new term that has been gaining traction in the business world. It represents a cultural shift in the way organizations manage their finances, especially in the context of cloud computing. FinOps is a collaborative approach that brings together finance, operations, and engineering teams to manage and control cloud […]

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