Data Strategy News, Articles, & Education

Data Blogs | Information From Enterprise Leaders Data Education data monetization data strategy Data Strategy Blogs Data Strategy News, Articles, & Education data-driven DATAVERSITY digital transformation Enterprise Information Management Information Management Blogs

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 […]

The post Data Monetization: The Holy Grail or the Road to Ruin? appeared first on DATAVERSITY.

How to Foster a Cross-Organizational Approach to Data Initiatives

In today’s business landscape, data reigns supreme. It is the cornerstone of effective decision-making, fuels innovation, and drives organizational success. However, despite its immense potential, many organizations struggle to harness the full power of their data due to a fundamental disconnect between IT and business teams. This division not only impedes progress but also undermines […]

The post How to Foster a Cross-Organizational Approach to Data Initiatives appeared first on DATAVERSITY.

Essential Components for Effective Data Management in the AI Era

Imagine a world where your data not only tells a story but also anticipates your next move – this is the promise of effective data management in the AI era. As organizations try to deal with vast amounts of information, three key components have emerged as essential for unlocking the full potential of data: metadata, […]

The post Essential Components for Effective Data Management in the AI Era appeared first on DATAVERSITY.

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 […]

The post Mind the Gap: Ask for Business Actions, Not Business Value appeared first on DATAVERSITY.

Chief Officers: Do You Know What Your Data is Costing You?

CXOs this year have witnessed a rollercoaster economy amid plenty of turbulent events – from ongoing inflation affecting consumer spending to large stock market swings, major overseas conflicts, and the uncertainties of an election year. Not surprisingly, the economic forecast remains murky at best. According to a CNBC CFO survey, CFOs seem to agree that […]

The post Chief Officers: Do You Know What Your Data is Costing You? appeared first on DATAVERSITY.

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 […]

The post Unleashing the Power of People and Culture: The Ultimate Drivers of Data Governance Success appeared first on DATAVERSITY.

Data Lake Strategy: Its Benefits, Challenges, and Implementation

In today’s hyper-competitive business environment, data is one of the most valuable assets an organization can have. However, the sheer volume, variety, and velocity of data can overwhelm traditional data management solutions. Enter the data lake – a centralized repository designed to store all types of data, whether structured, semi-structured, or unstructured. Unlike traditional data warehouses, data […]

The post Data Lake Strategy: Its Benefits, Challenges, and Implementation appeared first on DATAVERSITY.

Data Quality: The Hidden Cornerstone of Digital Transformation Success

As organizations rush headlong into digital transformation initiatives, a critical factor often gets overlooked: data quality. In the race to implement cutting-edge technologies and overhaul business processes, many companies fail to recognize that the success of these efforts hinges on the accuracy, completeness, and reliability of their underlying data. This oversight can lead to disastrous […]

Beyond the “IT Guy” Stereotype: How Technology Leaders Drive Business Success

Traditionally, IT departments have been viewed as support functions primarily responsible for maintaining hardware, troubleshooting software issues, and ensuring basic connectivity. IT leaders are often treated like technical experts running a cost center, relegated to a dim back office and only emerging when summoned to address a problem. But that couldn’t be further from the […]

The post Beyond the “IT Guy” Stereotype: How Technology Leaders Drive Business Success appeared first on DATAVERSITY.

It’s Not the Tools, It’s the Culture: How to Roll Out Data Democratization

You want to implement data democratization, so you deployed all the new tooling and data infrastructure. You have a data catalog to manage metadata and ensure data lineage and a data marketplace to enable data discovery and self-service analytics. You’ve invested in the latest technologies to enable full self-service operation. The data management architecture you […]

The post It’s Not the Tools, It’s the Culture: How to Roll Out Data Democratization appeared first on DATAVERSITY.

Data Is Risky Business: Scaling Data Governance to the National Stage

I recently started a doctorate. And because I obviously have too much free time after running my business, teaching, and writing columns for august publications like this, I’m looking at data governance. But not at the level of the organization. My doctoral research will be a deep dive into some oft-neglected human factors that need to […]

Book of the Month: Insights from “Humanizing Data Strategy”

Welcome to our new series, “Book of the Month.” In this series, we will explore new books in the data management space, highlighting how thought leaders are driving innovation and shaping the future. This month, we’re grabbing a cup of coffee, settling into our favorite reading nook, and diving into “Humanizing Data Strategy: Leading Data […]

The post Book of the Month: Insights from “Humanizing Data Strategy” appeared first on DATAVERSITY.

The Data Difference: How SMBs Are Getting Ahead of the Competition

The cost of complacency is becoming crystal clear in the small and medium-sized business (SMB) space. There’s little room for those who rest on their laurels, especially when they make up over 95% of businesses globally emerging all the time. Amid fierce and crowded competition, innovation increasingly sets apart the high performers from those struggling to stand their […]

The post The Data Difference: How SMBs Are Getting Ahead of the Competition appeared first on DATAVERSITY.

The Relationship Between Storage Consolidation and a Hybrid Multi-Cloud IT Strategy

When you are presenting a way for IT to save money and have a better strategy to leverage the cloud, here’s a pro tip that can benefit any and all enterprises: A hybrid multi-cloud approach, with a strong private cloud configuration, creates the opportunity to consolidate storage arrays for maximum efficiency. Consolidation of storage saves on […]

The post The Relationship Between Storage Consolidation and a Hybrid Multi-Cloud IT Strategy appeared first on DATAVERSITY.

Eyes on Data: Understanding Data Products and Their Role in Data Marketplaces

In the rapidly evolving landscape of data management, the concept of data products has emerged as a cornerstone for effective data utilization and governance. Industry experts have shed light on the critical nature of data products, their distinction from data assets, and their pivotal role in data marketplaces. As organizations strive to maximize the value […]

When Business Growth Strategy Drives Data Strategy

What are the biggest data strategy challenges facing you and your company? If you are like most, the main reason for developing a data strategy is to be capable of supporting the growth strategy of each type of business in an exclusive way – to offer competitive resilience with balance and maturity to defend and […]

The post When Business Growth Strategy Drives Data Strategy appeared first on DATAVERSITY.

How Changes to Cloud Egress Fees May – or May Not – Help You Save Money

For years, cloud egress fees – the costs incurred when data moves out of a cloud environment – were like death and taxes. They were unavoidable for any organization that used the cloud. But that has changed over the past few months as major cloud providers Google, Amazon and Microsoft have announced the discontinuation of […]

The post How Changes to Cloud Egress Fees May – or May Not – Help You Save Money appeared first on DATAVERSITY.

Enterprise Data World 2024 Takeaways: Trending Topics in Data Management

I was privileged to deliver a workshop at Enterprise Data World 2024. Publishing this review is a way to express my gratitude to the fantastic team at DATAVERSITY and Tony Shaw personally for organizing this prestigious live event. Participating in such events has multiple advantages, including becoming familiar with trending topics in the data management […]

The post Enterprise Data World 2024 Takeaways: Trending Topics in Data Management appeared first on DATAVERSITY.

The Importance of Data Strategy in Digital Transformation

The term digital transformation may mean different things to different companies. At its most fundamental, digital transformation is the movement of processes, actions, and tools from an offline to an online environment. However, digital transformation might involve anything from re-formatting and digitally enabling an entire organization to building up a mobile application, website, or process. […]

Key Considerations for C-Suite Leaders Involved in Digital Transformation Initiatives

With spending on digital transformation initiatives worldwide projected to hit $3.9 trillion by 2027, the pressure is on organizations – and specifically the C-suite – to ensure that not only are they best positioned to tackle the digital challenges of today but that they can quickly adapt to those of tomorrow as well. C-suite leaders find themselves […]

The post Key Considerations for C-Suite Leaders Involved in Digital Transformation Initiatives appeared first on DATAVERSITY.

Data Privacy Through Robust Data Governance: Strategies and Best Practices

Today, more than ever, people are concerned about data privacy. Reflecting this, countries all over the world have introduced privacy laws – GDPR and CCPA being the biggest examples. These laws govern how businesses should collect, manage, and maintain data. This has prompted businesses to reevaluate their data collection operations. But to keep data private and secure businesses […]

The post Data Privacy Through Robust Data Governance: Strategies and Best Practices appeared first on DATAVERSITY.

Driving Data Governance: The Role of Data Strategy and Data Literacy Programs

In today’s data-driven world, organizations face increasing pressure to manage and govern their data assets effectively. Data governance plays a crucial role in ensuring that data is managed responsibly, securely, and in accordance with regulatory requirements. One key component and driver of successful data governance is the implementation of a robust data strategy coupled with […]

The post Driving Data Governance: The Role of Data Strategy and Data Literacy Programs appeared first on DATAVERSITY.

How to Assess GenAI’s Impact on Your Business

Since the beginning of 2023, generative AI (GenAI) has quickly made a significant impact across an expanding range of industries and applications. In just over a year since its groundbreaking debut, there’s much to celebrate about GenAI – and even more to still uncover and understand. Today, 79% of employees report at least some exposure to AI, […]

The post How to Assess GenAI’s Impact on Your Business appeared first on DATAVERSITY.

The Analytics Sandwich: Understanding the Business Value of Data and AI

In discussions with data management professionals, conversations often veer toward the technical intricacies of migration to the cloud or algorithm optimization, overshadowing the core business objectives that originally spurred these initiatives. Yet, conversations with chief information officers (CIOs) and chief data officers (CDOs) reveal a relentless pursuit of concrete business value, a metric that determines […]

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 […]

The post Data Intelligence: The Key to Empowered People and Decisions appeared first on DATAVERSITY.

🔴 Red Button Data

🔴 Red Button Data

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

How to Foster a Cross-Organizational Approach to Data Initiatives

Essential Components for Effective Data Management in the AI Era

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

Chief Officers: Do You Know What Your Data is Costing You?

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

Data Lake Strategy: Its Benefits, Challenges, and Implementation

Data Quality: The Hidden Cornerstone of Digital Transformation Success

Beyond the “IT Guy” Stereotype: How Technology Leaders Drive Business Success

It’s Not the Tools, It’s the Culture: How to Roll Out Data Democratization

Data Is Risky Business: Scaling Data Governance to the National Stage

Book of the Month: Insights from “Humanizing Data Strategy”

The Data Difference: How SMBs Are Getting Ahead of the Competition

The Relationship Between Storage Consolidation and a Hybrid Multi-Cloud IT Strategy

Eyes on Data: Understanding Data Products and Their Role in Data Marketplaces

When Business Growth Strategy Drives Data Strategy

How Changes to Cloud Egress Fees May – or May Not – Help You Save Money

Enterprise Data World 2024 Takeaways: Trending Topics in Data Management

The Importance of Data Strategy in Digital Transformation

Key Considerations for C-Suite Leaders Involved in Digital Transformation Initiatives

Data Privacy Through Robust Data Governance: Strategies and Best Practices

Driving Data Governance: The Role of Data Strategy and Data Literacy Programs

How to Assess GenAI’s Impact on Your Business

The Analytics Sandwich: Understanding the Business Value of Data and AI

Data Intelligence: The Key to Empowered People and Decisions

🔴 Red Button Data

🔴 Red Button Data

Category Archives: Data Strategy News, Articles, & Education