DataKitchen

MARCH 5, 2024

The False Calm Before the Storm A lack of reported problems doesn’t guarantee a smooth sail ahead. Yes, it was our fault, and the data was wrong for the past year.’ ’ The Business Imperative: Need for Accuracy Regardless of current error reports, your business depends on data accuracy for making informed decisions.

Data Quality 150

Data Quality Measurement Testing Data-driven 150

CIO Business Intelligence

DECEMBER 19, 2023

The analyst reports tell CIOs that generative AI should occupy the top slot on their digital transformation priorities in the coming year. Moreover, the CEOs and boards that CIOs report to don’t want to be left behind by generative AI, and many employees want to experiment with the latest generative AI capabilities in their workflows.

Digital Transformation 143

Digital Transformation Unstructured Data Machine Learning Risk Management 143

CIO Business Intelligence

MAY 2, 2023

Despite the best of intentions, CIOs and their organizations often struggle to deliver business outcomes from digital transformation strategies. And while KPMG reports that 72% of CEOs have aggressive digital investment strategies, McKinsey details a harsh reality that 70% of transformations fail.

Digital Transformation 141

Digital Transformation IT Data-driven Metrics 141

CIO Business Intelligence

MARCH 27, 2023

They’re spending a lot of time on things like data quality, data management, things that might be tactical, helping with operational aspects of IT. Organizations are still investing in data and analytics functions. The mean reported budget among respondents was $5.41

Data-driven 145

Data-driven Data Quality Strategy Reporting 145

CIO Business Intelligence

APRIL 8, 2024

Working with partner Amazon Web Services (AWS), the NFL has developed Digital Athlete, a platform that uses computer vision and ML to predict which players are at the highest risk of injury based on plays and their body positions. The first thing is having a data strategy, having a foundation of data, and then asking questions of it.”

Analytics 118

Analytics Broadcasting Predictive Analytics Metrics 118

CIO Business Intelligence

DECEMBER 8, 2023

Barely a year after the release of ChatGPT and other generative AI tools, 75% of surveyed companies have already put them to work, according to a VentureBeat report. Minimizing risk Many companies are starting to invest in mitigating risk. Here are some of the most effective strategies, according to experts.

Risk 122

Risk Finance Data Quality Modeling 122

Alation

APRIL 27, 2022

In fact, 90% of organizations with top-tier data cultures either met or exceeded their revenue targets over the last 12 months. This was a key finding in the quarterly Alation State of Data Culture Report , which provides an assessment of the progress enterprises have made in creating a data culture.

Reporting 52

Reporting Data-driven Digital Transformation Data Governance 52

CIO Business Intelligence

JANUARY 9, 2024

The October 2023 CEO Outlook Pulse from professional services firm EY reported that 99% of chief executives were planning to invest in generative AI. That’s the question many CIOs are asking, as some report they are now the ones raising points about business needs and business value whenever there’s a demand for an AI solution.

IT 140

IT Risk Cost-Benefit Enterprise 140

CIO Business Intelligence

MARCH 24, 2023

The Data Management Association (DAMA) International defines it as the “planning, oversight, and control over management of data and the use of data and data-related sources.” Such a framework provides your organization with a holistic approach to collecting, managing, securing, and storing data.

Data Governance 142

Data Governance Management Metadata Data Quality 142

Octopai

MAY 15, 2023

Here are some common cost areas where data lineage can be beneficial: Infrastructure and storage costs: Data lineage allows organizations to understand data usage patterns, access frequencies, and data dependencies. Data quality costs: Poor data quality can result in significant costs for organizations.

Data Quality 52

Data Quality Data Governance Data Integration Risk 52

CIO Business Intelligence

APRIL 11, 2024

“Oracle Cloud Infrastructure is now capable of hosting a full range of traditional and modern IT workloads, and for many enterprise customers, Oracle is a proven vendor,” says David Wright, vice president of research for cloud infrastructure strategies at research firm Gartner. The inherent risk is trust.

Enterprise 124

Enterprise IT Data Processing Strategy 124

datapine

JANUARY 24, 2021

It is not just important to gather all the existing information, but to consider the preparation of data and utilize it in the proper way, has become an indispensable value in developing a successful business strategy. That being said, it seems like we’re in the midst of a data analysis crisis.

IT 317

IT Statistics KPI Data-driven 317

FineReport

APRIL 9, 2024

From advanced analytics to predictive modeling, the evolving landscape of business intelligence is revolutionizing how data is processed and leveraged for actionable insights. Comparing leading BI tools provides valuable insights into the diverse capabilities and features available for data analysis and reporting.

Business Intelligence 52

Business Intelligence Software Data-driven Predictive Modeling 52

Alation

JUNE 9, 2023

D&A leaders from around the world gathered to discuss and find ways to overcome the latest challenges through strategies and innovations backed by data, analytics, and data science. This ties into the keynote, stressing that a CDO or CDAO goals must be aligned with the corporate strategy and vision.

Data Analytics 52

Data Analytics Analytics Data Quality Data-driven 52

IBM Big Data Hub

SEPTEMBER 15, 2023

For the first wave of companies affected, sustainability reports will be required as soon as fiscal year 2024. These requirements will likely mandate publicly traded companies to disclose their greenhouse gas (GHG) emissions footprint, climate-related goals, and progress, as well as climate-risk related financial impact and expenditures.

Risk 80

Risk Reporting Data-driven Publishing 80

Cloudera

MARCH 3, 2022

It’s believed the source of the breach was Marriott’s Starwood subsidiary and Marriott might not have done due diligence when merging its newly acquired subsidiary’s data into its own databases. In 2017, Anthem reported a data breach that exposed thousands of its Medicare members. From Bad to Worse.

Data Governance 95

Data Governance Enterprise Data Quality Metadata 95

FineReport

MARCH 24, 2024

The primary objective of a data analyst is to transform raw data into meaningful insights that drive organizational improvements. By conducting extensive research and analysis, they generate reports that inform strategic decisions, identify areas for enhancement, and guide the implementation of new initiatives.

Statistics 52

Statistics Data mining Visualization Reporting 52

Alation

JULY 15, 2022

I recently led an online session, Data Monetisation and Governance , looking at the evolution of data governance , defining data ethics (from the Turing Institute ), and touching on the balancing act between using data to monetise (by increasing revenue, decreasing spend, or mitigating risk) and meeting ethical obligations.

Cost-Benefit 89

Cost-Benefit Data Governance ROI Risk 89

CIO Business Intelligence

APRIL 29, 2022

The data-first transformation journey can appear to be a lengthy one, but it’s possible to break it down into steps that are easier to digest and can help speed you along the pathway to achieving a modern, data-first organization. Key features of data-first leaders. 5x more likely to be highly resilient in terms of data loss.

Digital Transformation 132

Digital Transformation Strategy Data-driven Data Strategy 132

Anmut

MARCH 22, 2023

Anmut’s own clients estimate that poor data quality and availability causes at least 16% additional cost per year. Worse still, these organisations’ competitors are actually pouring twice as many resources into creating value from their data assets, giving them a massive advantage.

Measurement 52

Measurement Modeling Data Quality Data Governance 52

datapine

MAY 31, 2022

We discussed already some of these cloud computing challenges when comparing cloud vs on premise BI strategies. Like many other branches of technology, security is a pressing concern in the world of cloud-based computing, as you are unable to see the exact location where your data is stored or being processed.

Risk 237

Risk Cost-Benefit Business Intelligence Data-driven 237

erwin

JANUARY 30, 2020

The 2020 State of Data Governance and Automation (DGA) report is a follow-up to an initial survey we commissioned two years ago to explore data governance ahead of the European Union’s General Data Protection Regulation (GDPR) going into effect. 1 reason to implement data governance.

Data Governance 145

Data Governance Metadata Cost-Benefit Digital Transformation 145

CIO Business Intelligence

SEPTEMBER 20, 2023

Mark Booth: We have a growth strategy to improve our business, and to support that, we’re driving a transformation in technology and business processes. But the more challenging work is in making our processes as efficient as possible so we capture the right data in our desire to become a more data-driven business.

Data Lake 135

Data Lake Data-driven Dashboards Risk 135

DataKitchen

MARCH 16, 2023

Like most leaders of data analytic teams, you have been doing very little to quantify your team’s success. All you had to do was to write a few bullet points every week in the text for your report for last your boss. Where is your metrics report? What should be in that report about your data team?

Metrics 130

Metrics Data Analytics Analytics Measurement 130

Octopai

JUNE 26, 2020

Why aren’t the numbers in these reports matching up? We’re dealing with data day in and day out, but if isn’t accurate then it’s all for nothing!” In a panic, he went from desk to desk asking his teammates if they had been working on the same reports that day. They deal with tens if not hundreds of reports each day….

Metadata 84

Metadata Data Governance Enterprise Reporting 84

Alation

AUGUST 17, 2022

We’ve seen the emergence of new, less invasive approaches, yet the question remains: What do CIOs think is most required to deliver a successful data governance program? The Risks of Early Data Governance Programs. The biggest risk was a lack of ownership. If your definitions are bad, so is your governance/risk/security.

Data Governance 92

Data Governance Risk Data-driven Measurement 92

CIO Business Intelligence

JUNE 7, 2022

In large financial services organizations, this data includes everything from earnings reports to projections, contracts, social media, marketing, and investments. Using NLP, an analyst can get details of an earnings report long before the data makes its way into a database of a data provider that must then structure it.

Unstructured Data 98

Unstructured Data Deep Learning Insurance Interactive 98

erwin

JANUARY 11, 2019

It’s only when companies take their first stab at manually cataloging and documenting operational systems, processes and the associated data, both at rest and in motion, that they realize how time-consuming the entire data prepping and mapping effort is, and why that work is sure to be compounded by human error and data quality issues.

Data Governance 40

Data Governance Risk Metadata Management 40

Anmut

APRIL 6, 2023

By regularly conducting data maturity assessments, you can catch potential issues early and make proactive changes to supercharge your business’s success. Improved data quality By assessing the organisation’s data quality management practices, the assessment can identify areas where data quality can be improved.

Cost-Benefit 52

Cost-Benefit Data Quality Data Governance Measurement 52

CIO Business Intelligence

SEPTEMBER 2, 2022

In the finance industry, software engineers are often tasked with assisting in the technical front-end strategy, writing code, contributing to open-source projects, and helping the company deliver customer-facing services. Data engineer. Full-stack software engineer. Back-end software engineer. Director of software engineering.

Finance 98

Finance IT Software Reporting 98

CIO Business Intelligence

AUGUST 31, 2022

In the finance industry, software engineers are often tasked with assisting in the technical front-end strategy, writing code, contributing to open-source projects, and helping the company deliver customer-facing services. Data engineer. Full-stack software engineer. Back-end software engineer. Director of software engineering.

Finance 98

Finance IT Software Reporting 98

Alation

APRIL 18, 2023

For any data user in an enterprise today, data profiling is a key tool for resolving data quality issues and building new data solutions. In this blog, we’ll cover the definition of data profiling, top use cases, and share important techniques and best practices for data profiling today.

IT 52

IT Data Quality Metadata Data Governance 52

IBM Big Data Hub

JUNE 8, 2022

Implementing the right data strategy spurs innovation and outstanding business outcomes by recognizing data as a critical asset that provides insights for better and more informed decision-making. Here are a few common data management challenges: Regulatory compliance on data use. Data quality.

Data-driven 58

Data-driven Enterprise Data Governance Data Lake 58

O'Reilly on Data

DECEMBER 12, 2019

1] This includes C-suite executives, front-line data scientists, and risk, legal, and compliance personnel. These recommendations are based on our experience, both as a data scientist and as a lawyer, focused on managing the risks of deploying ML. Currency amounts reported in Taiwan dollars. Sensitivity analysis.

Machine Learning 191

Machine Learning Modeling Testing Risk Management 191

erwin

JULY 9, 2021

At the root of data intelligence is data governance , which helps ensure the right level of data access, availability and usage based on a defined set of data policies and principles. The Importance of Data Governance. They are defining and classifying data. Data and Regulatory Compliance.

Data Governance 59

Data Governance Business Driver Strategy Statistics 59

CIO Business Intelligence

APRIL 6, 2022

Real-Time nature of data: The window of opportunity continues to shrink in our digital world. The risks of a breach are greater as well, from interrupted operations to stiff financial penalties for failing to adhere to industry regulations such as General Data Protection Regulation (GDPR). Just starting out with analytics?

Data mining 72

Data mining Deep Learning Insurance Digital Transformation 72

O'Reilly on Data

JULY 28, 2020

Many companies face a problem that’s even worse: no one knows which levers contribute to the metrics that impact business outcomes, or which metrics are important to the company (such as those reported to Wall Street by publicly-traded companies). Acquiring data is often difficult, especially in regulated industries.

Marketing 362

Marketing Experimentation Metrics Testing 362