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8 data strategy mistakes to avoid

CIO Business Intelligence

Organizations can’t afford to mess up their data strategies, because too much is at stake in the digital economy. How enterprises gather, store, cleanse, access, and secure their data can be a major factor in their ability to meet corporate goals. Here are some data strategy mistakes IT leaders would be wise to avoid.

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7 enterprise data strategy trends

CIO Business Intelligence

Every enterprise needs a data strategy that clearly defines the technologies, processes, people, and rules needed to safely and securely manage its information assets and practices. Here’s a quick rundown of seven major trends that will likely reshape your organization’s current data strategy in the days and months ahead.

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Using Data-Driven Lean Thinking to Optimize Business Processes

Smart Data Collective

A growing number of businesses use big data technology to optimize efficiency. However, companies that have a formal data strategy are still in the minority. Only 32% of executives have officially laid out a data strategy to drive their organization. What is Lean Thinking?

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Data-Driven Companies Leverage OCR for Optimal Data Quality

Smart Data Collective

A growing number of companies have leveraged big data to cut costs, improve customer engagement, have better compliance rates and earn solid brand reputations. The benefits of big data cannot be overstated. One study by Think With Google shows that marketing leaders are 130% as likely to have a documented data strategy.

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The Unexpected Cost of Data Copies

An organization’s data is copied for many reasons, namely ingesting datasets into data warehouses, creating performance-optimized copies, and building BI extracts for analysis. How replicated data increases costs and impacts the bottom line. What to consider when implementing a "no-copy" data strategy.

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Use a Data Strategy to Make Your Startup Profitable

Smart Data Collective

In the information, there are companies with big data strategies and those that fall behind. Big data and business intelligence are essential. However, the success of a big data strategy relies on its implementation. VentureBeat reports that only 13% of companies are delivering on their big data strategies.

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OCBC Bank Accelerates Its Data Strategy with Cloudera 

Cloudera

OCBC Bank optimizes customer experience & risk management with multi-phased data initiative. Ultimately, Cloudera’s support and platform will be helpful for us to accelerate our data strategy and allow us to continue innovating and grow with efficiency.” .