Top 5 Data Mining Techniques
Each of the following data mining techniques cater to a different business problem and provides a different insight. Knowing the type of business problem that you’re trying to solve will determine the type of data mining technique that will yield the best results. In today’s digital world, we are surrounded with big data that is […]
Data Governance in the AI Era: A Conversation with Data Governance Coach Nicola Askham
Key Takeaways: Data governance has transitioned from a regulatory necessity to a strategic asset that enhances innovation. Robust data governance supports AI applications, ensuring data is AI-ready, and facilitating sound AI governance practices. You need data integrity – accurate, consistent, and contextualized data – to build trust in AI applications and improve overall decision-making processes. […]
From the Boots of a Former CDO
Jean-Paul Otte recently joined Precisely as Head of Data Strategy Services for Europe. His specialty? Data! Jean-Paul sat down for an interview where we discussed his background as a former CDO, the challenges he faced, and how he developed his unique perspective and data governance expertise. Hello Jean-Paul, could you tell us a little about […]
Trust Your Data: Building a Culture of Data Integrity
Data professionals typically regard their area of expertise as fitting squarely within the domain of hard science. After all, it’s centered around knowable facts. Even subjective information, such as customer satisfaction metrics, is ultimately rooted in a fact-based understanding of quantifiable human reactions to a product or service. It should presumably be relatively easy to […]
Solving Complex Telecom Challenges with Data Governance and Location Analytics
The competition for subscribers is fierce. Telcos constantly seek innovative new ways to gain market share, increase efficiency, improve service, and optimize network investments. For instance, telcos are early adopters of location intelligence – spatial analytics has been helping telecommunications firms by adding rich location-based context to their existing data sets for years. You need […]
The Role of Technology in Making Data-Driven Strategic Decisions
As organizations scramble to tap into the immense value of all the data available to them, they also struggle with a growing set of challenges in order to make data-driven decisions using data governance. In today’s digital economy, data-driven decisions are rapidly becoming the norm. According to a 2023 survey by Drexel University’s LeBow College of […]
Data Governance Trends for 2024
In today’s highly digitized world, data is a strategic asset. It’s no longer sufficient to extract value from your data opportunistically. To remain competitive, you must proactively and systematically pursue new ways to leverage data to your advantage. As the value of data reaches new highs, the fundamental rules that govern data-driven decision-making haven’t changed. […]
Data Governance vs Data Catalog: What’s the Difference?
The umbrella term data management covers distinct tasks, enabling a business to preserve, sustain, and extract value from data. With various disciplines comprising data management, there is often confusion on what many deem as interchangeable terms. Some examples include: data quality vs data integrity, data governance vs data catalog, metadata management vs master data management, […]
Why Spatial Data Governance is Critical to Your Business Strategy
When speaking to organizations about data integrity, and the key role that both data governance and location intelligence play in making more confident business decisions, I keep hearing the following statements: “For any organization, data governance is not just a nice-to-have! “Everyone knows that 80% of data contains location information. Why are you still telling […]
The Role of Data Lineage Tools in Business
Struggling to know how data enters the organization, where it exists or transforms as it travels through different processes and systems, data leaders coined the data lineage term to visualize data’s heritage from a dependency perspective (order). Data lineage tools documents data’s origins, movement, uses, and any changes during its journey. Data lineage allows organizations […]
Master Data Management: Common Misconceptions You Should Know
When most people think of master data management, they first think of customers and products. This is logical, as the core mission of any company is to develop products and services, find the right customers, and consistently deliver excellence. But master data encompasses so much more than data about customers and products. It includes information […]
Following the Roadmap to Better Data Governance
Data governance is no trivial undertaking. When executed correctly, data governance transitions businesses from guesswork to data-informed strategies. For those who follow the right roadmap on their data governance journey, the payoff can be enormous. When it’s done correctly, data governance can mean the difference between effective data-driven decision-making versus flying blind. The Emerging Business […]