Building a Business Friendly Approach to Data Governance
It is fast becoming an imperative for organisations to fuel business intelligence reporting with data that is accurate, consistent and contextual – data with integrity. Data governance is increasingly a key factor in how organisations achieve data integrity, whether it’s to help accelerate confident decision-making and reduce costs or manage risk and comply with complex […]
How to Build a Successful Metadata Management Strategy
Metadata provides crucial information that powers accurate analytics for rich business insights. And an effective metadata management strategy relies on a comprehensive data governance framework. Let’s explore the relationship between the two, and how you can build each strategy for success. First, how is your metadata management strategy interlinked with your data governance framework? When […]
Data Preparation: What it is, and How to Do it Right
“Data preparation is the process of gathering, combining, cleansing, structuring, and organizing data so it can be analyzed as part of data visualization, analytics, and machine learning applications.” Data preparation: who’s doing it, how quickly, and how well? The term “data preparation” itself has evolved as fast as the tools for the task, and those […]
To Ensure Regulatory Compliance, You Need to Trace Data Lineage
When it comes to data, regulatory compliance isn’t easy. Regulations are nothing new in industries like financial services, healthcare, and insurance. But no singular piece of legislation has had the impact of the European Union’s 2018 General Data Protection Regulation (GDPR). The GDPR represents the most aggressive effort yet by governments to formalize, unify, and […]
The Intersection of Data Analytics and Data Governance
Are you suffering from data exhaustion? The symptoms can vary widely, but it generally stems from the unrelenting influx of data and your organization’s continued struggle to define a full-scale strategy to organize, understand and leverage that data for maximum advantage. There’s certainly no shortage of treatment options being marketed; whatever analytics and data management […]
How to Access, Consume, Use, and Act on Your Government Data to Drive Value
As organizations have accumulated data about their customers, prospects, and transactions, they are under increasing pressure to bring order to the otherwise chaotic world of enterprise data. Much of that pressure comes in the form of government data regulations, prompted by widespread concerns about security and privacy of consumers’ personally identifiable information. Equally important is […]
3 Ways Data Governance Can Drive the Bottom Line
Many data governance programs fall short of expectations and even get derailed because they start off with unclear objectives. We see this happen in many companies. A mitigating precipitating event leads top management to declare the need for a data governance program. A team is assembled and gets to work. Eventually, they solicit input from […]
3 Critical Data Capabilities for Your Data Governance Solution
Data is an essential business asset for any organization, regardless of size or industry. There are countless ways organizations can leverage their data assets to gain a competitive advantage and offer greater value. However, regardless of business size, any success hinges upon data consumers fully understanding what data means from a business context and having […]
How are Insurance Carriers Maximizing Their Return on Investment?
The hallmark of business leaders in the 2020s is their capacity to successfully execute digital transformation initiatives. Globally, businesses spent $1.3 trillion on digital transformation in 2020. That number is expected to rise to $2.3 trillion by 2023. For insurance carriers, the primary area of focus has been portfolio and risk realignment, shifting from commoditized […]
Maximizing Data Value through Integrated Data Governance and Data Quality
The costs of bad data have had a significant impact across the business world. As reported by Gartner’s Data Quality Market Survey, poor data is responsible for an average of $15 million in losses annually. These staggering numbers come as no surprise when you consider the massive volumes of data being created, ingested and transformed […]
Industry Analyst Perspective: Data Democratization and AI Drive the Scope for Data Governance
As data democratization, AI, and compliance play increasingly important roles in today’s business world, enterprises are turning to data governance tools and practices to ensure they stay ahead of the potential pitfalls and challenges associated with these trends. At Precisely’s Trust ‘22 Data Integrity Summit, Forrester Principal Analyst Achim Granzen outlined key trends accelerating the […]
The Roadmap to Data Success: Embracing a Data Catalog
Data governance is important so business users can leverage data assets. An important tool to help them organize and use data is a data catalog. When seeking a competitive advantage, organizations must turn big data into actionable insights. However, as data being collected, shared, and deployed at today’s rapid pace, IT is often the only organizational […]