Smart Data Collective

OCTOBER 4, 2023

Unfortunately, many are struggling to use data effectively. One study found that only 30% of companies have a well-articulated data strategy. Another survey showed only 13% of companies are meeting their data strategies’ goals. The good news is that data strategies can be more effective with the right tools.

Data-driven 125

Data-driven Advertising Data Collection Data Strategy 125

Rocket-Powered Data Science

JULY 13, 2023

Beyond the early days of data collection, where data was acquired primarily to measure what had happened (descriptive) or why something is happening (diagnostic), data collection now drives predictive models (forecasting the future) and prescriptive models (optimizing for “a better future”).

Analytics 167

Analytics Machine Learning Data Science Data Collection 167

DataKitchen

JUNE 24, 2021

So we really prioritized the data that we thought had the biggest chance of delivering success in the end. Chapin also mentioned that measuring cycle time and benchmarking metrics upfront was absolutely critical. “It Before we jump into a methodology or even a data strategy-based approach, what are we trying to accomplish?

Metrics 211

Metrics ROI Measurement Cost-Benefit 211

Smart Data Collective

SEPTEMBER 4, 2020

Google has shown how to use big data effectively for decision-making , but many other companies don’t understand the principles to follow. Far too many businesses fail to develop a sensible data strategy, so their ROI from their data collection methodologies is often subpar. Guide to Creating a Big Data Strategy.

Data-driven 106

Data-driven Big Data Metrics Strategy 106

Cloudera

AUGUST 6, 2021

Like most labels, “data-driven” is not a binary, black and white measure of capability. In reality, organizations live on a continuum, varying in how sophisticated their data is and the extents to which it influences management decisions. . Data Strategy. Data and decision culture. Conclusion.

Data-driven 105

Data-driven B2B Data Strategy Strategy 105

CIO Business Intelligence

OCTOBER 4, 2022

For the CIO to be successful with this, there needs to be a comprehensive strategy that extends far beyond simply deploying new technologies. Many CIOs are now working with an IT environment that can deliver a modern data strategy but are struggling to unlock the full potential. 4) Use data to build new revenue streams.

Cost-Benefit 105

Cost-Benefit Strategy Digital Transformation ROI 105

IBM Big Data Hub

FEBRUARY 9, 2023

Technology and data architecture play a crucial role in enabling data governance and achieving these objectives. Focus and prioritize what you’re delivering to the business, determine what you need, deliver and measure results, refine, expand, and deliver against the next priority objectives. Don’t try to do everything at once!

Data Governance 76

Data Governance Business Objectives Data Quality Measurement 76

Smart Data Collective

DECEMBER 21, 2022

Data that is unsystematic and includes unnecessary information can not only needlessly strain IT systems but can also attract cyber attackers who seek out weaknesses in network infrastructures. Tips for successful data cleansing. Data cleansing isn’t a one-time activity.

Business Analytics 130

Business Analytics Analytics Big Data Data Quality 130

Sisense

JULY 23, 2021

We’ve had a growing realization that we need to measure the Games more precisely so that we can manage it more effectively going forward,” Chris says. Our Olympic Games Executive Director Christophe Dubi has a very strong belief in the notion that we can’t properly manage an Olympic event unless we can measure it.”.

Unstructured Data 105

Unstructured Data Internet of Things Data-driven Data Processing 105

Cloudera

SEPTEMBER 8, 2021

CDOs are under increasing pressure to reduce costs by moving data and workloads to the cloud, similar to what has happened with business applications during the last decade. Our upcoming webinar is centered on how an integrated data platform supports the data strategy and goals of becoming a data-driven company.

Data Lake 79

Data Lake Enterprise Data-driven Data Strategy 79

IBM Big Data Hub

MAY 28, 2024

While every data protection strategy is unique, below are several key components and best practices to consider when building one for your organization. What is a data protection strategy? Its principles are the same as those of data protection—to protect data and support data availability.

Strategy 81

Strategy Measurement Risk Cost-Benefit 81

IBM Big Data Hub

MARCH 26, 2024

While ESG seeks to provide standard methods and approaches to measuring across environmental, social and governance KPIs, and holds organizations accountable for that performance, sustainability is far broader. How is sustainability managed—as an annual measuring exercise or an ongoing effort that supports business transformation?

Measurement 60

Measurement Metrics Strategy Reporting 60

Alation

DECEMBER 15, 2021

Modern business is built on a foundation of trusted data. Yet high-volume collection makes keeping that foundation sound a challenge, as the amount of data collected by businesses is greater than ever before. An effective data governance strategy is critical for unlocking the full benefits of this information.

Data Governance 52

Data Governance Strategy Metadata Data Strategy 52

Alation

AUGUST 26, 2021

Data intelligence first emerged to support search & discovery, largely in service of analyst productivity. For years, analysts in enterprises had struggled to find the data they needed to build reports. This problem was only exacerbated by explosive growth in data collection and volume. Data lineage features.

Metadata 64

Metadata Data Governance Dashboards Software 64

Alation

SEPTEMBER 9, 2021

Banks collect and manage a lot of sensitive data. And, the data collection doesn’t stop there — rich insights like transactions and purchasing information help to round out customer profiles. Identifying structured and unstructured data that needs to be protected. Tagging data types. Profitability.

Data Governance 52

Data Governance Data Strategy Strategy Unstructured Data 52

Occam's Razor

APRIL 15, 2019

Sadly still, negative data to the person/team receiving it. A decade ago, data people delivered a lot less bad news because so little could be measured with any degree of confidence. In 2019, we can measure the crap out of so much. It also results in a depressing existence for data people. Why be hurtin’?

Measurement 80

Measurement Strategy Data Processing Uncertainty 80

Alation

NOVEMBER 11, 2021

Let’s take a look at some of the key principles for governing your data in the cloud: What is Cloud Data Governance? Cloud data governance is a set of policies, rules, and processes that streamline data collection, storage, and use within the cloud. This framework maintains compliance and democratizes data.

Data Governance 52

Data Governance Data Quality Metrics Metadata 52

IBM Big Data Hub

AUGUST 7, 2023

It offers enhanced capabilities to analyze complex and large volumes of comprehensive recruitment data to accurately forecast enrollment rates at study, indication, and country levels. A mitigation plan facilitates trial continuity by providing contingency measures and alternative strategies.

Optimization 55

Optimization Forecasting Data-driven Statistics 55

Occam's Razor

APRIL 29, 2013

Marketer, is not spent with data you''ll fail to achieve professional success.]. Many used some data, but they unfortunately used silly data strategies/metrics. And silly simply because as soon as the strategy/success metric being obsessed about was mentioned, it was clear they would fail. You'll get fired.

Marketing 166

Marketing Metrics Advertising Measurement 166