Tag "business value"
In the early days of data governance, the main driver was regulatory: being able to certify that an organization knows where its critical data assets are, has defined ownership for those assets that can attest to their validity, and ultimately avoid risks and fines. As data governance has evolved, however, it has become much more... more
For the last few years, most conferences I have been to have had a common theme: Digital Transformation. The clear message that comes from analysts, influencers and industry alike is that we are currently in the midst of the biggest transformation in corporate history. The transformation is digital in nature – and data is the... more
After many years of data making the headlines in business and popular media alike, data is finally making inroads in terms of corporate priorities too. Informatica’s CEO, Anil Chakravarthy, has identified the next evolution of data management with data as the new control point. It is becoming clear that organizations that take a strategic approach... more
Financial institutions need to be able to express the impact of data issues to fully understand how big an issue they really are. Let me explain. What do we mean by ‘Impact’? A recent engagement I had with a financial institution made me realise that many organisations have issues regarding their data but are lacking... more
As I browsed my BBC app a few weeks ago, I ran into this article about environmental contamination of oil wells in the UK, which were left to their own devices. The article explains that a lack of data and proper data management is causing major issues for gas and oil companies. In fact, researchers... more
Years ago, I was on a project to improve production and product quality through data analysis. During the project, I heard one man say: “If I had my way, I’d fire the statisticians – all of them – they don’t add value”. Surely not? Why would you fire the very people who were employed to make... more