Artificial intelligence (AI) and machine learning (ML) continue to grow and are expected to contribute significantly to the global economy. According to a PwC report, global GDP could be up to 14% higher in 2030 due to AI — an additional $15.7 trillion.Businesses have taken note of this, an…
“Every company will be a software company.”You’ve probably heard this famous quote countless times — the vision of companies running on software, powered by technology, providing value to their customers via technology-based products; all things digital.Well, this vision has come to life. E…
Insufficient tracking of transformation value often leads to mixed feelings at the leadership level and underutilized change potential.Most of the time, (Cloud) Data & Analytics transformations are initially approved for implementation based on a solid business case with clear return exp…
(US and Canada) If data is at the heart of your business, understanding the quality of data is paramount to your success. In other words, your success is based on how well you manage risk related to data quality. In a highly regulated environment, there are three layers to managing that risk…
The advent of cloud-based technology brings promises of scalability, elasticity, lower costs, rapid deployments, and enhanced compatibility of data technologies. We should add to this list the ability to anchor data governance into the organization “by design” by observing a few data-design …
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The roots of cybersecurity go way back to when it was just about trying to protect organizations against viruses, trojans, and worms. The same viruses attacked all of us, and once we understood the attack, we could figure out ways to prevent it and apply those preventions across the board.Fa…
CLICK TO HEAR: Podcast Interview with Major General John M. Olson, Major General John M. Olson, Chief Data and Artificial Intelligence Officer, U.S. Department of the Air Force, and U.S. Space Force Mobilization Assistant to the Chief of Space Operations, moderated by Steve Wanamaker, CEO, C…
In September 2022, the Global Partnership for Sustainable Development Data launched the #DataValues Manifesto. It includes recommendations for governments, companies, civil society organizations, donors, and others to change how data is funded, designed, managed, and used. This article explo…
Gulp Data allows companies to use their data assets as collateral for loans. This data monetization startup emerged from the need to enable SMEs to tap into their data assets as collateral or as leverage for negotiations. Lauren Cascio, the founder of Gulp Data, set out to prove that data is…
Only 40.5% of organizations report that the CDO/CDAO role is well understood within their organization, according to the 11th annual survey of Chief Data Officers (CDOs) and Chief Data and Analytics Officers (CDAOs), to be published by NewVantage Partners, A Wavestone Company, on January 3, …
As a data and analytics leader with hands-on experience, I am often asked, “What are the key enablers for data and analytics?” Many organizations face challenges in analyzing their data and getting insights from it. The global pandemic has dramatically increased the speed of digitization acr…
Many of us work for organizations that use data to improve sales, operations, or financial performance. It is rare to see industry professionals step up and help not-for-profit organizations. This article is about one such organization, Viz for Social Good, and their work with NPOs who need …
Enterprises collect massive amounts of data today, but about 75% of enterprise data is underleveraged. From an analytics perspective, this means there's vast untapped potential. Hidden within that data may be opportunities for improving revenue, making processes more efficient, or issues wit…
Part III of IIIIn Part I of this series, I addressed how to evolve from data project management to data product management, how to borrow from the traditional product management playbook to do so, and what to look for in a data product manager. Part II examined how to manifest a data product…
What does it mean to be data-driven? A data-driven approach enables companies to examine, collect, organize and leverage their internal and/or external data, serving their customers better. A data-driven organization makes strategic decisions based on data analysis and interpretation at four…
As CDOs, one of our key responsibilities is the strategic use of data in the organization. Our expertise supports the company's efforts to become more economically viable. But at least as important is the establishment of cultural norms that support the whole organization in transformational…
All massive organizations face challenges and opportunities of varying scales and take customer intelligence and experience very seriously. After leaving the core mission work at the National Security Agency, I worked on solving challenging commercial problems at the intersection of digital …
(US and Canada) For several years, I’ve advised my clients — and anyone who would listen — that “training up the organization chart” is the most important job of whoever holds the Top Data Job (TDJ). I find that once stated, most data people readily agree. But the topic doesn’t appear on job…
As people continue to outmaneuver the uncertainty caused by the pandemic, and the current inflation and supply chain environment, companies must build the "next normal". Fortune 1000 corporations strive to use innovative technologies to identify new ways to reach consumers and build enterpri…
To run a successful organization, it’s always been critical to foster a culture based on key tenets like collaboration, transparency and accountability. For the modern data-driven organization, add the principle of data literacy to that list. Simply put, data is the lifeblood of business. Fo…
The roles of Chief Data Officer (CDO), Chief Analytics Officer (CAO), and Chief Data & Analytics Officer (CDAO) are getting more popular by the day. NewVantage Partners’ Data and AI Leadership Executive Survey 2022 found that 74% of the firms it surveyed had appointed chief data or analy…
(Europe) Over the last couple of years, data catalogs have emerged from a “nice to have” data management tool to a key requirement in organizations. Consequently, more and more company partners of the Software Competence Center Hagenberg (SCCH) seek our help in either choosing the most suita…
(US and Canada) Direct-to-consumer businesses that previously relied heavily on Facebook as a way to target and advertise on the social media giant are now starting to realize the perils that resulted from privacy policy changes instituted by Apple. These changes have upended the digital adv…
(Europe) Modern digital marketing and data management are driving increased spending on analytics, but many organizations still struggle with the sheer scale of possible data inputs.Evolving customer experience (CX), expectations and technology combine to create a confusing landscape. That l…
Part II of III(US and Canada) In Part I of this series, I addressed how to evolve from data project management to data product management, how to borrow from the traditional product management playbook to do so, and what to look for in a data product manager. In this next part, let’s take a …
(Brazil) The Brazilian General Data Protection Law (LGPD), unanimously passed in 2018 by both houses of Congress after almost 10 years of multi-stakeholder debates, has become an inspiration for the rest of Latin America. As Sérgio Gallindo commented in the Memory of LGPD docu-series: “LGPD …
The era of borderless data is coming to an end, and far faster than many anticipated. As more nations seek to attain data sovereignty for individual and business privacy concerns, the Information Technology & Innovation Foundation reports that the number of data-localization measures has…
(US and Canada) I have a six-year-old son and he’s a “why” kid. He likes explanations and is constantly seeking to understand the reasoning behind decisions or requests. Not an hour goes by that he isn’t requiring further information before choosing to move forward with the requested task. I…
I have always been fascinated with how products are designed, built, and labeled. A product’s label is like a great dashboard in that it blends design appeal with fact-based information to tell you a story. Tires are no different, except that the product itself must also serve as the label b…
(US and Canada) The past few years have been a tumultuous time in the world of business, and the pandemic changed how companies work, connect, adjust to change, as well as sped up the digital transformation journey for most organizations. New technologies are continuing to emerge and upend b…
Part I of IIICentral to treating data as an asset, data monetization should align with familiar research and development (R&D) and product management/marketing approaches. Not to oversimplify the many challenges and activities involved in monetizing data, certain basic concepts will reap…
(US and Canada) In 1966, The United Nations Educational, Scientific and Cultural Organization (UNESCO) declared September 8 International Literacy Day. Since then, International Literacy Day has been observed annually by the international community in order to “remind the public of the impor…
(US and Canada) For businesses to compete at the highest level, they need to make the most of their enterprise data: honing raw information into insights that can supercharge efficiency, reduce risk and increase revenue growth. But to truly maximize the transformative power of data, it must …
(US and Canada) Ever since I can remember, I have been passionate about data. I am not sure if it is the challenge of solving one big puzzle, or the power and information data gives. But the more I learn, the more I get hooked. When I flashback 25 years ago to my first role in data, I realiz…
There is an ongoing assumption that a data and analytics team is mostly technically oriented. This assumption is reflected in two ways: in a company’s organizational structure, with the team usually reporting to the CIO or the CTO; and in the composition of the team, frequently formed only …
(US and Canada) Data governance is a fundamental building block of any critical initiative. It is a methodical system that designates the who, what, when and how of taking actions with certain information. Data governance prioritizes prudent decision-making and accountability, making it an e…
Ken Clark, Chief Data Officer/Assistant Director, U.S. Immigrations and Customs Enforcement (ICE), speaks with Robert Lutton, Vice President, Sandhill Consultants, about his career trajectory, key influences, and the data strategy implementation at ICE.Clark first served as Director, Chief, …
Implementing a data strategy in a rapidly evolving environment is a difficult task. But those difficulties pile up with the scale and history of an organization. Canadian financial services company Sun Life has been in business for over 115 years. David Atkinson, Vice President of Data and A…
NewVantage Partners' 2022 Big Data and AI Executive Survey of Fortune 1000 firms reported that organizations continue to struggle to become data driven, with only 26.5% reporting to have achieved this goal. An organization becomes data driven when it maximizes the value of data it has, treat…
According to data released in May 2022 by Statista Research, total enterprise data volume is projected to climb from approximately 1 petabyte in 2020 to 2.02 petabytes in 2022 – that’s a 42.2% average annual growth over the two-year period. If you have recently noticed empty shelves at your …
Having just attended the 16th Annual Chief Data Officer Information Quality (CDOIQ) Symposium July 19-21 on the campus of the Massachusetts Institute of Technology (MIT) in Cambridge, MA, it is evident now more than ever, that the Chief Data Officer role stands at a crossroads. It's worth r…
ESG Data Integration Challenges As investors think about integrating Environmental, Social and Governance (ESG) factors into their investment processes and strategies, the most important consideration is how quickly they can gain meaningful insights from ESG data to identify opportunities an…
Data and data-backed analytics, including artificial intelligence and machine learning, are experiencing exponential growth. Businesses are deemed conservative if they have not yet started embracing new trends with data-supported analytics and machine learning. Executives encounter rising pr…
The more I ponder the problem of data, the more I find the human. Today an almighty and ubiquitous technology creates a “there is an app for it” effect, where anything should be possible, simple and affordable, and yet what someone does with that app makes the difference. The more data is pr…
The top three things critical to a business's ability to compete in the market today are a holistic enterprise-wide data strategy, an architecture that helps enable broad access to effective, high-quality data, and a means for maintaining access and governance. And yet, for many organization…
The Internet’s original creators worked on technologies to bind contracts to data. They imagined digital contracts attached to our data everywhere it moves; contracts that assert ownership, record provenance, limit use by others and even revoke access. Had these ideas of binding software to …
The global policy community — including high-level government representatives — turned its attention to the United Nations Conference on Trade and Development (UNCTAD) eCommerce Week in April, which focused on data and digitalization for development. UNCTAD is a U.N. agency supporting 195 co…
There is value in understanding the complexity of all possible permutations that exist amongst data elements. But, the reality is that most business problems require an incredibly narrow focus to achieve optimal business value. So, the critical question is: how do you determine the focus? Us…
Data breaches, hefty fines, and reputational risk are often cited by the health care community as the primary deterrents from sharing and collaborating on sensitive information. While HIPAA and HITECH allow information sharing for diagnostic, treatment, and operational purposes, organization…
The people working in any organization need specific skills, abilities, and knowledge that varies based on their positions. With the rapid pace of technological change, it can be challenging for the staff to keep up. This makes it difficult for the human resources department to match job pro…
Data has become one of the most valuable assets of modern businesses, representing a new way that organizations create value for their business customers and stakeholders. Nonprofits are catching up with their for-profit counterparts, and in their quest to be a data driven organization, are …
Federal Government Leads Best Data Practices: Impacts of FEPA law especially useful to knowledge workers for next few yearsCurrently, all of your knowledge workers handle data, and they have all learned to handle data absent from any consistent method or guidance. In other words, data handli…
The Datasphere Initiative was publicly launched on April 5, 2022, on the occasion of a G7 multistakeholder meeting. Its mission is to build agile frameworks to responsibly unlock the value of data for all. The virtual event brought together almost 300 policymakers, companies, nongovernmental…
When we hear champions of data, one person such as the CDO (Chief Data Officer) comes to mind. Having one person who will and who should champion organizational data has challenges.Some of the challenges with this approach are:Lack of buy-in from across the business teamsOne person leading …
The UK government has started work on plans to revamp data laws in the wake of Brexit. Its “new direction” for data intends to create a “better data protection regime” in the future. So, what does it all mean, and what impact will it have on data handling and those responsible for it? Are th…