The world of data and analytics is evolving at a pace unseen in recent history, with major talent implications for organizations. Digital innovation is sweeping across industries and creating opportunities for companies to leverage data as a source of competitive advantage. DATAVERSITY brought this interesting topic to our attention in their article, “Data Strategy vs. Data Architecture.”
With strong data leadership there must be a data strategy. The ability to manage torrents of data is critical to a company’s success. Cross-industry studies show that on average, less than half of an organization’s structured data is actively used in making decisions and even more surprising, less than 1% of its unstructured data is analyzed or used at all.
Many organizations have attempted to create highly centralized, controlled approach to data and information architectures. Master data management can be effective for standardizing enterprise data. They also can inhibit flexibility, making it harder to customize data or transform it into information that can be applied strategically.
Melody K. Smith
Sponsored by Data Harmony, a unit of Access Innovations, the world leader in indexing and making content findable.