The modern business marketplace is a data-driven environment. The role of data is to empower business leaders to make decisions based on facts, trends and statistics. But with so much information out there, business leaders must be able to sift through the noise and get the right information to inform their decisions about strategy and growth. CMS Wire brought this topic to our attention in their article, “What Does Your Data Do For You?“
Data volume grew from 18 zettabytes in 2016 to 64.2 zettabytes in 2020 and is predicted to reach 181 zettabytes by 2025. For companies large and small, their future depends on using this data effectively. Many companies feel they lack maturity or actionable understanding to be able to use data effectively.
Value and responsibility are often seen as being on opposite sides of the spectrum. These challenges stymie innovation and leave us falling short on the promise of data-driven innovations.
One challenge is achieving findability, and that happens with a strong, standards-based taxonomy. Data Harmony is our patented, award winning, artificial intelligence (AI) suite that leverages explainable AI for efficient, innovative and precise semantic discovery of your new and emerging concepts.
Melody K. Smith
Sponsored by Data Harmony, harmonizing knowledge for a better search experience.