In the world of business, having the right information at the right time can be essential to long-term success. Gathering business data was not always easy or efficient in the past, but modern systems allow businesses to utilize data science in risk management to protect critical assets and prevent losses. World Economic Forum brought this interesting information to our attention in their article, “Why measuring the value of data really matters.”
Current economic and accounting practices are not prepared to measure data’s value contribution because they don’t factor in its unique attributes that make it different than traditional goods and services. Different from commodities, it can be copied and shared infinitely at minimal cost. Savvy business leaders put data to use in a way that translates to an improved bottom line.
Making data accessible and useable is something we know a little about. Whatever you are searching for, it is important to have a comprehensive search feature and quality indexing against a standards-based taxonomy. Data Harmony is our artificial intelligence (AI) suite of tools that leverage explainable AI for efficient, innovative and precise semantic discovery of new and emerging concepts to help find the information you need when you need it.
Melody K. Smith
Sponsored by Data Harmony, harmonizing knowledge for a better search experience.