Data is the asset that businesses are gathering critical insights on to improve business performance. But who will glean insights? Who will process all the collated raw data? Everything is done either by a data analyst or a data scientist. While data analysts and data scientists both work with data, the main difference lies in what they do with it.
How can businesses know that their digital performance improvements are good enough to keep them ahead of the competition? Too much data, imperfect data and lack of access to data are all challenges that hide the insight and intelligence needed.
Data analysts examine large data sets to identify trends, develop charts and create visual presentations to help businesses make more strategic decisions. Data scientists, on the other hand, design and construct new processes for data modeling and production using prototypes, algorithms, predictive models and custom analysis.
In this world of big data, basic data literacy—the ability to analyze, interpret, and even question data—is an increasingly valuable skill.
Fundamentally, the information assets for organizations are what drive the potential for that organization to succeed. How we produce the highest quality information and how we assess information quality comes down to the workflow – the process by which we move information from generation to dissemination.
Every industry utilizes technology in varying degrees. Even with the digital transformation being realized everywhere, there are still some areas that need to reprioritize their technological approaches.
Data has depth and layers. Its value, meaning and protection requirements shift depending on the circumstances in which it is obtained and used. At the end of the day, however, data is only as valuable as the insights that can be extracted from it.
Making data accessible 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. Choose the right partner in technology, especially when your content is in their hands. Access Innovations is known as a leader in database production, standards development, and creating and applying taxonomies.
Melody K. Smith
Sponsored by Access Innovations, changing search to found.