Data democratization is the ongoing process of enabling everybody in an organization, irrespective of their technical know-how, to work with data comfortably, to feel confident talking about it and therefore make data-informed decisions and build customer experiences powered by data. This interesting news came to us from Venture Beat in their article, “How semantic-based knowledge graphs accelerate the value of data lakes.”
Democratizing data and generating insights have never been more important to achieving a competitive advantage. Whether performing advanced analytics to drive decision-making or modeling complex relationships against big data, organizations that do it right see rewards across all areas of the business, from improved customer experiences to greater revenue and a stronger bottom line.
Even though we’ve come a long way, many organizations still take an ad hoc approach, where IT owns some or all the data. This process creates roadblocks for business analysts because they can not easily access and use the data to make data-driven business decisions.
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, the intelligence and the technology behind world-class explainable AI solutions.