In the Information Age, data has become a valuable currency driving innovation, decision-making and societal progress. As the volume of data continues to soar, organizations are turning to open data and adopting sophisticated data management practices to derive meaningful insights. Formtek brought this interesting information to our attention in their article, “Open Data and Data Management: How They Can Transform the World.”

Open data encompasses a wide range of datasets, including government records, scientific research, and business data. The principle behind open data is to make information transparent and accessible, fostering collaboration, innovation and accountability. Governments, non-profits and businesses are increasingly recognizing the potential of open data in addressing complex challenges and driving positive change.

Effective data management begins with ensuring the quality of the datasets. This involves cleaning and validating data to eliminate errors and inconsistencies. Maintaining high-quality open data builds trust among users and enhances the reliability of subsequent analyses.

Open data and effective data management form a powerful partnership that can drive innovation, collaboration and transparency. By making information freely accessible and implementing robust data management practices, organizations can unlock the full potential of data, driving positive change across diverse sectors. As we navigate the data-driven future, the collaboration between open data initiatives and sound data management principles will continue to shape the way we address global challenges and foster a more interconnected and informed world.

At the heart of it, content needs to be findable; 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. We help you find the information you need when you need it.

Melody K. Smith

Data Harmony is an award-winning semantic suite that leverages explainable AI.

Sponsored by Data Harmony, harmonizing knowledge for a better search experience.