Thought leadership & insights
Data Culture In Three Components
Does your organisation have a data culture? The amount of data has exploded in the last decade. Ever more organisations have started their journey to becoming data-driven and utilising data to make better decisions more often. As a result, organisations recognise that fostering a data culture is vital and are starting to ask what “good” looks like. Today, every organisation
Data Quality vs Data Condition: The Power of Context
Context is everything. Facts, events, statements, and statistics without proper context have little value and only lead to questions and confusion. This is true for life in general, but it’s especially applicable to the data you use to power your business. Data without context is just meaningless noise, and any effort to improve or extract value from your data without considering the
Why Focus On Digital Transformation, If Data Is The New Corporate Currency?
“Data is the new corporate currency” This phrase is regularly thrown around but most organisations are not connecting the dots, failing to see their data as a tangible asset in order to help their digital transformation efforts succeed. While businesses are happy to make investments in their underlying technology to become more data-driven, they could fail to realise an ROI
Managing Data As An Asset Is Inevitable (And Essential)
Managing Data As An Asset – A New Approach We all know that the daily amount of data generated is astounding, more than 25 quintillion bytes (that’s 30 zeros) according the World Economic Forum. A number that’s grown 10X since 2018. Every business relies on data for better decision-making. It underpins investment decisions, M&A deals, performance metrics and performance reporting.
The National Data Strategy Expert Roundtable
On the week of 16th November, a select group of experts – all data leaders in leading public, private and academic institutions – came together to discuss the National Data Strategy. This article summarises the key points of discussion and consideration for those concerned with the strategy. The National Data Strategy sets out the UK Government’s ambition for data. It
Different Data Valuation Methodologies | The Pros & Cons
Data Valuation Methodologies Keep Evolving The oldest mathematical objects ever to have been found were bones of baboons with clearly defined notches between 25,000 and 35,000 years ago. While there are many theories as to what these notches represented, some believe that these are the earliest records of humans recording numerical data. Perhaps these marks signify that humans have understood
UK National Data Strategy | Treating Data As A Strategic Asset
The UK’s National Data Strategy has been published for public consultation. We welcome it, especially its endorsement of treating data as a strategic asset. We believe in the power of data-driven decisions to make people’s lives better, be they customers, employees, suppliers, shareholders, local communities or future generations. That’s why our purpose is to enable organisations to get the best return from
Why Data Is Essential For The Big Oil Transformation
The Big Oil Transformation “This is a very bleak year, but I am more confident than ever for the clean energy transition.” Those are the words of the International Energy Agency’s Executive Director, Faith Birol, speaking in 2020. The IEA figurehead recognises that the landscape that once favoured fossil fuel providers so well has changed. Big Oil is facing a
Understanding Data As An Asset | What Kind Of Asset Is Data?
Everyone says data is an asset, but few know what kind of asset data is Data assets are talked about a lot, but few really understand what kind of asset data is. When you do understand it, you realise why most people don’t, and how we, the data community, can help them. The word “economy” comes from the Greek roots
The Role of Data Governance During A Pandemic
Data governance – who’s counting? 858 212. About the population of Reunion**, and the gap between the WHO’s and John Hopkins’ total confirmed cases of COVID-19 worldwide**. On the 29th of October 2020, the WHO reported 44,002,003 confirmed cases. Worldometer which John Hopkins base their figures on, reported 44,860,215 cases. 858,212 is a big number – a whole island. The
Resources
A Guide To Data Valuation
A Guide To Data Asset Management
A Guide To Data Condition
A Guide To Data Governance
A Guide To Data Management
A Guide To Data Quality
Insights
Data culture in three components
Data quality vs data condition: the power of context
Why managing data as an asset is inevitable
Different data valuation methodologies
Measuring the value of intangible assets
Data valuation – what is your data worth?