Thought leadership & insights
If data is the new corporate currency, why focus on digital transformation?
“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)
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. With data growing so fast, and it being a
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
The UK’s National Data Strategy – A Data Asset Management View
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 Ørsted Story
“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 shake-up like never before.
To Manage Data As An Asset, You Need To Know What Kind Of Asset Data Is
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
Why You Should Be Treating Your Data As An Asset
Data is everywhere. Data is revolutionising business, changing the way organisations work, the services they offer and the decisions leaders make. This trend is obvious in born digital businesses like Netflix, Amazon and Uber. Their data is used to make recommendations, manage inventories or match capacity (drivers) to demand (passengers). For many businesses, data has become the lubricant that allows
How Could Your Data Be Valued As An Asset?
Data is often talked about as a lake – organisations are either building or sitting on data lakes, but the problem with this analogy is that not all data in the lake is equally valuable. From a valuation perspective it is much better to think about data pools. Independent data assets – that may be combined into larger pools –