You wouldn’t build a house without a concrete foundation. So why are many technology leaders attempting to adopt GenAI technologies before ensuring their data quality can be trusted? Reliable and consistent data is the bedrock of a successful AI strategy. Incomplete or inconsistent data prompts GenAI models to propose equally unreliable outputs, calling the basic […]
Why Selecting the Appropriate Data Governance Operating Model Is Crucial
To embark on data governance in an enterprise that spans divisions and diverse stakeholders, a well-defined operating model plays a vital role in achieving expected business benefits. Data mesh is a new concept that encourages data democratization within an organization in a decentralized way by promoting data products. Unlike the vintage architecture, which is centralized, data mesh […]
Data-Driven Defense: AI as the New Frontier in Business Security
Major business setbacks due to risk management failures happen every year. They are also some of the costliest, adding up to millions of dollars in regulatory fines, lawsuits, payouts, and lost brand value. Leaders want to avoid these types of issues and rely on sound internal data management to mitigate risk and maintain confidence and […]
Ask a Data Ethicist: How Can We Address the Ethics of Reusing Data?
Reusing data is a fundamental part of artificial intelligence and machine learning. Yet, when we collect data for one purpose, and use it for other purposes, we could be crossing both legal and ethical boundaries. How can we address the ethics of reusing data? Understand Your Data Before we address the issue of reuse, we […]
The Cool Kids Corner: Equity and Privacy
Hello! I’m Mark Horseman, and welcome to The Cool Kids Corner. This is my monthly check-in to share with you the people and ideas I encounter as a data evangelist with DATAVERSITY. This month, we’re talking about personal identifiable information (PII) and the privacy of that data, but also about ways organizations use personal data […]
How to Ensure Data Quality and Consistency in Master Data Management
In the digital age, organizations increasingly rely on data for strategic decision-making, making the management of this data more critical than ever. This reliance has spurred a significant shift across industries, driven by advancements in artificial intelligence (AI) and machine learning (ML), which thrive on comprehensive, high-quality data. This evolution underscores the importance of master […]
World Backup Day Is So 2023 – How About World Data Resilience Day?
Instead of celebrating World Backup Day 2024 for accomplishing another year of successful backups, I recommend using it to look forward to a year of testing recovery. Instead of starting data protection strategies by planning backups, organizations should flip their mindset and start by planning recovery: What data needs to be recovered first? What systems […]
Debunking Cloud and Cloud Migration Myths
Many companies hesitate to migrate to the cloud for a variety of valid reasons. However, these migration concerns are often based on misconceptions that keep companies from realizing the financial and operational benefits of the cloud. The following blog post addresses some of the myths around the public cloud, including cost control obstacles, compliance shortfalls, […]
The Rise of Generative AI in Insurance
The global market for artificial intelligence (AI) in insurance is predicted to reach nearly $80 billion by 2032, according to Precedence Research. This growth is being driven by the increased adoption of AI within insurance companies, enhancing their operational efficiency, risk management, and customer engagement. Despite widespread integration of AI in the industry today, its full […]
Ask a Data Ethicist: What Data Is OK to Use to Prompt ChatGPT?
Millions of people are using ChatGPT on a regular basis to assist them in both personal and professional capacities. This month’s question centers on the data used to prompt ChatGPT. Our reader, who shared that they are an ESL speaker, would like to know if it’s ethical to have ChatGPT create summaries of information (specifically, […]