The New Fuel of Enterprise Innovation
Data has become essential to businesses that want to innovate, make decisions faster, and increase their bottom line. We often hear of data being called the ‘new oil’ due to its potential value. But it’s only as valuable as its use case and the speed at which users can access it.
Data democratization, or the process of ensuring that data can be safely accessible to the end user, is a necessity for any business looking to gain a competitive edge. The goal of data democratization is to allow non-technical users to access and use data without the laborious, manual processes bouncing around various teams for permission. If data users want to shop for data in one place, the current experience for many enterprises is a half-empty shelf of perished goods, leaving the user with no choice but to knock door-to-door in the neighborhood looking for disparate items.
Collating, accessing, and identifying a use case for data isn’t where it ends. Certifying that data privacy and compliance regulations are being followed is another must for companies that are handling large amounts of personal data, either from clients or customers. There are more compliance updates these days than any one person can grasp, let alone address.
Data has become essential to businesses that want to innovate, make decisions faster, and increase their bottom line. We often hear of data being called the ‘new oil’ due to its potential value. But it’s only as valuable as its use case and the speed at which users can access it.
Data democratization, or the process of ensuring that data can be safely accessible to the end user, is a necessity for any business looking to gain a competitive edge. The goal of data democratization is to allow non-technical users to access and use data without the laborious, manual processes bouncing around various teams for permission. If data users want to shop for data in one place, the current experience for many enterprises is a half-empty shelf of perished goods, leaving the user with no choice but to knock door-to-door in the neighborhood looking for disparate items.
Collating, accessing, and identifying a use case for data isn’t where it ends. Certifying that data privacy and compliance regulations are being followed is another must for companies that are handling large amounts of personal data, either from clients or customers. There are more compliance updates these days than any one person can grasp, let alone address.