For many of today’s largest companies, the ability to get the most out of their data has become a top priority.
However, turning data into insights is easier said than done. Organizations need a data intelligence engine that harnesses the power of their data, ensures it can be trusted, and enables data consumers to get the right data at the right time.
The DBTA held a webinar featuring John O’Brien, Principal Consultant and CEO, Radiant Advisors and Ryan Glasunow, Senior Director and Lead Data Governance and Privacy, Informatica who discussed how Informatica’s Data Management and Catalog Service can leverage data management software to deliver business value.
O’Brien described basic data management principles for improving data culture within a business. This includes enabling the users’ data journey, building trust through understanding, and building trust to be actionable.
Provide people who work with data with the ability to quickly understand and build the confidence needed to take advantage of it. Capture and share as much information about the data as where it came from, how it was transformed, and how it is used. People need to feel personally safe using data in the appropriate context, compliance, and validation processes.
Principles in data management include data engineering, data quality, and data governance to energize people to work with data in order to gain insights and make better decisions faster.
Connect with the journey of data workers to learn how they need to build trust through data transparency and trust through collaborative governance to share actionable information.
Building a data culture takes time and ongoing support with a thriving community of support to extend it to everyone and data in the organization.
Empowering your teams to make data-driven decisions requires access to the right data at the right time. Glasono said CDOs have been involved in proving that data sharing is particularly difficult. According to Forbes, “…data governance cannot be about bureaucracy. It must be value-based and agile.”
That’s why companies need to change their way of thinking from risk and compliance to value creation. Cloud data and catalog management enhances cloud modernization, analytics governance, and data democratization.
Make sure your move to the cloud contains data that you can trust, Glasuno said. Enabling reliability in results from cloud self-service analytics and artificial intelligence. Empower your expanded community of data consumers.
Informatica offers a solution called Cloud Data Marketplace. This is a native cloud storage interface, with order management and controlled delivery capabilities where you can aggregate data assets from any data source and easily ensure that data consumers can shop for data and AI models. Teams can quickly fulfill their orders, track orders, data usage, and more.
An on-demand archived replay of this webinar is available here.