The explosive growth of information has been the defining characteristic of our era, the Age of Information. The amount of data, the number of data sources, the uses for data, and the routes that data travel have all been growing at an exponential rate, creating new industries for defining, processing, collecting, accessing, and curating information. In such an environment, … [Read more...] about What is Information Governance? Why Do I Need It?
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Ontology: A Tree or a Forest What do You Need?
Last month having written about Taxonomies, I thought I would spend time understanding Ontologies as the word popped up a lot associated with Taxonomies. The challenge became how to explain the use of a word Ontology that is mostly used in academic and data scientist circles. Whereas the term Taxonomies is mostly used commercially in business. Recap Taxonomy the hierarchical … [Read more...] about Ontology: A Tree or a Forest What do You Need?
What Have We Here? Inventory Management in the 21st Century
We are awash in data. Individually and as companies, we are faced with more and more information every day. On the one hand, this has opened up the world and given us details and choices that heretofore we could not have imagined. It has given us access. On the other hand, that same information can be like water spewing forth from a dam. Unchecked, it has the power to drown us. … [Read more...] about What Have We Here? Inventory Management in the 21st Century
Data Valuation: Is Your Big Data Worth Zero or Trillions?
Almost every entity is, or is becoming, a digital enterprise. Todays information economy mandates nothing less. Entities are making tremendous investments in order to exploit the vast amounts of data Big Data that are constantly being generated by the Internet of Things (IoT), social media platforms, websites, and other sources. As confirmed by a recent Capgemini EMC Big Data … [Read more...] about Data Valuation: Is Your Big Data Worth Zero or Trillions?
What is the Value of a Megabyte?
According to Forrester Research the term Big Data leads to major confusion. Big Surprise! But what do the leading dictionaries have to say about Big Data? Data sets that are too large and complex to manipulate or interrogate with standard methods or tools. Oxford Dictionaries vs An accumulation of data that is too large and complex for processing by traditional database … [Read more...] about What is the Value of a Megabyte?
