What happens if you don’t have data governance?

Earlier this month, Data Governance coach, Nicola Askham published a piece entitled Why you need data governance. In the piece she observed that the driver for data governance is shifting from defensive drivers such as compliance to offensive drivers enabling revenue. Nicola describes how data management activities – such as data quality and master data…

Data Quality tools are essential

Selling the steak – not the sizzle….

Consider this figure: $136 billion per year. That’s the research firm IDC’s estimate of the size of the big data market, worldwide, in 2016. This figure should surprise no one with an interest in big data. But here’s another number: $3.1 trillion, IBM’s estimate of the yearly cost of poor quality data, in the US…

cash flow

Data quality leads to cash flow optimisation

Effective cash flow is essential for business survival, as it promotes liquidity and enables an organisation to meet its short-term debt or credit demands. Although it is often perceived to be a finance issue, the reality is that cash flow optimisation is an operational issue, since it requires coordination across the organisation. Cash flow optimisation…

head in the sand

Why are banks struggling to implement big data?

This was the topic I was asked to cover at the second annual Big Data and Analytic conference in Johannesburg earlier in July. Of course, the event targeted Southern African banking and insurance representatives and my focus was on our market. I do not work for a bank, although we have a number of banking…

jacob zuma

A triumph for governance

Last week’s judgement, by the South African constitutional court, that President Jacob Zuma acted unlawfully in his responses to the Nkandla scandal, are a triumph for good governance. I am often asked what data governance will cost. The Nkandla scandal has been dragging on for nearly seven years. The initial public protector’s investigation,  and the…

Information Hierarchy

Quality data gives better, bigger insights

In “The small print: You’re going to have to clean up all that big data“, data scientist and Datameer CEO, Stefan Groschupf, debunks the popular big data myth that garbage in big data sources can be ignored and still deliver good quality insights. In fact, Stefan points out that the exponential growth of both data…