The Currency of Information: Measuring the Value of Data (Part Four)
The amount of data we now access has grown far faster than the general level of data literacy in companies. Most companies have too much data, it’s stored in too many places, it’s not ‘clean’ and it’s often more confusing than helpful when it comes to what matters – making decisions with it. We need to ensure companies create centralized yet
... See moreTom Goodwin • Digital Darwinism: Survival of the Fittest in the Age of Business Disruption (Kogan Page Inspire)
Gresham’s Law, familiar to most people, states that bad currencies eventually drive good currencies out of circulation. But there’s a corollary to Gresham’s Law, called Thier’s Law, which says that Gresham’s Law applies only to “fiat currencies,” that is, in cases where the government (or some similar authority) decrees that both currencies have... See more
Larry Burns • The Currency of Information: Managing Data as an Asset (Part Three)
The purpose of metadata is not simply to describe data and information assets, but rather to proactively answer questions that consumers might have about them. Where did this data come from? How up to date is it? How trustworthy is it? What business process(es) created it? What business process(es) use it? What transformations or filtering have... See more
Larry Burns • The Currency of Information: Managing Data as an Asset (Part Three)
data needs to be managed for quality, timeliness, consistency, reusability, and business relevance
Larry Burns • The Currency of Information: Managing Data as an Asset (Part Three)
How much are data monetization efforts paying off?