Climate change is no longer a distant threat but a present reality that's reshaping the insurance landscape across the United States. A recent New York Times investigation revealed that the impact of climate change on the US home insurance market is far more severe and widespread than previously thought, potentially affecting every homeowner in the country
Read MoreData Quality: Plan for Resistance
As organizations rush headlong into digital transformation initiatives, a critical factor often gets overlooked: data quality and the resistance to support ongoing data quality efforts. In the race to implement cutting-edge technologies and overhaul business processes, many companies fail to recognize that the success of these efforts hinges on the accuracy, completeness, and reliability of their underlying data. This oversight can lead to disastrous consequences, undermining the very goals that digital transformation aims to achieve.
Read MoreData Literacy: The $100 Million Insurance Policy You're Probably Ignoring
In boardrooms across the globe, executives are gleefully signing off on multi-million-dollar investments in data infrastructure. Big Data! AI! Machine Learning! But here’s the inconvenient truth they’re overlooking. Without a data-literate workforce, these shiny new toys are as useful as a Ferrari in a traffic jam.
Read MoreChange Management in Data Projects: Why We Ignored It and Why We Can't Afford to Anymore
For decades, we've heard the same refrain: “Change management is crucial for project success.” Yet leaders have nodded politely and ignored this advice, particularly in data and technology initiatives. The result? According to McKinsey, a staggering 70% of change programs fail to achieve their goals. So why do we keep making the same mistake, and more importantly, why should we care now?
Read MoreData Storytelling: Transforming Insights into Action With 2 Case Studies
The ability to craft compelling narratives from complex information is a superpower. Working with graduate students across various sectors, I help communicate how effective storytelling can bridge the gap between data teams and business leaders. Let's explore how to master this art and avoid common pitfalls.
Read MoreBusiness and Technology Strategy Must Learn to Harmonize
The buzz around data and artificial intelligence (AI) often overshadows a fundamental truth: the core of any successful endeavor remains distinctly human. As businesses navigate the complexities of the digital age, the importance of human insight, empathy, and value-driven strategies becomes increasingly evident.
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Taxonomy v Folksonomy
The concepts of taxonomy and folksonomy hold significant implications, especially in the context of emerging technologies like OpenAI. While traditional taxonomies offer structured hierarchies of knowledge, allowing for a systematic approach to information organization, folksonomies represent a more fluid and emergent way of categorizing information based on user-generated tags and metadata.
However, the challenge arises when technological advancements fail to incorporate divergent thinking and promote groupthink through convergent taxonomies. This phenomenon is particularly evident in language models, where developers' linguistic and cultural biases can influence the interpretation and representation of (the dominant) language.
Read More6 Myths and Misconceptions about Data Projects
As I considered how to promote my new book on driving data projects, I wanted to include myths and misconceptions that reinforce their value. I have experienced many of these in teams I’ve worked on or with. Data projects are not a static set of routines. It's a constantly evolving, open-to-innovation process.
Only 54 percent of organizations fully understand the value of project management, according to PMI's Pulse of the Profession™ report. That might explain, in part, why project success rates are so low: Less than two-thirds meet their original business intents.
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Data Projects: Tips and Challenges
As we continue to drive data projects, familiar challenges begin to present themselves. By observing, we can become better diagnosticians of systemic issues. Learn what to avoid and how to navigate them better.
Read MoreResistance mitigation strategies
Change management wouldn’t be so hard if it weren’t for…the people. Open issues or objections left unresolved today cost time down the road. Suppose work starts before these concerns are mitigated. Stakeholders might get frustrated or begin to hold back their participation. Work produced might have difficulty getting implemented. Buy-in realizes impact.
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