The transition from traditional spreadsheets to sophisticated data management and analysis algorithms represents a significant evolution that has revolutionized how businesses process and leverage information. Algorithms have reshaped the landscape of data-driven decision-making. Facebook's filter bubble is an early example of a machine learning system individualizing the user experience based on user patterns.
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Until an organization is willing to invest in its data capabilities, aligning data resources to answer complex business questions will be like riding a bicycle to chase a Formula One racer and never catching up. Scoping project opportunities well is about building enough trust to eventually scale resources. While a single project manager can accomplish some initiatives, most data projects require multi-disciplinary resources to execute.
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Book Excerpt: While a fully funded budget that supports data as a service is an integral part of a data transformation’s financial picture, few are fully staffed or funded. Three-quarters of executives confirm their organization now has some form of data strategy (however rudimentary), but a paltry 16% say they have the skills and capabilities necessary to deliver it.[1] Even though the average staffing budget is growing yearly, finding the skills and capabilities to execute data projects is becoming harder and harder.
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Book Excerpt: Data has traditionally been managed by a combination of information technology (IT), Operations, and Finance. Over the last ten to fifteen years, the chief data officer (CDO) role has come onto the executive scene. While not yet a universal title, the role of the CDO started by reporting through these functions and is beginning to be considered separate.
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