Data is the currency of digital transformation.
In today's digital world, businesses need to deal with a huge amount of data - and this number is still growing. Data is not new, but it is now growing at an unprecedented pace and comes in many types, and the best way to categorise it will likely depend on the application or business model at stake.
Data analysis is a process of inspecting, transforming, and modeling data with the goal of discovering useful information, suggesting conclusions, and supporting decision-making. Data and analytics play a key role in transforming operations by unleashing process improvements.
In the Data 1.0 era, data was held in specific applications and began to be used in business processes. Now with Data 2.0, data is being used as the fuel for digital transformation, enabling new business models and better decisions. Reliable Data governance moves beyond managing information to support business processes, it encompasses a broad set of data strategies and functions, allowing :