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The Sagence Connection

How Not to Commit the Big Data Mistake

Posted by Sagence

4/24/14 5:30 AM

Don’t be guilty of committing the Big Data mistake. Here are five common requests raised by those warning us against the Big Data mistake.

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Topics: Data Sharing, Data Management, Enterprise Analytics, Data ROI, CDO Agenda

Financial Services Players Capture Value Via Reference Data Sharing

Posted by Sagence

4/15/14 5:30 AM

Standardization and data sharing have historically been strengths in the financial services industry. For example, the networked ATM was an early win in the financial services industry. The ability to take advantage of the network effects and data sharing was one of the earliest examples of how network effects can and do add value. Another example of this is using computerized trading standards/software (e.g., Bloomberg Trading platform) to maximize value. However, when it comes to reference data, firms have historically maintained, built, and managed their own security and client master databases in isolation from other market participants.

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Topics: Data Sharing

Establishing Rosetta Stones for Your Company’s Historical Data

Posted by Sagence

3/27/14 5:30 AM

Far too often, designers of relational data models forget the lesson of the Rosetta Stone. They focus their time and energy on modeling data scenarios that exist right now, forgetting that the dimension of time must always be accounted for in a database. Without this consideration, older data can quickly become a useless and forgotten inconvenience, rather than an asset that can be leveraged for measuring historical trends and for recreating singular points in time.

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Topics: Data Sharing

Catch the Wave: Value Creation Through Data Sharing

Posted by Sagence

3/5/14 5:30 AM

The unexplored territory and next wave of data value creation will be those companies that most effectively share data up, down, and across their business but more importantly between the company and its customers.

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Topics: Data Sharing

Fighting the Zombie Apocalypse with Shared Reference Data

Posted by Sagence

2/25/14 9:22 AM

The arrival of winter also heralds the start of flu season. The effective containment of flu virus strains and other infectious diseases relies upon a set of shared reference data, which allows researchers and health workers to properly understand and respond to an outbreak by consistently comparing data points from different states, regions, and countries. The same classification techniques enable communication between different parties of the healthcare system, such as providers, insurers, and patients.

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Topics: Data Sharing

Data Platforms Set Off a Cambrian Explosion

Posted by Sagence

1/31/14 5:30 AM

Just as the modern digital platform has provided a foundation for large-scale mushrooming of value-added software products and applications, the data platform is poised to set off a Cambrian explosion of innovative data-based products and services.

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Topics: Data Sharing

Data Sharing Saves the Holidays

Posted by Sagence

12/17/13 5:30 AM

The value of reference data doesn’t reside in the actual data but in the result of sharing, which is fortunate because we have the ability to create and increase value through shared perception and data use. Additional context and commitment increase the value of shared data.

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Topics: Data Sharing

Construct Your Data Sharing Ecosystem with Legos

Posted by Sagence

12/5/13 9:30 AM

Whether large or small, it’s imperative for companies in today’s Information Age to effectively manage their data, and a critical component of effective governance is Data Sharing. But what exactly is Data Sharing? The term is abstract and can be confused with other similar ideas. In this post, we’ll attempt to define Data Sharing by outlining the three main boundary conditions across which data can be shared.

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Topics: Data Sharing

Welcome to the Sagence Connection

Posted by Bruce Quade

12/5/13 8:23 AM

On any given day a Google search for the phrase “big data” will return over 1.5 billion results. It’s no wonder companies are struggling to understand this new landscape, much less capture the return on their data investments. Perhaps the biggest challenge facing firms today is making sense of all this available data and prioritizing initiatives that will have a positive impact on their bottom line.

The goal of the Sagence Connection is to provide a single, objective, cross-industry perspective on all things data. It can be overwhelming to research this topic. There are the industry-specific magazines and forums, conferences, the well-known newspaper outlets, social media sites, knowledge “experts;” the sources are endless. The Sagence Connection is a better way to filter the news. We remove the hype and focus on the important questions we hear directly from our clients – Fortune 1000 firms across all industries, but specifically in the financial services and healthcare space. You’ll read entries on data visualization, the Chief Data Officer agenda, data management, including data governance, master and reference data, R, Hadoop and other tools, data as an asset, data analytics, taxonomy and ontology, regulatory issues, and careers in this space. If it’s about data, it’s in the Sagence Connection, where you will gain insight into the many data challenges facing industries today, and realize opportunities for competitive advantage.

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Topics: Data Sharing, Data Management, 11 Data Design Principles, Enterprise Analytics, Recruiting, Data ROI, CDO Agenda

   

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