Superior decision making is an essential aspect of life, whether it be in business, national security, health, environment, and every other aspect of human existence. Look no further than geopolitical affairs, such as North Korean or Iranian relations, to understand the importance and impact of decisions on human life, indeed the entire planet. This is not an exaggeration. From an Information Technology point of view, the goal is to provide complete and accurate information on demand to support decision making.
Real-world events demonstrate our inability to understand rapidly and accurately what we already know. In other words, we cannot answer questions completely, despite the fact that we may hold the requisite data. For example, if someone attempted to enter the United States (US) at an airport, and US officials initiated a query to the “system” and found nothing, that person may enter the US erroneously. This might occur because US officials asking a question such as “What do we know about this person?” cannot assuredly answer it – and not in a timely fashion.
The financial industry is facing a perfect storm of disruptive drivers for data management. While regulators seek accuracy and transparency, institutions are struggling with fragmented data and IT infrastructures. The path forward is “data engineering” – applying consistent semantics with scalable infrastructure to harmonize data and enable traceable and dynamic analytics.
We’d like to introduce you to the newest member of our team, Sam Chance, who has joined us as managing director of pre-sales. In this newly created position, Sam will work closely with the sales and engineering teams to accurately define and communicate the value of our Anzo Smart Data Lake® (ASDL) platform to our growing roster of customers, while also architecting a customized solution for their environments.
Conventional data analytics utilizes dashboards, visualizations, search, and other tools to determine appropriate data for integrated, targeted use cases. Smart data analytics techniques, on the other hand, leverage linked data graphs, comprehensive data models, and a semantic standards-based approach to publish results to those same popular tools.
Comprehending semantic technology is no longer an arduous task for the back offices of data-savvy organizations. Business users and C-level executives are starting to comprehend the basics of the technologies that are increasingly impacting their jobs.
The cliches are well known by now: data scientists spend the majority of their time simply preparing data for analytics, inheriting the responsibilities of IT teams that traditionally took months to process simple query results.
Conventional data discovery utilizes dashboards, visualizations, search, and other tools to determine appropriate data for integrated, targeted use cases. Smart data discovery techniques, on the other hand, leverage linked data graphs, comprehensive data models, and a semantic standards-based approach to publish results to those same popular tools.
Data lakes are quickly becoming a hot topic as enterprises determine how best to organize and access the large volume of data they have been generating. Data Lakes are attractive for several reasons, including their ability to expand data across the enterprise while maintaining trust and security with data governance.
Regardless of the ROI of any data-centered solution, upper level management will not support it unless it adheres to governance and security conventions. By definition, data governance formalizes the roles, responsibilities, and rules required for data’s long-term sustainability. Its symbiotic relationship with security ensures that data is protected from the people and practices that negatively affect organizations.