Although not a new concept, data products have been the subject of much attention and debate in recent times. Discussion, proposals, and opinions on what a data product is, what the benefits of data products might be and who can benefit are typical topics in this discourse. Clear answers to such questions have not been obviously evident. Perhaps what can be agreed is that good quality data assets are key to the success of every organization, and that treating a data asset like a product will increase its quality, its value and its utility both for producers and consumers of data. Within the EDM Council Data Products SIG we have been exploring this approach to develop a sound basis for designing and managing data products.
The EDM Council Data Products SIG has been running since early 2023. Beyond defining what we consider to be key criteria for data products, our objectives have been aimed at establishing and embedding data products within organizations to fully realise their worth. To achieve this we have borrowed from product thinking, proposed a life cycle and developed a conceptual metadata structure for data products. We have also used the Council’s method of providing advice, questions and prompts for data and data products practioners as well as providing key candidate artifacts that provide the basis for designing and managing data products.
This is an interim report from this SIG, which is expected to continue to develop and refine its understanding of data products. We also realise that data products will thrive within a wider context that includes data marketplaces and other product infrastructure. These two themes are part of the upcoming work for the SIG in 2024.
Mastering the Talent Advantage in an AI-Driven Job Market
The impact and reach of artificial intelligence (AI) has grown exponentially and has had an outsized influence on the job market across the country. This panel looks at the impact of AI and the changing landscape across businesses, leaders, and employees as we move into the new future of work.
Join this Session to Discover:
How businesses understand the impacts of rising AI demands on the workforce
What human resource leaders need to do to prepare for the workforce evolution
What employees and job seekers can do to thrive in this changing market
Trust Issues With Your Data? Fix Them Now Using an Integrated Approach
Do you struggle to ensure the data in your organization can be trusted to make confident decisions? Are you concerned that applying Generative AI or other advanced analytics techniques to bad data will only make this problem worse? Join us to learn how you to fix your bad data by applying integrated capabilities and trust your decisions.
In this webinar we will discuss:
How a data governance framework is critical to ensure your teams understand the available data.
Why an integrated catalog with metadata that is automatically created fundamentally changes the game for your users.
What role AI can play in improving the quality of your data using capabilities such anomaly detection and automated suggestions.
How to involve a broad set of users across your organization to ensure quality data is maintained.
One for All: Leveraging Cloud in Client, Account & Product Data Mgt
While many firms are already managing their client, product, and account data, too often these domains are managed in multiple systems without standard workflows, connectivity, or capability to cross reference between systems or across the three domains. Managing them together has exponential, compounding benefits – and can accelerate your cloud data transformation.
Join this session to discover:
What CAP Data Management is
Why you need it
Common issues and challenges
Recent use cases and best practices
Why it’s even more important in the cloud data explosion
Securing Data in the Era of GenAI & LLM Technologies
GenAI and LLMs are great technologies and here to stay. Yet what protections are there with knowing, protecting, and controlling sensitive data? How are permissions enabled to use data with these AI-type technologies, when there are more stringent data privacy regulations coming online now and on the horizon in addition to a firm’s policies and standards with managing and using data? A well-executed data protection strategy can augment and even enable such use of these technologies for the good let alone prevent bad outcomes with data. Ultimately, these can help accelerate digital transformation and gain the agility, speed,
and data integrity needed for successful commercial outcomes.
Join this session to discover:
How GenAI & LLMs are used to automate workflow solutions, especially with unstructured data, and considerations for risks and mitigating controls
The importance of a set of systemic checks and balances when using GenAI & LLMs to stitch data together for research, language translation, reconciliations, workflow management, records updates, and other needs across business use cases
The relevance of protecting sensitive data via a data-centric security capability:
Knowing your risk
Protecting your sensitive data assets
Controlling how your data assets are used
The types of sensitive data needs and why they are relevant, whether personal data as related to AML / KYC requirements or firm Intellectual Property data as related to strategic new product launches
Get Extraordinary Things Done Faster, On Time and Under Budget
When the clock is running down on a project, emotions are fragile, and the budget is expanding by the second, what does a great leader do—fold or find a way to make it happen? As many of us are planning for 2024 goals, register for the Women in Data Professionals Forum Global webinar to help you achieve success. Guaranteed, if you are in this work situation, the first challenge is to survive. The next one is to figure out how to thrive.
Thriving is what Sherry Winn does. Sherry is a two-time Olympian, National Championship basketball coach and a renowned leadership speaker focusing on motivation. She brings common sense, simple steps, and practicality to the awareness of your team.
Getting things done faster, on time, under budget and exceptionally begins with the right attitude and continues with careful communication throughout the project. You will discover the power of preparation, organization, and simplicity and the capacity to apply them in the toughest of situations.
Benefits:
Double productivity in half of the time.
Use laser-focus on priority issues to reach goals faster.
Increase innovation and motivation for top results.
Three secrets to save ten hours a week.
Win your goals with a championship mentality.
Evolution of Data and AI Webinar Series Part 1: Data Management in an AI-Driven Era: Why MDM is No Longer Sufficient
Amidst the relentless data surge, organizations need efficient and effective ways to manage their data assets. Traditional master data management (MDM) solutions have served as the standard for data management for years. However, limitations in scalability, agility, and data quality are becoming increasingly apparent with the rise of AI and the increasing complexity of data. A new player has emerged: data products.
Join us as we delve into the key differences between traditional MDM and AI-powered data products. Explore how data products leverage artificial intelligence (AI) and human intelligence to deliver a superior approach to data management.
Key takeaways:
Understanding the shift: data products vs. traditional MDM
Leveraging data product capabilities for success
The organizational impact of data products
Data product strategy implementation: key considerations for building vs. buying
Join us to stay ahead in the evolving world of data management!
Evolution of Data and AI Webinar Series Part 2: Innovations in Data and AI in 2024 and Beyond
Artificial intelligence (AI) has quickly become a part of everyday life, with the emergence of generative AI (GenAI) accelerating its global accessibility. In business, GenAI expedites code development and personalized marketing campaigns for maximum impact. As AI continues to advance at an unprecedented pace, this evolution is instigating a transformative shift that is reshaping the landscape of data and its myriad applications.This session will explore cutting-edge innovations and challenges shaping the future of AI in 2024 and beyond.
Join our industry experts as they explore:
The significance of data quality in ensuring successful AI development and deployment, and strategies to achieve it
Why traditional master data management (MDM) is no longer adequate in the face of AI and how data products are emerging as a more powerful solution
The evolving role of data teams in an AI-driven era, necessitating a shift from purely technical expertise to a more strategic, business-oriented approach
The new data culture that fosters collaboration, enabling organizations to fully leverage the potential of AI
This session is essential for organizations seeking to remain at the forefront of the rapidly evolving world of data and AI.
Enabling Safe Use of Data and Adoption of GenAI
In an era where technology evolves rapidly and data threats are ever-increasing, it is crucial for enterprises to adopt proactive data strategies. These strategies should not only effectively utilize data but also ensure its protection. The upcoming EDMWebinar will delve into pioneering methods for data security and compliance, emphasizing the safe adoption of generative AI (GenAI). Featuring a panel with representatives from Databricks, the Data & AI company, Securiti, the Unified Data Command Center company, and Asurion, a tech care company, this webinar will focus on:
Implementing GenAI strategies while upholding stringent data privacy and security measures.
Exploring the enhanced data intelligence capabilities emerging from the Securiti-Databricks partnership.
Demonstrating real-world applications and the benefits of this collaborative effort.
Balancing the Demand for AI with ROI in Latin America
Join the EDM Council Women Data Professionals for an engaging panel discussion with leading data strategists and leaders from Latin America! Learn from our esteemed panelists as they discuss their challenges and best practices for setting up successful business cases and delivering quick data wins across diverse industries. Topics include how to:
Unlock the hype of AI by focusing on data management capabilities
Build demonstrable quick win use cases for the business
Implement a Data Strategy Foundation necessary for successful AI initiatives
This virtual event is open to anyone who is interested in learning more about how AI is being used in Latin America and the lessons learned through the panelists’ experiences.
