Alation Inc., the collaborative data company, is updating its platform with increased support for chief data officers looking to manage their data as an asset.
Alation 5.0 will include new features and a services package to make data asset valuation simple by promoting the adoption of Infonomics.
These new capabilities further Alation’s commitment to delivering the most complete enterprise data catalog in the market.
Two fundamental valuation models are introduced in Infonomics to assist with these decisions, the intrinsic value of information (IVI) and the business value of information (BVI). IVI gauges how correct and complete the information asset is and its uniqueness to the organization. BVI considers how relevant an information asset is for a specific business purpose. Together, these models enable consistent comparisons across information classes and assist in identifying critical gaps in information’s realized versus potential value.
“For some time Alation has tracked detailed usage metrics as a way to evaluate the impact of data assets in an organization,” said Satyen Sangani, CEO, Alation. “The inclusion of Infonomics models in the Alation Platform, combined with the understanding of how data is used, creates an unprecedented foundation of accountability in data management initiatives. Tracking information asset impact and return over an applicable period of time is critical to the success of today’s Chief Data Officer.”
The Alation Data Catalog 5.0 will embed Infonomics metrics as part of the context automatically created for each data asset in the enterprise.
Data consumers, data curators and chief data officers will have access to these metrics on the catalog page of every data asset inventoried in Alation. For evaluating the intrinsic value of information, this will include metrics such as the validity and completeness of the data.
Data catalog pages will also include measurements of the business value of information such as relevance and popularity.
These features will be complemented by Alation’s professional services offering designed to guide organizations through a process of aligning Infonomics with their data usage and management strategies – a top concern for the CDOs and data leaders responsible for their organizations’ strategic data initiatives.
For more information about this news, visit www.alation.com.