Five Minute Briefing - Information Management
May 17, 2022
Five Minute Briefing - Information Management: May 17, 2022. A concise weekly report with key product news, market research and insight for data management professionals and IT executives.
News Flashes
Around 85% of analytics, big data, and AI projects will fail, despite massive investments of money. It's not new news, but it still reflects on how powerfully design affects speed, scale, and usage. At Data Summit 2022, Brian O'Neill, founder and principal, Designing for Analytics presented his session, "Technically Right, Effectively Wrong: How to Avoid Creating the ML or Analytics Application No Customer Wants to Use."
Data is often described as "the new oil"—a valuable fuel flowing through organizations. But it is time to stop talking about data as the new oil and concentrate instead on acting on its true importance. This is the view of Doug Laney author of "Infonomics," who gave the opening keynote talk at Data Summit 2022 in Boston.
"Every company is a data company," Keith Alsheimer, head of marketing, Unravel Data during his Data Summit 2022 presentation. Alsheimer and Chris Santiago, VP solutions engineering, Unravel Data, discussed DataOps and how it can solve big data problems during the presentation. The annual Data Summit conference returned in-person to Boston, May 17-18, 2022, with pre-conference workshops on May 16.
There are so many new buzzwords lately, including the data lakehouse, data mesh, and data fabric, just to name a few. But what do all these terms mean, and how do they compare to a data warehouse? This presentation covers all of them in detail and explains the pros and cons of each, with suggested use cases so attendees can see what approach will really work best for their big data needs.
Franz, a supplier of graph database technology for entity-event knowledge graph solutions, has announced AllegroGraph 7.3 with enhanced GraphQL query capabilities for distributed knowledge graphs and enterprise data fabrics. "Now when organizations need to integrate multiple systems from large legacy infrastructures and add new data to deliver a rich AI application—they can do so more quickly and easily using AllegroGraph and GraphQL APIs," said Jans Aasman, CEO of Franz.
Thomas Hazel, founder/CTO, ChaosSearch, examined the tools and technologies to get more value from data and how to determine which ones are right for your organization in a Data Summit 2022 keynote. By stripping away data engineering complexity and lowering total cost of infrastructure ownership and maintenance, more and more organizations are unlocking the value of analytics at scale.
To turn data into insights and leverage the wealth of information that they are collecting, organizations need to ensure that their data is up-to-date and trustworthy. There is no magic answer. It's a combination of technology and processes. Kevin Campbell, CEO of Syniti, and Phil Fersht, CEO and chief analyst at HFS Research, discussed data value research conducted with Global 2000 C-level executives during their Data Summit 2022 presentation, "Every Problem Is a Data Problem: How Bad Data Is Killing Your Business."
Data projects that are completed on time, address changing requirements, and deliver value in the real world require a combination of skills and technologies, as well as the right people, according to Marilyn Moise Rousseau, corporate manager database operations, Baptist Health South Florida, who spoke at Data Summit 2022.
At Data Summit 2022, Chris Bergh, CEO and head chef of DataKitchen, shared how to build an internal business case and ways to collect small wins that illustrate the benefits of DataOps at your organization.