Data Literacy
Data literacy is the ability to read? understand? create? and communicate data as information. It encompasses the skills required to ask the right questions about data? interpret data and its analysis? and understand the ethical implications of data use.
Many business challenges are rooted in poor understanding of data and insufficient data management. This leads to a situation where data is considered a debt? not an asset? and causes the depletion of organizational resources. Enterprise leaders must support the establishment of data literacy programs.
Gamified learning is one of the ways to promote and increase the efficiency of data literacy programs.
Data Monetization
Data monetization is an organization’s ability to generate economic benefits from its data and data assets.
The key takeaways regarding data monetization are
Economic benefits can be monetary and non-monetary.
An organization can get monetary benefits germany whatsapp number data by selling data? directly or indirectly? to third parties.
Non-monetary benefits can be achieved by enhancing existing products and services? improving internal efficiency? and decreasing costs through data-derived insights.
A data monetization strategy encourages organizations to consider data as a product and apply the corresponding general process or program to develop? implement? market? and deliver these products to the right consumers.
Data Privacy and Protection
Data privacy and protection refer to an organization’s ability to safeguard personal or sensitive information from unauthorized access? use? disclosure? disruption? modification? or destruction.
An organization should keep in mind the following
Personal data has a wide range of identifiability. To protect data? organizations should use multiple techniques? technologies? and tools like data anonymization? encryption? de-identification? hashing cloud security challenges and tokenization? cryptographic computation? statistical disclosure limitations? etc.
Implementing data protection adb directory requires changes in data governance and architecture.
Protecting data in the cloud requires different approaches.
Data Strategies
In my practice? I use the following definition of a data strategy: “A data management strategy is a long-term future state document that demonstrates the intention of a company to manage and use data by its business strategy.”