Ted Friedman, Distinguished VP Analyst, Gartner has interacted with several organisations and observes that data analytics leaders and Chief Data Officers are not directly measuring the financial value of data & analytics. He says that the value of data could be included in the valuation of the company in future. He also talks about the models that Gartner offers to help organisations assess the economic value of their data.
Data is gaining more importance in the organisation and there have even been discussions on whether the value of data should be considered when doing the valuation of companies for M&A and IPOs. The role of the Chief Data Officer (CDO) is also gaining in importance. However, a survey by Gartner reveals that while CDOs and their Data Analytics (DA) teams are focusing on the right priorities, they are yet to achieve the best balance of their various responsibilities to deliver superior organisational performance.
Digital lending startup Paysense has a unique model that establishes billions of relationships between data. Relational databases cannot accommodate this type of data. So it started using a graph database from Amazon last year. Here's how the technology is helping the company to do credit intelligence at scale.