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DataInsights by Gaurav Shinh Thoughts
on Data Management & the Future of Data
Gaurav, the founder of DAAS LABS and SCIKIQ, is a leading data science innovator and ROTMAN alumnus. He writes extensively about Data Science and future of Data
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Data Valuation Approach
By following a structured approach to data asset valuation, CFOs can gain a better understanding of the financial impact and potential value that data assets bring to the...
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Data as CapEx: Unlocking Value from Your Data Assets
Data is no longer just a byproduct of business operations; it is a valuable asset that can fuel growth and give companies a competitive advantage....
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Organization's Data Readiness Framework for implementing..
To achieve alignment between business priorities and data maturity, it is essential to grasp their correlation...
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Ronaldo & Kids Explaining ChatGPT & AI to 10 year old
My younger one is a big fan of Cristiano Ronaldo, the famous footballer. He recently finished grade 5 and...
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Embracing Data's Future: ScikIQ's Leading Role in Holistic Data Fabric
In recent years, industry giants such as Microsoft, Qlik, and Informatica have embarked on a series of strategic...
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Assessment Framework for Data Maturity
To assess the current state of data maturity, the assessment framework needs to evaluate the Producer ...
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What is causal inference in ML?
Causal inference in machine learning (ML) is a powerful approach that goes beyond mere correlations. It focuses on uncovering the underlying causes behind observed outcomes, enabling businesses to gain...
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Business Critical Data Element vs Business Data Element
A business-critical data element is a key piece of information that has a direct impact on critical business processes and outcomes. It undergoes assessments based on three criteria to determine its importance...
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User Consent Foundation of Data Sharing
I thought, this time let me cover the importance of user consent in data exchange and provides a boilerplate consent form between a Data Owner (Consumer) and Enterprise...
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Enhanced Customer Support with LLM-Powered Chatbot Responses
The integration of ChatGPT into platforms like Myntra or Expedia can introduce challenges in controlling user intent. For instance, users may unexpectedly engage the chatbot in discussions about unrelated topics ...
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Data: Asset Value and Valuation Methods
The Income Approach values a data asset based on the income it generates. It estimates future cash flows and calculates their present value. For example, a social media platform called SocialConnect monetizes user data...
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Future of Data Unions and Data Exchanges
In the digital age, data has become an increasingly valuable resource. As individuals become more aware of the value of their personal data, they are seeking ways to control how it is used and monetized...
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Data-Driven Success A Comprehensive Guide to Establishing Effective Data Governance, Management, and Analytics Capabilities
Data is a critical asset for modern organizations, and to unleash its full potential, companies need to establish effective data governance, management, and analytics capabilities...
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