Collibra Shares Top 2018 Predictions: Spotlight Shines on Data as a Critical Business Asset
Businesses to Double-Down on Data Protection
New York, December 13, 2017 – Collibra, a leader in data governance software solutions for business users, today shared its predictions for the data market in 2018. During the coming year, the big data market will continue its rapid maturation as more organizations regard data as their biggest asset, and look to optimize its operational and competitive value. To this end, organizations will need to address the usability of data to ensure users can find, understand and trust their data. This will involve protecting data rights of citizens, increasing regulations to manage risk, and taking advantage of more self-service BI tools.
“During the past 18 months, we’ve seen the data market grow at an accelerated pace,” said Felix Van de Maele, CEO, Collibra. “But data only serves an organization in making and validating decisions if it can be trusted. Companies that embrace data governance now – and make it part of business as usual – will win the data game in the years to come.”
Here are the top 2018 data predictions:
Data Protection Will Get Personal
Consumers are becoming increasingly aware of how much personal data businesses collect and store about them, especially in light of the proliferation of high-profile data breaches in 2017. In 2018, data protection will be on nearly everyone’s radar, particularly as the General Data Protection Regulation goes into effect in May. To win consumers’ trust, organizations need to demonstrate not only that they are protecting the data, but also that they are using the data for good.
AI Will Expose Organizational Deficiencies
Organizations are discovering there’s a dark side to AI, despite its many benefits. In 2018, AI will expose data deficiencies and reveal where data processes fall apart. For instance, organizations will struggle to answer simple question such as:
Where is the data I need for my AI project?
What is the data’s quality – and is it reliable?
Who owns the data – and who can fix it?
How do I embed the outputs from AI into day-to-day business operations?
Data Catalogs Will Become the Biggest Data Craze
Data catalogs will be the talk of the town in 2018 as more organizations finally take note of their business users’ requests for a more “consumerized” approach to access the data. But beware – not all data catalogs are created equal. The best data catalogs are those built on a foundation of data governance that enables data citizens to not only find data but, even more critically, trust that data to drive business decisions.
Data Management and BI Tools Will Become Commodities
Data management and business intelligence (BI) tools have been around for years. In 2018, data management and BI tools will become commodities and more vendors will build these tools and offer them in the cloud or via open source. This shift will show that self-service tools and the reports they generate are here to stay but having proper data governance integrated with these tools is a necessity to ensure the analysis is accurate.
As the leader in data governance, Collibra helps organizations across the world gain competitive advantage by maximizing the value of their data across the enterprise. Collibra is the only solution purpose-built to address the gamut of data stewardship, governance, and management needs of the most complex, data-intensive industries. Our flexible and configurable cloud-based or on-premises solution puts people and processes first – automating data governance and management to quickly and securely deliver trusted data to the business users who need it. Learn more at www.collibra.com.