This is part of Solutions Review’s Premium Content Series, a collection of reviews written by industry experts in maturing software categories. In this submission, Infragistics Product manager Casey McGuigan offers a data catalog template and key benefits of adoption.
In the stone age of data management, data was printed and placed in a folder for manual analysis. Then, new software platforms such as Microsoft Excel enabled users to perform basic data manipulation and analysis. However, these methods were simplistic, disorganized and inaccessible to large groups of users. This is where the best data catalogs walk in. They are a vital asset in modern data management platforms and serve as a centralized repository for corporate data.
Data catalogs enable organizations to discover, organize, categorize, and share data visualizations, datasets, and analytical models to make better decisions and achieve better results. They act as a central location for important data, so teams can make informed decisions via UI dashboards from a single source of truth.
If an organization doesn’t have a data catalog, team members can waste weeks trying to find, understand, and validate data, then figure out the meaning and business logic behind it. . Using a data catalog, all team members can easily understand these defined, meaningful, and searchable assets, which can speed up the time to insight.
The best data catalog helps make your organization more data-driven. It should align your organization’s priorities, data strategy, and project and enable your users to get the most out of your data and make smarter decisions at the point of impact.
Organizations that already use data catalogs experience a significant increase in the speed and quality of data access, enabling data-driven decisions. Armed with data insights, companies can increase profitability, improve employee engagement and customer relationships, and identify opportunities for growth.
Data Catalog Model: 7 Breakthrough Benefits of Adoption
For organizations struggling with data adoption and management, the benefits of a data catalog are game-changing. Modern data catalogs collect metadata from a wide variety of data stores, including data lakes, data warehouses, NoSQL databases, and cloud object storage.
The most advanced digital workplace platforms incorporate data catalog functionality to provide a single source of trusted information. When evaluating data catalogs, choose one that offers flexible search and filtering options, is able to harvest technical metadata from a variety of connected data assets, is automated with AI and machine learning, and offers metadata curation.
A data catalog is a fundamental step towards structuring data in a logical and resourceful way. It can prove to be a great asset to any organization as it can help to:
- Create a data pool: Including information on data quality, structure, usage and business definitions. It also provides access to lineage, source, and changes to data.
- Provide a unified view: Data is neatly organized, indexed and ready to use, which promotes collaboration among a wide range of users, including business and technical users.
- Improve data accessibility: Data from across the organization becomes searchable and easily accessible, making it easy for you to find the right data you need and spend less time searching for it and more time analyzing it.
- Make sure the data is correct: And consistent across the datasphere by updating automatically and frequently.
- Cultivate a data-driven culture: A data-driven organizational culture brings transparency across the business and helps deliver easily actionable insights and results to optimize business performance.
- Improve data analysis: Perhaps the greatest value of data catalogs lies in their impact on data analytics, providing the ability to extract insights from data and guide better and smarter business decisions.
- Lower the costs: With the right data catalog, you can reduce the time it takes to get insights. A data catalog is an investment with real costs, but when used to drive the decision-making process, it can save money in the long run and help increase profits.
Data is a valuable asset, but its full potential is only realized when users are able to understand it and turn it into meaningful insights. Ultimately, an enterprise-ready data catalog must provide users with easily accessible, high-quality data to develop meaningful business insights, improve decision-making, drive value, and gain competitive advantage. For organizations that want to succeed in a data-driven world, a data catalog is a must.