The Currency of Information: What Kind of Asset Is Data? (Part Two)
data needs to be managed for quality, timeliness, consistency, reusability, and business relevance
Larry Burns • The Currency of Information: Managing Data as an Asset (Part Three)
The purpose of metadata is not simply to describe data and information assets, but rather to proactively answer questions that consumers might have about them. Where did this data come from? How up to date is it? How trustworthy is it? What business process(es) created it? What business process(es) use it? What transformations or filtering have bee... See more
Larry Burns • The Currency of Information: Managing Data as an Asset (Part Three)
Gresham’s Law, familiar to most people, states that bad currencies eventually drive good currencies out of circulation. But there’s a corollary to Gresham’s Law, called Thier’s Law, which says that Gresham’s Law applies only to “fiat currencies,” that is, in cases where the government (or some similar authority) decrees that both currencies have th... See more
Larry Burns • The Currency of Information: Managing Data as an Asset (Part Three)
Meta-data management. Meta-data, which is commonly defined as “data about the data” is used to ensure traceability throughout the environment and ensure there is a common understanding of the meaning of the information contained in the BI environment.