Let my information go: The glory and peril of data democratization

first_img 1SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Credit unions are often plagued by their data being locked up in the core processor and other standalone systems. Increasingly, they are adopting data warehouse solutions to free and integrate this data so cutting edge analytical tools can be employed to solve tough business problems.However, a new problem then becomes apparent. Once business users realize long-imprisoned data is now liberated, they clamor for information. This puts pressure on the IT department to meet the growing demand for reporting and analytics.Beleaguered IT executives seeking relief often look to the holy grail of self-service analytics. In this approach, data access and analytical tools are put in the hands of business users so they can do their own reporting and analysis. This seems like an attractive solution to both IT and information consumers. In fact, self-service analytics often is hailed as the height of “data democratization” or further freeing data by releasing it into the hands of the masses.While this sounds very virtuous, poorly deployed self-service analytics can cause as many problems as it solves.Data warehouses can serve as the place for all organizational data to be centralized. The goal is to provide a single data source for all analytics purposes. However, most enterprise data warehouses are very complex, interrelated arrangements of files. If semi-trained business users try to query these files without sufficient knowledge, very different results can appear. This is frustrating to the business users and cast doubt on the accuracy of the data warehouse. continue reading »last_img

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