The data integration process is traditionally thought of in three steps: extract, transform, and load (ETL). Putting aside the often-discussed order of their execution, “extract” is pulling data out of a source system, “transform” means validating the source data and converting it to the desired standard (e.g. yards to meters), and load means storing the data at the destination.
An additional step, data “enrichment”, has recently emerged, offering significant improvement in business value of integrated data. Applying it effectively requires a foundation of sound data management practices. Continue reading
I recently stumbled upon one of The Martin Agency’s hilarious Geico caveman ads and wondered, rather geekily, why they didn’t do one about data analysis. I think if a caveman suddenly arrived in the 2010s he or she would see parallels between his life and the activities of today’s knowledge worker. When I thought it through, it seemed obvious that knowledge workers need to be more like farmers and less like hunter/gatherers if they want to achieve the full potential of business intelligence.
I hold a strong prejudice that IT paradigms are useful for about 30 years. The PC was dominant from 1980 to 2010, “online” mainframe systems from 1970 to 2000, and so on. If that’s the case then time’s up for Bill Inmon’s data warehousing framework. So far no widely held pattern has emerged to help us envision data management in today’s big data, mobile BI, end-user visualization, predictive analytics world, but at their recent Business Technology conference, Forrester Research took a swing at it by presenting their 2009 “hub and spoke” organizational strategy as a data management vision. Continue reading
Data management professionals have long and sometimes rather Quixotically driven organizations to “get past the spreadsheet culture.” Maybe that’s misguided. The recent furor over a widely read social science paper may show how we can look to scientific peer review for a way to govern data, spreadsheets and all.
Recently, it was found that a key study underpinning debt-reduction as a driver of economic growth based its conclusions on a flawed spreadsheet. As this ArsTechnica article describes, Carmen Reinhart and Kenneth Rogoff’s Growth in a Time of Debt seemingly proved a connection between “high levels of debt and negative average economic growth”. But, per a recent study by Thomas Herndon, Michael Ash, and Robert Pollin, it turns out that the study’s conclusions drew from a Microsoft Excel formula mistake, questionable data exclusions, and non-standard weightings of base data. The ArsTechnica piece finds those conclusions fade to a more ambiguous outcome with errors and apparent biases corrected. Continue reading