Data Collaboration is the new paradigm changing the world…what you need to know
Updated: Sep 9, 2020
Big Data, Data Transformation, Data Warehouse, Data Lakes, Data Data Data! How do I navigate through the latest trends to find the real solution to my data problems?
Nothing has changed on one front – data remains an enormously important global asset.
But a lot is changing in terms of how organizations think about the data they own. Looking back over the last 30 years, the story of data has many chapters as organizations wrestle with how to create, store, access, protect, manage, and keep data private.
Regardless of the focus on this important organizational asset, some challenges still remain. The traditional approach to delivering new technology has resulted in increasingly complex data silos, skyrocketing development costs, and growing risks to data privacy. The question is, will the story have a happy ending? Maybe….. and the chapter is called ‘Data Collaboration’.
So what is that and what’s in it for me you ask?
Collaboration platforms are taking over the organization. Calendars, messaging, email—everyone’s collaborating in new and more streamlined ways.
Except when it comes to data.
According to Cinchy, data collaboration represents ‘a radical new paradigm that will enable enterprise and public sector organizations to reclaim their ability to deliver solutions quickly while simultaneously introducing new levels of data protection’.
True Data Collaboration requires a secure method of encrypting and connecting data held by different organizations and data repositories within a trusted software environment without handing it over to a third party. Collaboration will enrich the value of your data, paving the way for innovation which can be used to make better decisions and improve customer service. It will also help organizations work together to address the common good.
This is the most exciting for me. Having spent the last year working on a G7 initiative to tackle important global issues, this innovative way to exchange knowledge will open up a whole new way of tackling the very real problems of our generation – climate change, sustainable infrastructure, and even diversity-related issues.
I know it sounds like I’ve drank the cool-aid and maybe so. Check it out for yourself – it’s not just coming to your organization – it’s here!
This article originally appeared in ITBusiness.ca. Republished with permission.