Halo data : understanding and leveraging the value of your data / Caroline Carruthers and Peter Jackson.

Format:

Book

Author/Creator:

Carruthers, Caroline, author.

Jackson, Peter, 1962- author.

Language:

English

Subjects (All):

Information technology--Management.

Information technology.

Organizational effectiveness.

Physical Description:

1 online resource (xxi, 160 pages) : digital, PDF file(s).

Place of Publication:

London, England : Facet Publishing, 2023.

Summary:

The past two decades have seen an explosion both in the volume of data we use, and our understanding of its management. However, while techniques and technology for manipulating data have advanced rapidly in this time, the concepts around the value of our data have not. This lack of progress has made it increasingly difficult for organisations to understand the value <i>in</i> their data, the value <i>of</i> their data, and how to exploit that value. <br><br><i>Halo Data</i> proposes a paradigm shift in methodology for organisations to properly appreciate and leverage the value of their data. Written by an author team with many years' experience in data strategy, management and technology, the book will first review the current state of our understanding of data. This opening will demonstrate the limitations of this status quo, including a discussion on metadata and its limitations, data monetisation and data-driven business models. Following this, the book will present a new concept and framework for understanding and quantifying value in an organisation's data and a practical methodology for using this in practice.<br><br>Ideal for data leaders and executives who are looking to leverage the data at their fingertips.

Contents:

Intro

Title page

Contents

Figures and Tables

About the Authors

Acknowledgements

Introduction

1 Who Owns the Definitions and Terms about Data?

What was happening before data professionalsarrived?

The digital era

The impact of GDPR

The arrival of data professionals

2 What is Metadata?

Active metadata

Ontologies

Where does metadata go next?

3 Other Ideas of Data Value and Monetisation

Why do we care about the value of data?

A brief history of data and value methods

4 Value from a Different Source

What is data monetisation?

Indirect vs direct data monetisation methods

Data-driven business models

Measuring the economic value of data monetisation

Considering the input in measuring the economic value

5 Hello Halo Data

A reminder about metadata

Data and metaphysics

The new paradigm and quantum data

6 Getting to Know Halo Data

Bohr's theory of the atom

Assigning the new values

Paradigm shift

Methodology

7 Early Examples of Halo Data Approaches

Why hasn't the paradigm shift happened before?

Halo data and the intelligence services

Halo data and financial services

Halo data and consumer verticals

8 Halo Data and Data Ethics

What are data ethics?

Who has to think about data ethics?

Some guiding principles for data ethics

9 Halo Data Framework

Understand your data landscape

Data purpose layer

Productisation layer

Trusted data layer

People layer

10 Halo Data Applied Risk Assessment, Regulation, Customer, the Citizen

Risk frameworks

Halo data for understanding risk

Halo data as a risk

Another halo value for risk

Halo data and compliance

Halo data and data literacy

11 Halo Data and Storytelling

Why storytelling is needed in data

Conclusion

Index.

Notes:

Title from publisher's bibliographic system (viewed on 15 Dec 2023).

ISBN:

1-78330-619-X

1-78330-618-1