Take a data-first approach. Once we realize the importance of these data management products, we should redesign them with a data-first approach. Although they're data products, they shouldn't be built with only a workflow-centric approach in mind, in which effort is purely put into making a better user interface with some element of machine learning. The data that currently goes into and comes out of these systems isn't typically used effectively because the systems are often built on a weak data backbone. We should reinvent these products by ensuring that the data capture, storage, processing and distribution happen in the most effective manner with impeccable data lineage and easy data governance. As an example, data reconciliation is one of the most important processes in any organization. The quality of data that goes into reconciliation platforms is usually top-notch and what comes out is fully reconciled data: the single source of truth. Do we harvest it? Do we use this source for regulatory, client and financial reporting? Often, the answer is "no."
4. Consider distributed ledger technology. Distributed ledger technology (DLT; i.e., blockchain) can process, store and distribute data with effective traceability and immutability. We can use DLT to build an enterprise data backbone to manage all the data life cycle events. DLT can help make data lineage, data ownership and data governance easier and facilitate building a federated and collaborative model of data management. It can also allow multiple data sources to contribute to data management, instead of relying only on a centralized data management platform.
We've spent enough time and energy building new data infrastructure, big data stores for aggregating data and moving the often costly infrastructure to the cloud waiting for the magic to happen. It's time to take a step back and look at the basics of our data management products—to reimagine, rethink and reinvent them so the data in motion can be effectively harvested. Rather than sending data from multiple platforms in the business ecosystem to the data lake and keeping ourfingers crossed, we need to first create a complete and reliable single source of truth of data for the ecosystem and then push it to the ultimate data lake, so data can rest in peace.
Forbes Technology Council is an invitation-only community for world-class CIOs, CTOs and technology executives. Do I qualify?In the seconds before impact, mortars whistle as they fall, making a loud and almost plaintive sound Maxim Dondyuk will never forget. He will not forget the sting of their shrapnel, which felt like a hot knife in his arm, or the sight of the women and children he photographed during the shelling near Kyiv on March 6. He hopes the people who see his photos will not be able to forget them either. “I don’t stay here and do this because I am a masochist,” Dondyuk, who is Ukrainian, says by phone from the center of Kyiv. “I do it because sometimes a photo can change people, change societies.” With luck, he says, it might help stop a war.
Photograph by Maxim Dondyuk
When this war started in late February, Dondyuk was in Kyiv as Russian forces rushed to encircle the city, dropping bombs and firing artillery while tanks advanced from the north. Civilians tried to flee or take shelter in the subway system. At the city’s main hospital for children, Dondyuk found the patients crowded into the basement while the doctors waited for the wounded to arrive.
The first one was a young boy, no older than 7, whose parents and sister had just been killed. Emergency workers carried him into the ward and told the doctors that the family’s car had been riddled with bullets near the heart of the Ukrainian capital. The boy was the only survivor. The emergency workers did not know his name, they said, because his documents were probably in the wreckage. The doctors registered him as “Unknown No. 1,” and performed emergency surgery.
Read More: The Pain of Watching From Afar as Putin Attacks My Country
Pacing the ward outside the child’s room, Dondyuk found the head physician and asked for permission to photograph the boy. “I told him that the Russian people need to see this,” Dondyuk recalls. “When we show them the children
You must be logged in to post a comment.