Today, data is everywhere; petabytes of data are generated every second. Many companies understand the value of collecting data for their businesses. However, collecting data is not enough. Data only becomes valuable when you are able to see the connections or make predictions. To bring out the true value, data has to be managed during the whole data life cycle, and it has to be transformed from data to wisdom.
To become a data-driven company, you need to move from creating reports to generating new business value through data by making new correlations, predictions, or automations. Therefore, data governance and quality management is very important.