Why Data Topology Is Worth Your Time
The volume of data does not directly guarantee value for an organization. The accumulation of data does not indicate a successful data strategy. On the contrary - data without direction provides only the potential for value.
The data scientist Clive Humby was quoted in 2006 as saying “Data is the new oil” Polarizing as this statement may be, Humby emphasized, as we here at SAITH believe, that data, like oil, is only valuable if you can refine it. Understanding the proper BI tools necessary to refine your data can be a daunting and highly technical process. Luckily SAITH BI - Solutions is here to help!
Let’s highlight one method of focus in your data refinement processes: Data Topology.
Data Topology
Data Topology focuses on the relationships and structure of data rather than its numerical values alone. When implemented well, a data topology can reveal patterns that may be missed in traditional data management/analysis methods. High-dimensional data can be simplified in a way by focusing on the data’s intrinsic structure. The intrinsic structure will ultimately lead most BI professionals to a grouping process. This grouping process can be illustrated in a core element of Data Topology known as a Zone Map. We will discuss the Zone Map in a later article. For now, let’s flush out a bit more detail on Data Topology itself.
Data Topology is designed to be highly sustainable. By managing data flows, relationships, and storage of data, businesses can reduce unnecessary computing costs, and standardize regulatory and compliance requirement automation with more stability. Data topology also facilitates iterative and adaptive analysis. This means that we continue learning from each attempt at analysis and the knowledge we gain from that attempt informs and improves our next step.
In these ways, it is clear that implementing Data Topology into your workflow has the potential to revolutionize your data management and business intelligence strategies. If you’re curious about data topology and its potential to elevate your business, leave a comment below or reach out to us via social/email. Let’s leverage innovative and impactful techniques like Data Topology to help you Elevate Your Story.