Industry-agnostic Archives - Fresh Gravity https://www.freshgravity.com/insights-blogs/tag/industry-agnostic/ Wed, 26 Mar 2025 01:34:57 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://www.freshgravity.com/wp-content/uploads/2024/12/cropped-Fresh-Gravity-Favicon-without-bg-32x32.png Industry-agnostic Archives - Fresh Gravity https://www.freshgravity.com/insights-blogs/tag/industry-agnostic/ 32 32 Elevate B2B Data Management: Discover the Enhanced D&B Data Blocks Pre-Built Integration with Reltio MDM https://www.freshgravity.com/insights-blogs/elevate-b2b-data-management-discover-the-enhanced-db-data-blocks-pre-built-integration-with-reltio-mdm/ https://www.freshgravity.com/insights-blogs/elevate-b2b-data-management-discover-the-enhanced-db-data-blocks-pre-built-integration-with-reltio-mdm/#respond Wed, 18 Sep 2024 11:42:31 +0000 https://www.freshgravity.com/?p=2748 Written By Ashish Rawat, Sr. Manager, Data Management In a B2B landscape where data-driven business decisions are pivotal, effectively harnessing and utilizing data is necessary. Availability of data is no longer a problem for firms but identification of relevant information among vast amounts of data is certainly a puzzle. To address this critical need, Fresh […]

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Written By Ashish Rawat, Sr. Manager, Data Management

In a B2B landscape where data-driven business decisions are pivotal, effectively harnessing and utilizing data is necessary. Availability of data is no longer a problem for firms but identification of relevant information among vast amounts of data is certainly a puzzle. To address this critical need, Fresh Gravity, in partnership with Reltio Inc. and Dun & Bradstreet (D&B), has developed a pre-built integration between Reltio and D&B Data Blocks, providing seamless data enrichment of your enterprise Master Data. 

What is Data Enrichment? 

Data Enrichment is the process of enhancing customer data by adding additional, relevant information from trusted and reliable third-party source. The additional information could be attributes, relationship etc. In the context of Master Data Management, data enrichment is a common practice to augment customer data with trusted information, fill gap and additional information. The goal of data enrichment is to improve the data quality, leading to improved decision making, enforce compliance and enhance the customer experience. 

Reltio – D&B Data Blocks Pre-Built Integration 

The pre-built integration was created to make the most of the latest D&B data enrichment functionality. This integration is designed in accordance with Reltio’s Customer Data (B2B) velocity pack, which maps D&B data points to industry-specific data models. It also empowers the user to customize the integration between Reltio MDM and D&B to fulfil their business needs. This integration is built on top of Reltio Integration Hub (RIH), which is a component of the Reltio Connected Customer 360 platform. 

This pre-built integration supports the following modes of data enrichment: 

  • Batch enrichment with a scheduler or API-based triggers 
  • Real-time enrichment leveraging Reltio’s integrated SQS queue 
  • An API-based trigger for on-demand enrichment. This can be useful for UI button-based integration 
  • Monitoring an automated process to ensure records registered for regular updates are constantly refreshed 

 

Key Highlights: Why This Integration Outshines Existing Solutions 

  • Leverages the latest D&B product, Data Blocks 
  • Offers consistent functionality across all enrichment modes 
  • Supports enrichment from the following Data Blocks: 
    • Company Information Data Blocks include communication details, key financial figures, and industry codes 
    • Hierarchies and Connections Data Blocks provide an upward corporate hierarchy 
    • Diversity Insights Data Blocks provide socio-economic information 
    • Principals and Contacts Data Blocks provide details of the principal contacts of the organization 
  • Includes company information such as communication details, key financial figures, and industry codes 
  • Provides upward corporate hierarchies and connections
  • Provides socio-economic information and diversity insights
  • Provides details of principal contacts of the organization 
  • Supports attribute-level transformations and validations 
  • Eliminates the “URI mismatch” error 
  • Uses unique cross-reference syntax for enriching different versions 
  • Supports a “Potential Matches Only” mode 
  • Offers a platform to customize and extend D&B offerings, such as full hierarchy and enrichment of multiple entity types 
  • Includes configurable properties for enhanced flexibility 

Why This Pre-Built Integration Matters 

In a world where data drives decision making, the quality, speed, and reliability of that data can make or break a business. The new D&B integration for Reltio MDM is built with these priorities in mind, delivering: 

  • Implementation Best Practices: The integration is designed in accordance with implementation best practices, leveraging Fresh Gravity’s expertise in the field of MDM. 
  • Precision Data Integration: Seamlessly connect with D&B’s expansive global database, ensuring that the data is as accurate and comprehensive as possible. 
  • Lightning-Fast Processing: Experience unparalleled performance of RIH recipes with optimized design to ensure RIH task utilization, memory consumption and reliability, even in high-volume data environments. 
  • Scalability Without Limits: Designed to scale alongside the business, this integration can handle anything from day-to-day new records to bulk data enrichment. 
  • Effortless Integration: Enjoy a hassle-free setup and smooth integration with the Reltio MDM platform, minimizing disruption and maximizing productivity. 
  • Intuitive User Experience: Benefit from a user-centric interface that simplifies complex data tasks, allowing the data teams to focus on what matters most. 
  • Better User Experience: Provides access to detailed logs, statistics, and email notifications. 

Transformative Use Cases: 

In the ever-evolving world of data management, the pre-built integration of Dun & Bradstreet (D&B) data blocks with Reltio MDM offers transformative capabilities for businesses. This integration enhances not only data accuracy and completeness but also delivers powerful insights across customer profiles, corporate hierarchies, risk management, and key contact management, enabling businesses to stay ahead in a data-driven landscape. Here are a few of the many use cases for this integration: 

  • Holistic Customer Views: Integrate D&B data to create enriched, 360-degree customer profiles that drive holistic view, loyalty programs, sales analytics and many more. 
  • Corporate Hierarchy Management: Leverage D&B’s corporate hierarchy to redefine your customer strategy, rebuild company hierarchy to fulfil business needs. 
  • Proactive Risk Management: Leverage golden data of key financial and revenue to anticipate and mitigate risks before they impact your business. 
  • Streamlined Compliance: Maintain accurate and compliant records effortlessly, meeting global data regulations with confidence. 
  • Key Contacts: Use principal contact details to advance customer relationships. 
  • Reliable Data Management: Endure benefits of pre-built integration designed for Reltio’s B2B velocity pack which complements your data modelling, data enrichment, data quality, data completeness and data enrichment needs.

Join the Data Revolution: Ready to take your data strategy to the next level? Discover the full potential of the new D&B Integration for Reltio MDM, designed and developed by Fresh Gravity. Contact us for a personalized demo or to learn how this revolutionary tool can be a game-changer for your business. 

For a demo of this pre-built integration, please write toinfo@freshgravity.com or ashish.rawat@freshgravity.com. 

Key Technologies  

  • Reltio MDM: Connected Data Platform 

Reltio is a cutting-edge Master Data Management (MDM) solution that enables an MDM solution with an API-first approach. It offers top-tier MDM capabilities, including Identity Resolution, Data Quality, Dynamic Survivorship for contextual profiles, and a Universal ID for all operational applications. It also features robust hierarchy management, comprehensive Enterprise Data Management, and a Connected Graph to manage relationships. Additionally, Reltio provides Progressive Stitching to enhance profiles over time along with extensive Data Governance capabilities.  

  • Reltio Integration Hub: No-Code, Low-Code Integration Platform 

Reltio offers a low code/no code integration solution, Reltio Integration Hub (RIH).  RIH is a component of the Reltio Connected Customer 360 platform which is an enterprise MDM and Customer Data Platform (CDP) solution. RIH provides the capabilities to integrate and synchronize data between Reltio and other enterprise systems, applications, and data sources. 

  • Dun & Bradstreet (D&B) 

The leading global provider of B2B data and analytics, specializing in business information and insights. An AI-driven platform that helps organizations around the world grow and thrive. Dun & Bradstreet’s Data Cloud, which comprises more than 500 million records, was founded in 1841, D&B offers a comprehensive range of solutions designed to help organizations manage risk, drive growth, and improve decision-making. 

  • D&B Data Blocks 

D&B Data Blocks enable users to retrieve data on a specific entity or category. In a single online API request, multiple data blocks can be pulled. Monitoring is supported for all elements of standard data blocks. Data Blocks have various levels and versions, designed to pull information from any organization based on license.

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Data Engineering and Best Practices https://www.freshgravity.com/insights-blogs/data-engineering-best-practices/ https://www.freshgravity.com/insights-blogs/data-engineering-best-practices/#respond Tue, 03 Sep 2024 11:12:38 +0000 https://www.freshgravity.com/?p=2747 Written By Debayan Ghosh, Sr. Manager, Data Management Data engineering is the backbone of any data-driven organization. It involves designing, constructing, and managing the infrastructure and systems needed to collect, store, process, and analyze large volumes of data and helps maintain the architecture that allows data to flow efficiently across systems. It serves as the […]

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Written By Debayan Ghosh, Sr. Manager, Data Management

Data engineering is the backbone of any data-driven organization. It involves designing, constructing, and managing the infrastructure and systems needed to collect, store, process, and analyze large volumes of data and helps maintain the architecture that allows data to flow efficiently across systems. It serves as the foundation of the modern data ecosystem, enabling organizations to harness the power of data for insights, analytics, decision-making, and innovation. 

At its core, data engineering is about transforming raw, often unstructured data into structured, accessible, and usable forms. This involves a wide range of tasks such as creating data pipelines, setting up data warehouses or lakes, ensuring data quality, and maintaining the integrity of data as it flows through various systems. 

Why Is Data Engineering Important? 

As organizations collect more data from various sources—such as customer interactions, business processes, IoT devices, and social media—the need to manage and process this data effectively becomes crucial. Without the infrastructure and expertise to handle large-scale data, companies risk drowning in information overload and failing to extract actionable insights. 

Data engineering bridges the gap between raw data and meaningful insights by ensuring that data flows smoothly from various sources to users in a structured manner. It enables businesses to be data-driven, unlocking opportunities for innovation, optimization, and improved decision-making across industries. 

In the age of big data and artificial intelligence, data engineering is a key enabler of the future of analytics, making it an indispensable part of the data ecosystem. 

Role of Data Engineers in Data Engineering 

Data engineers in this space are mainly responsible for: 

  • Data Pipeline Development: Creating automated pipelines that collect, process, and transform data from various sources (e.g., databases, APIs, logs, etc.). 
  • ETL (Extract, Transform, Load): Moving data from one system to another while ensuring that it’s correctly formatted and cleaned for analysis. 
  • Data Storage Management: Designing and optimizing databases, data lakes, and warehouses to store structured and unstructured data efficiently. 
  • Data Quality and Governance: Ensuring that data is accurate, reliable, and consistent by implementing validation, monitoring, and governance frameworks. 
  • Collaboration: Working closely with data scientists, analysts, and business teams to ensure the right data is available and properly managed for insights and reporting. 

Best Practices in Data Engineering 

Whether one is working on building data pipelines, setting up data lakes, or managing ETL (Extract, Transform, Load) processes, adhering to best practices is essential for scalability, reliability, and performance. 

Here’s a breakdown of key best practices in data engineering:

  • Design for Scalability

As data grows, so must the infrastructure. The design of data pipelines and architecture should anticipate future growth. Organizations should choose scalable storage solutions like cloud platforms (e.g., AWS S3, Google Cloud Storage, Azure Blob Storage) and databases (e.g., BigQuery, Redshift) that can handle an increasing volume of data. While working with large datasets that require parallel processing, we recommend considering distributed computing frameworks such as Apache Spark or Hadoop. 

  • Focus on Data Quality

Data quality is paramount. If the data is inaccurate, incomplete, or inconsistent, the insights derived from it will be flawed. Organizations must implement validation checks, monitoring, and automated alerts to ensure data accuracy.  

Some key aspects of data quality include: 

  • Accuracy: Ensure data is correct and reflects real-world entities 
  • Consistency: Uniform data across different systems and time frames 
  • Completeness: Ensure no critical data is missing 
  • Timeliness: Timely availability of data

At Fresh Gravity, we have developed DOMaQ (Data Observability, Monitoring and Data Quality Engine), a solution which enables business users, data analysts, data engineers, and data architects to detect, predict, prevent, and resolve data issues in an automated fashion. It takes the load off the enterprise data team by ensuring that the data is constantly monitored, data anomalies are automatically detected, and future data issues are proactively predicted without any manual intervention. This comprehensive data observability, monitoring, and data quality tool is built to ensure optimum scalability and uses AI/ML algorithms extensively for accuracy and efficiency. DOMaQ proves to be a game-changer when used in conjunction with an enterprise’s data management projects such as MDM, Data Lake, and Data Warehouse Implementations.   

To learn more about the tool, clickhere.

  • Embrace Automation

Manual processes are often error-prone and inefficient, especially as systems grow in complexity. Automate your data pipelines, ETL processes, and deployments using tools like Apache Airflow, Prefect, or Luigi. Automation reduces human error, improves the reliability of the pipeline, and allows teams to focus on higher-level tasks like optimizing data processing and scaling infrastructure.

  • Build Modular and Reusable Pipelines

Design your data pipelines with modularity in mind, breaking down complex workflows into smaller, reusable components. This makes it easier to test, maintain, and update specific parts of your pipeline without affecting the whole system. In addition, adopt a framework that facilitates code reusability to avoid redundant development efforts across similar processes. 

Databricks as a unified, open analytics platform can be leveraged in building efficient data pipelines. Together, Databricks and Fresh Gravity form a dynamic partnership, empowering organizations to unlock the full potential of their data, navigate complexities, and stay ahead in today’s data-driven world.  

To learn more about how Databricks and Fresh Gravity can help in this, click here.

  • Implement Strong Security Measures

Data security is crucial, especially when dealing with sensitive or personally identifiable information (PII). Encrypt data both at rest and in transit. Ensure that data access is limited based on roles and privileges, adhering to the principle of least privilege (PoLP). Use centralized authentication and authorization mechanisms like OAuth, Kerberos, or IAM roles in cloud platforms. 

In addition, ensure compliance with privacy regulations such as GDPR or CCPA by anonymizing or pseudonymizing PII and maintaining audit trails.

  • Ensure Data Governance and Documentation

Data governance establishes the policies, procedures, and standards around data usage. It ensures that the data is managed consistently and ethically across the organization. Having proper documentation for your data pipelines, architecture, and processes ensures that your systems are understandable by both current and future team members. 

Good practices include: 

  • Establishing data ownership and stewardship 
  • Maintaining a data catalog to document data lineage, definitions, and metadata 
  • Enforcing data governance policies through tooling, such as Alation, Collibra, or Apache Atlas 

At Fresh Gravity, we have extensive experience in data governance and have helped clients of different sizes and at multiple stages in building efficient data governance frameworks.  

To learn more about how Fresh Gravity can help in Data Governance, click here.

  • Optimize Data Storage and Query Performance

Efficient storage and retrieval are key to building performant data systems. Consider the format in which data is stored—parquet, ORC, and Avro are popular columnar storage formats that optimize space and speed for big data. Partitioning, bucketing, and indexing data can further improve performance for queries. 

Use caching mechanisms to speed up frequent queries and implement materialized views or pre-aggregations are appropriate to improve performance for complex queries.

  • Adopt Version Control for Data and Pipelines

Version control, often associated with software development, is equally critical in data engineering. Implementing version control for your data pipelines and schemas allows for better tracking of changes, rollback capabilities, and collaboration. Tools like Git can manage pipeline code, while platforms such as DVC (Data Version Control) or Delta Lake (in Databricks) can help version control your data.

  • Build Monitoring and Alerting Systems

Ensure that you’re continuously monitoring your data pipelines for failures, performance bottlenecks, and anomalies. Set up monitoring and alerting systems with tools like Prometheus, Grafana, Datadog, or CloudWatch to track pipeline health and notify data engineers of any issues. This can help detect and address problems before they escalate to larger issues like delayed reporting or failed analysis.

  • Testing

Testing is critical in ensuring the reliability and correctness of your data systems. Implement unit tests for individual components of your data pipelines, integration tests to verify that the system as a whole works, and regression tests to ensure that new changes don’t introduce bugs. Test data quality, pipeline logic, and performance under different load conditions. 

Some popular testing frameworks include PyTest for Python-based pipelines or DbUnit for database testing.

  • Choose the Right Tools for the Job

There’s no one-size-fits-all solution for data engineering. Choose tools that align with your organization’s needs and goals. Whether it’s batch processing with Spark, stream processing with Apache Kafka, cloud services like AWS Glue or Google Dataflow, or a managed unified analytics platform like Databricks (that gives a collaborative environment with Apache Spark running in the background), select the stack that meets your use cases and data volumes effectively.  

When evaluating new tools, consider factors like: 

  • Ease of integration with existing systems 
  • Cost-efficiency and scalability 
  • Community support and documentation 
  • Ecosystem and toolchain compatibility 

 How Fresh Gravity Can Help 

At Fresh Gravity, we have deep and varied experience in the Data Engineering space. We help organizations navigate the data landscape by guiding them towards intelligent and impactful decisions that drive success across the enterprise. Our team of seasoned professionals is dedicated to empowering organizations through a comprehensive suite of services tailored to extract actionable insights from their data. By incorporating innovative techniques for data collection, robust analytics, and advanced visualization techniques, we ensure that decision-makers have access to accurate, timely, and relevant information.   

To know more about our offerings, please write to us at info@freshgravity.com or you can directly reach out to me at debayan.ghosh@freshgravity.com. 

Please follow us on LinkedIn at Fresh Gravity for more insightful blogs. 

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The Dynamic Duo: Data Management and Data Governance https://www.freshgravity.com/insights-blogs/data-management-and-data-governance/ https://www.freshgravity.com/insights-blogs/data-management-and-data-governance/#respond Thu, 23 May 2024 10:28:37 +0000 https://www.freshgravity.com/?p=2744 Written By Neha Sharma, Sr. Manager, Data Management In the ever-expanding digital landscape where data reigns supreme, organizations face the critical challenge of harnessing the power of their data assets while ensuring their quality, integrity, consistency, and compliance with regulatory standards, all while striving for standardization and applicability across the enterprise. At the heart of […]

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Written By Neha Sharma, Sr. Manager, Data Management

In the ever-expanding digital landscape where data reigns supreme, organizations face the critical challenge of harnessing the power of their data assets while ensuring their quality, integrity, consistency, and compliance with regulatory standards, all while striving for standardization and applicability across the enterprise. At the heart of this endeavor lies a dynamic duo: data management and data governance. In this blog, we’ll explore the symbiotic relationship between these two essential pillars of data strategy. We will also delve into how they collaborate to safeguard and maximize the value of organizational data. 

Understanding Data Management and Data Governance 

Before we explore how they are connected, let’s briefly define data management and data governance: 

Data Management: At its core, data management involves the processes, technologies, and practices employed to acquire, store, organize, analyze, and maintain data throughout its lifecycle, ensuring it is current across different applications. It encompasses a broad spectrum of activities, including data integration, data quality management, metadata management, and data security. 

Data Governance: Data governance, on the other hand, refers to the framework of policies, procedures, roles, and responsibilities established to ensure the effective management, security, and compliance of data assets within an organization. It provides the overarching structure that governs how data is accessed, used, and maintained across the enterprise. 

The Symbiotic Relationship of Data Management and Data Governance 

While data management and data governance are distinct disciplines, they are intrinsically interdependent and mutually reinforcing. Here’s how they complement each other: 

  • Data Quality Assurance: Data management initiatives aim to enhance the quality of organizational data by implementing processes for data cleansing, standardization, and enrichment. However, without clear governance policies to define data quality standards, roles, and responsibilities, these efforts may fall short. Data governance ensures that data quality standards are established, enforced, and monitored consistently across the organization, providing the necessary framework to support data management activities. 
  • Data Integrity Preservation: Data management practices such as data integration and data migration are essential for ensuring data consistency and integrity across disparate systems and sources. However, without proper governance mechanisms in place to maintain data lineage, traceability, and auditability, organizations risk compromising the integrity of their data assets. Data governance frameworks establish controls and protocols to safeguard data integrity throughout its lifecycle, mitigating the risks associated with data silos, duplication, and unauthorized access. 
  • Regulatory Compliance: In today’s regulatory landscape, organizations are subject to an array of data privacy and security regulations, such as GDPR, CCPA, HIPAA, and more. Data management initiatives play a crucial role in implementing technical controls and safeguards to comply with these regulations, such as encryption, access controls, and data masking. However, compliance efforts must be underpinned by robust data governance practices that define policies for data handling, retention, and privacy. Data governance ensures that organizations remain compliant with regulatory requirements by establishing accountability, transparency, and oversight mechanisms for data management activities. 

Best Practices 

  • Implementing data management encompassing data governance requires careful planning, coordination, and adherence to best practices to ensure success of any project. One key best practice is to establish clear objectives and goals for both data management and data governance initiatives at the outset of the project. This involves defining the scope of the project, identifying stakeholders, and aligning objectives with broader organizational goals and priorities. By having a clear understanding of what needs to be achieved, project teams can develop tailored strategies and action plans that address specific data management and governance challenges effectively. 
  • Another best practice is to foster collaboration and communication among cross-functional teams involved in data management and governance efforts. This includes engaging stakeholders from various departments, such as IT, data analytics, legal, compliance, and business operations, to ensure that diverse perspectives and requirements are taken into account. Establishing regular communication channels, conducting stakeholder meetings, and providing training on data management and governance principles can help build a shared understanding and commitment to the project goals. Additionally, leveraging project management tools and methodologies, such as Agile or Scrum, can facilitate iterative development and continuous improvement, allowing teams to adapt to changing requirements and challenges throughout the project lifecycle.  

By following these best practices, organizations can lay the foundation for the successful implementation of both data management and data governance initiatives, leading to improved data quality, integrity, and compliance across the enterprise. 

In conclusion, data management and data governance are not standalone functions but interconnected disciplines that collaborate to ensure the quality, integrity, and compliance of organizational data assets. While data management focuses on the technical aspects of data handling and processing, data governance provides the strategic framework and oversight necessary to govern data effectively. By leveraging the symbiotic relationship between data management and data governance, organizations can unlock the full potential of their data assets while mitigating risks and ensuring regulatory compliance. 

How can Fresh Gravity Help? 

With a team of experienced data professionals and subject matter experts, Fresh Gravity offers strategic guidance, tailored solutions, and hands-on support to help organizations define data management and governance strategies, design and implement data architectures and establish governance frameworks. By leveraging cutting-edge technologies, industry best practices, and proven methodologies, Fresh Gravity empowers organizations to unlock the full potential of their data assets while ensuring data quality, integrity, and compliance across the enterprise. 

To know more about our services, please write to us at info@freshgravity.com. 

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Understanding Product Data Management: Product MDM vs. PIM Solutions https://www.freshgravity.com/insights-blogs/product-mdm-vs-pim-solutions/ https://www.freshgravity.com/insights-blogs/product-mdm-vs-pim-solutions/#respond Wed, 15 May 2024 10:01:01 +0000 https://www.freshgravity.com/?p=2741 Written By Monalisa Thakur, Sr. Manager, Client Success In today’s evolving business landscape, trusted product data is crucial for accurate decision-making, customer satisfaction, and operational optimization. With the growth of digital commerce and multiple sales channels, organizations must ensure consistent and accurate product information across touchpoints. Flexible product data solutions drive personalized experiences and revenue […]

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Written By Monalisa Thakur, Sr. Manager, Client Success

In today’s evolving business landscape, trusted product data is crucial for accurate decision-making, customer satisfaction, and operational optimization. With the growth of digital commerce and multiple sales channels, organizations must ensure consistent and accurate product information across touchpoints. Flexible product data solutions drive personalized experiences and revenue growth. However, choosing between Product Master Data Management (Product MDM) and Product Information Management (PIM) can be confusing and challenging due to their subtle differences. 

Product MDM and PIM:  Key Capabilities and Benefits 

Both Product MDM and PIM solutions aim to establish a trusted “golden record” of product data. However, they differ in their objectives and hence, functionalities. 

Track #1: Product Master Data Management (Product MDM)

Master Data Management (MDM) system is an enterprise-wide solution that focuses on managing and maintaining master data that can include ‘product’ as a domain, amongst other master data domains such as customers, suppliers, locations, and more. MDM aims to provide a single source of truth for data consistency and accuracy across the organization. A key purpose of MDM is also to create relationships, whether horizontal (for example, between multiple domains such as products, customers, vendors, locations, etc.), or vertical (for example, patients and products) that help fuel analytical business applications. 

The following is an illustrative diagram to depict the functional layout of a multi-domain MDM system, that consumes data from multiple sources and distributes the mastered data to consuming applications. 

Fig. 1: Sample multi-domain MDM including product as a domain 

The key benefits of a Product MDM solution are as follows: 

  • Gain a trusted and comprehensive 360° view of organization-wide product data.  
  • Consolidate siloed product data from diverse organizational systems. 
  • Create a single unique version of an organization-wide used Product (or a Product Family) record 
  • Establish clear relationships between products and other entities.  For example, products-customers (insurance industry) or product family-substances-ingredients (life sciences) 
  • Boost business efficiency and IT performance by enabling data profiling, discovery, cleansing, standardizing, enriching, matching, and merging in a single central repository. 
  • Leverage reporting and analytics for informed decision-making. 

Track #2: Product Information Management (PIM)

On the other hand, a Product Information Management (PIM) solution centralizes the management of product data – not necessarily just master data but hundreds of product attributes such as color, size, style, price, packaging, reviews, images, nutritional labeling, or digital assets – enabling streamlined collaboration and data enrichment. PIM standardizes and automates product information, ensuring trusted, enriched, and high-quality data for customer touchpoints, sales, and marketing channels. It might often uncover hidden customer and sales opportunities that may have been overlooked due to disconnected product data. 

The following is an illustrative diagram to depict the functional layout of a PIM solution, and the various aspects of product information that it may encompass.

Fig. 2:  Sample PIM solution 

A PIM solution aims to: 

  • Streamline collaboration on product content internally (within the organization) and externally (at all customer touchpoints). 
  • Automate workflows for product information management and approval. 
  • Accelerate time-to-market for new products. 
  • Enhance omnichannel capabilities and publish consistent, relevant, and localized product content. 
  • Supply any channel with correct and up-to-date product information. 
  • Expand sales and marketing reach to new channels. 
  • Securely exchange product data via data pools. 
  • Increase sales through rich product information, engaging customer experiences, and improved cross-selling opportunities. 

How do you decide if you need a PIM or MDM for your business? 

Let us try to figure this out by citing some common use cases businesses face:

Use Case Scenarios Product Master Data Management (P-MDM) Product Information Management (PIM)
Scenario 1:   A retail company with a large product catalog expanding its online presence 
Product Catalog Management  Not the primary focus, but can support catalog creation  Centralized product data repository for catalogs 
Scenario 2:   A manufacturing company wants to gain insights into product performance, sales trends, and customer behavior to make data-driven decisions 
Business Analytics and Reporting  Offers advanced analytics and insights for master data  Not the primary focus, but can provide some analytics support 
Scenario 3:   A global e-commerce company plans to expand its operations into a new region, requiring localized product catalogs, marketing materials, and language support 
Expansion into New Locations  Not the primary focus, but can support data expansion  Ready-to-use catalogs and assets for multiple regions, marketplaces, and storefronts 
Scenario 4:   A financial organization needs to establish data governance policies for managing product data, ensuring data security, privacy, and compliance with industry regulations. 
Establishing Data Policies  Focuses on data governance, roles, responsibilities, and controls  Not the primary focus, but can support data guidelines and policies 
Scenario 5:  An e-commerce company aims to increase sales by improving product visibility, enhancing product descriptions, and optimizing pricing strategies 
Increasing Sales  Not the primary focus, but can support sales optimization  Enables omnichannel engagement and quick creation of price rules 
Scenario 6:  A fashion brand wants to provide a seamless customer experience across online and offline channels by ensuring consistent product information and compelling marketing collateral 
Cross-Channel Consistency and Marketing Collateral  Not the key focus, might help to get accurate info, but is limited  Ensures accurate and up-to-date information is available across all customer touchpoints 
Scenario 7:  A retail company aims to provide personalized product recommendations, tailored pricing, and consistent experiences across different channels and touchpoints 
Personalized Customer Experiences and Omnichannel Engagement  Lacks the specialized focus on marketing and sales activities required for delivering personalized customer experiences across multiple channels  Creates and manages enriched product data for marketing purposes, supporting omnichannel engagement and personalized customer interactions

Therefore, while both Product MDM and PIM have overlapping capabilities, they are best suited for different needs and scenarios. Product MDM focuses on managing master data, data governance, and advanced analytics, while PIM specializes in catalog management, omnichannel engagement, and quick creation of price rules. 

At Fresh Gravity, we offer robust technological and functional expertise in implementing product data solutions, whether it is Product Master Data Management or Product Information Management. With a solid understanding of the intricacies of managing product data, we excel in designing and deploying tailored solutions to meet the unique needs of our clients. Our team’s proficiency extends across various industries, allowing us to leverage best practices and innovative strategies to optimize data quality, governance, and accessibility in this space. Through our commitment to excellence, we empower organizations to harness the full potential of their product data to drive efficiency, competitiveness, and growth.

Are you considering Product MDM or PIM?  Contact us at info@freshgravity.com and we will be happy to set up a session to answer your questions. 

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Unlocking Efficiency and Productivity: The Power of Partnering with an IT Services Company https://www.freshgravity.com/insights-blogs/efficiency-productivity-with-it-services-company/ https://www.freshgravity.com/insights-blogs/efficiency-productivity-with-it-services-company/#respond Tue, 07 May 2024 08:39:48 +0000 https://www.freshgravity.com/?p=2738 Written By Neha Sharma, Sr. Manager, Data Management In today’s fast-paced business environment, efficiency and productivity are not just goals but imperatives. As technology continually reshapes how businesses operate, partnering with an IT services company has become a strategic move for organizations looking to harness the power of digital transformation. This partnership can lead to […]

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Written By Neha Sharma, Sr. Manager, Data Management

In today’s fast-paced business environment, efficiency and productivity are not just goals but imperatives. As technology continually reshapes how businesses operate, partnering with an IT services company has become a strategic move for organizations looking to harness the power of digital transformation. This partnership can lead to significant improvements in operational efficiency and workforce productivity, ultimately fostering a competitive edge in the marketplace. 

Specialized Expertise and Innovative Solutions 

One of the primary benefits of engaging with an IT services company is access to specialized expertise and cutting-edge technology. IT service providers are at the forefront of technology trends and innovations. They are equipped with a broad range of skills and methodologies across software development, cybersecurity, data analytics, data governance, and more. This means they can offer solutions that are not only current but also predictive of future trends. 

For instance, consider a manufacturing company facing challenges with supply chain management. An IT services company can implement a tailored enterprise resource planning (ERP) system that integrates all facets of the business, from production to sales. This integration dramatically reduces manual data entry errors, speeds up information processing, and enhances decision-making with real-time data insights, thus solving their current issues and making them future-ready. 

Enhancing Business Agility and Efficiency with IT Service Partners 

Partnering with an IT services company allows businesses to scale their IT capabilities flexibly and cost-effectively, which is crucial for adapting to market demands or organizational growth. This scalability ensures that businesses can quickly allocate more resources during peak times or scale down in slower periods, remaining agile and responsive to changing conditions.  

For instance, a retail business experiencing seasonal spikes during holidays can benefit from additional IT support to manage increased online traffic, ensuring systems are robust and responsive when most needed.  

Additionally, this partnership model converts fixed IT costs into variable costs, enabling effective budget management. By avoiding heavy investments in IT infrastructure and staff, companies can pay for IT services only when consumed, optimizing expenses according to business needs. 

Enhanced Focus on Core Business Functions 

By outsourcing IT responsibilities, companies can reallocate internal resources to focus on core business activities. This strategic division of labor allows the business to excel in areas that directly affect its competitive positioning while leaving the technical complexities to the experts. 

A classic scenario is a startup focused on developing innovative health technology devices. By partnering with an IT services provider to manage their cloud infrastructure and data security, the startup can concentrate on research and development, speeding up the time to market for new products. 

Proactive Approach to Infrastructure Maintenance and Data Security 

IT services companies often take a proactive approach to maintenance and security, which is critical in minimizing downtime and protecting against data breaches. Regular updates, patches, and continuous monitoring can identify and mitigate potential threats before they become serious issues. 

For example, a financial services firm handling sensitive client data can benefit from the robust cybersecurity measures provided by an IT service partner, ensuring compliance with regulatory requirements and maintaining client trust. 

Partnering with an IT services company offers a strategic advantage by enhancing operational efficiency, improving productivity, and enabling businesses to focus on their core competencies. Whether it’s through access to specialized expertise, increased scalability, or advanced cybersecurity measures, the benefits are clear and impactful. In essence, this partnership not only supports current business operations but also strategically positions companies for future growth and success. As we move further into the digital age, the collaboration between businesses and IT service providers will increasingly become a cornerstone of competitive strategy. 

How can partnering with Fresh Gravity help? 

Partnering with Fresh Gravity can significantly enhance your organization’s ability to innovate and stay ahead in the digital transformation race. Known for our expertise in data management, artificial intelligence, and business process optimization, Fresh Gravity brings a unique blend of advanced technology solutions and strategic insights to the table. A collaboration with Fresh Gravity will enable your organization to streamline operations, leverage big data for actionable insights, and implement scalable solutions that drive efficiency. By integrating Fresh Gravity’s cutting-edge tools and methodologies, companies can rapidly adapt to market changes, improve customer experiences, and ultimately achieve substantial growth in overall productivity and profitability. 

To know more about our services, please write to us at info@freshgravity.com. 

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Unlocking the Power of Data Catalogs: Organizing and Discovering Your Data Assets https://www.freshgravity.com/insights-blogs/power-of-data-catalogs/ https://www.freshgravity.com/insights-blogs/power-of-data-catalogs/#respond Thu, 29 Feb 2024 04:53:49 +0000 https://www.freshgravity.com/?p=1598 Written By Neha Sharma, Sr. Manager, Data Management In the digital age, where data reigns supreme, harnessing the full potential of your organization’s data assets is paramount. Yet, amidst the vast sea of data, finding the right information when you need it can feel like searching for a needle in a haystack. This is where […]

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Written By Neha Sharma, Sr. Manager, Data Management

In the digital age, where data reigns supreme, harnessing the full potential of your organization’s data assets is paramount. Yet, amidst the vast sea of data, finding the right information when you need it can feel like searching for a needle in a haystack. This is where data catalogs emerge as indispensable tools, serving as the compass in navigating the complex terrain of data landscapes. 

Understanding Data Catalogs 

Data catalogs are comprehensive repositories that index and organize metadata about an organization’s data assets. They act as centralized hubs, providing a holistic view of data across various sources, formats, and platforms. From databases and data lakes to spreadsheets and APIs, data catalogs offer a unified interface for discovering, understanding, and accessing data assets. 

Importance of Organization 

At the core of effective data management lies organization. Data catalogs empower organizations to categorize and classify their data assets based on attributes such as data type, source, ownership, and usage. By establishing a systematic taxonomy and metadata framework, data catalogs facilitate standardized data management practices, ensuring consistency and coherence across the data ecosystem. 

Facilitating Data Discovery 

In today’s data-driven landscape, the ability to swiftly locate relevant data is invaluable. Data catalogs streamline the data discovery process by enabling users to search, browse, and filter data assets based on specific criteria and keywords. Whether it’s exploring available datasets for analysis, identifying data lineage for regulatory compliance, or locating relevant information for decision-making, data catalogs empower users with the insights they need, precisely when they need them. 

Enhancing Collaboration and Transparency 

Effective collaboration is contingent upon transparent access to accurate and up-to-date information. Data catalogs foster collaboration by providing a shared platform where stakeholders can collaborate, annotate, and contribute insights about data assets. By promoting transparency and accountability, data catalogs cultivate a culture of data-driven decision-making, driving innovation and efficiency across the organization. 

Empowering Data Governance 

Data governance lies at the heart of data integrity and compliance. Data catalogs play a pivotal role in data governance initiatives by enforcing policies, enforcing access controls, and monitoring data usage. By establishing a governance framework within the data catalog, organizations can ensure adherence to regulatory requirements, mitigate risks and safeguard sensitive data assets. 

Embracing Metadata Management 

Metadata acts as the vital essence of data catalogs, enriching data assets with contextual information and insights. From technical metadata describing data structures and schemas to business metadata capturing semantic meaning and lineage, metadata management forms the backbone of effective data cataloging. By curating and maintaining metadata, organizations can unlock the full potential of their data assets, driving innovation and strategic decision-making. 

In an era defined by data abundance and complexity, data catalogs emerge as indispensable allies in the quest for data-driven excellence. By organizing, discovering, and harnessing the full potential of data assets, organizations can unlock new opportunities, drive innovation, and gain a competitive edge in today’s rapidly evolving landscape. As the volume and velocity of data continue to escalate, embracing the power of data catalogs will be the cornerstone of success in the data-driven economy. 

How can Fresh Gravity help with data cataloging? 

Fresh Gravity offers comprehensive support for data cataloging by leveraging its expertise in metadata management, data classification, and integration. Through robust data cataloging solutions, Fresh Gravity assists organizations in effectively organizing, documenting, and discovering their data assets. By implementing advanced metadata management techniques and integrating with existing data systems, Fresh Gravity ensures that data catalogs contain accurate and up-to-date information, facilitating seamless data governance and compliance. Additionally, Fresh Gravity provides tailored consulting services and training programs to empower users in maximizing the value of their data catalogs, ultimately enabling organizations to make more informed decisions and drive innovation. To know more about our services, please write to us at info@freshgravity.com. 

 

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Making data-driven decisions across the enterprise https://www.freshgravity.com/insights-blogs/making-data-driven-decisions-across-the-enterprise/ https://www.freshgravity.com/insights-blogs/making-data-driven-decisions-across-the-enterprise/#respond Tue, 06 Feb 2024 08:54:00 +0000 https://www.freshgravity.com/?p=1591 Written By Neha Sharma, Sr. Manager, Data Management In today’s dynamic business landscape, organizations are increasingly recognizing and depending on the power of data in driving informed decision-making. We are witnessing a transition from decisions based on intuition to a more analytical approach, where data acts as the guiding compass for strategic choices and makes […]

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Written By Neha Sharma, Sr. Manager, Data Management

In today’s dynamic business landscape, organizations are increasingly recognizing and depending on the power of data in driving informed decision-making. We are witnessing a transition from decisions based on intuition to a more analytical approach, where data acts as the guiding compass for strategic choices and makes decisions that give a competitive advantage. This blog explores the significance of making data-driven decisions across the enterprise and how organizations can harness the full potential of their data for better outcomes. 

The Foundation of Data-Driven Decision-Making 

  • Data Collection and Integration: This initial phase involves setting up a strong data collection mechanism, which includes collecting data from diverse sources both within and outside the organization. This crucial step of integrating diverse datasets is required to create a unified and comprehensive understanding of the business.
  • Data Quality and Governance: Garbage in, garbage out – the quality of decisions is directly proportional to the quality of the data. Organizations must prioritize data quality and implement effective governance frameworks to ensure data accuracy, completeness, consistency, and security. 
  • Analytics and Business Intelligence: Utilizing sophisticated analytics tools and implementing business intelligence systems are vital for extracting meaningful insights from collected data. Visualization tools play a key role in transforming intricate datasets into easily understandable visuals, facilitating efficient interpretation for decision-makers. 
  • Timely Data: Timely data plays a pivotal role in data-driven decision-making by offering a real-time understanding of critical factors. This immediacy enables organizations to adapt swiftly to changing market dynamics, identify emerging trends, and make informed strategic choices. With the ability to access current and relevant information, decision-makers are empowered to navigate uncertainties, ensuring their actions align seamlessly with the dynamic nature of today’s business environment. 

The Role of Technology in Enabling Data-Driven Decisions 

  • Artificial Intelligence and Machine Learning: Leveraging AI and ML algorithms can automate data analysis, identify patterns, and provide predictive insights. These technologies empower organizations to make proactive decisions based on historical data and future trends. 
  • Cloud Computing: Cloud platforms facilitate scalable storage and processing of large datasets. Cloud computing not only enhances data accessibility but also enables real-time decision-making by reducing the time required for data processing. 

Cultivating a Data-Driven Culture 

  • Leadership Buy-In: For a successful transition to a data-driven culture, leadership support is paramount. Leadership should actively endorse the utilization of data, setting a precedent by integrating data-driven insights into their decision-making processes. 
  • Employee Training and Engagement: Ensuring that employees at all levels have the necessary data literacy is crucial. Training programs can empower staff to use data effectively in their roles, fostering a culture where data is seen as an asset rather than a burden. 
  • Continuous Learning and Adaptation: The data landscape is ever-evolving. Organizations need to dedicate themselves to ongoing learning and adaptation, keeping pace with emerging technologies and methodologies to stay ahead in the realm of data-driven decision-making. 

Measuring Success and Iterating 

  • Key Performance Indicators (KPIs): Define KPIs that align with organizational goals and regularly assess performance against these metrics. This enables organizations to measure the impact of data-driven decisions and adjust strategies accordingly. 
  • Iterative Improvement: Embrace a culture of continuous improvement. Regularly review and refine data processes, technologies, and decision-making frameworks to stay agile and responsive to changing business conditions. 

Scenarios where Data-Driven Decision-Making Helps: 

  • Over-the-top (OTT) platforms in the media distribution industry employ data-driven decision-making by leveraging viewer data metrics such as watch times, search queries, and drop-off rates to evaluate user preferences. Consequently, this assists the streaming giants in determining which new shows or movies to renew, add, or produce. 
  • E-commerce platforms examine user behavior, encompassing searches, page views, and purchases, to deliver personalized product recommendations. This not only enhances user experience but also stimulates additional sales. 
  • Vacation rental companies offer hosts dynamic pricing recommendations derived by analyzing factors such as property type, location, demand, and other listed prices in the area. This is essential for optimizing occupancy and revenue. 

The journey towards data-driven decision-making across the enterprise is transformative and requires a holistic approach. By building a foundation of robust data practices, leveraging cutting-edge technologies, fostering a data-driven culture, and committing to ongoing improvement, organizations can unlock the full potential of their data and navigate the complexities of the modern business landscape with confidence and precision. 

How Fresh Gravity can help? 

At Fresh Gravity, we help organizations navigate the data landscape by guiding them toward intelligent and impactful decisions that drive success across the enterprise. Our team of seasoned professionals is dedicated to empowering organizations through a comprehensive suite of services tailored to extract actionable insights from their data. By incorporating innovative techniques for data collection, robust analytics, and advanced visualization techniques, we ensure that decision-makers have access to accurate, timely, and relevant information.  

Whether it’s leveraging descriptive analytics for historical insights, predictive analytics to foresee future trends, or prescriptive analytics for optimized decision pathways, Fresh Gravity is committed to providing the tools and expertise necessary to transform raw data into strategic advantages. To know more about our offerings, please write to us at info@freshgravity.com. 

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Navigating the Data Governance Landscape: Reflections from 2023 and Predictions for 2024 https://www.freshgravity.com/insights-blogs/data-governance-for-2024/ https://www.freshgravity.com/insights-blogs/data-governance-for-2024/#respond Mon, 29 Jan 2024 11:55:59 +0000 https://www.freshgravity.com/?p=1590 Written By Neha Sharma, Sr. Manager, Data Management Data governance has become the foundation for organizations striving to harness the power of their data while ensuring compliance, security, and ethical use. In this blog, we delve into significant advancements within the data governance landscape throughout 2023 and offer insights and forecasts for the year ahead.   […]

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Written By Neha Sharma, Sr. Manager, Data Management

Data governance has become the foundation for organizations striving to harness the power of their data while ensuring compliance, security, and ethical use. In this blog, we delve into significant advancements within the data governance landscape throughout 2023 and offer insights and forecasts for the year ahead.  

Reflections from 2023 

Rise of AI-driven Data Governance 

In 2023, we witnessed a significant shift towards the integration of artificial intelligence (AI) in data governance practices. Organizations began leveraging AI tools to automate data classification, enforce compliance policies, and detect anomalies. Machine learning algorithms played a crucial role in identifying patterns, predicting potential breaches, and streamlining the overall data governance process. AI not only enhanced efficiency but also enabled organizations to adapt swiftly to the dynamic data landscape. 

Focus on Ethical Data Use 

The ethical use of data took center stage in 2023 as organizations faced increasing scrutiny and public awareness regarding data privacy and responsible AI practices. Companies realized the importance of establishing ethical guidelines and frameworks within their data governance strategies. Transparency, consent management, and responsible handling of sensitive information became paramount. This shift contributed to building trust with customers and aligned organizations with emerging data protection regulations. 

Collaborative Data Governance Ecosystems 

In 2023, organizations began moving away from siloed approaches to data governance, acknowledging the importance of a collaborative approach across departments. Data governance initiatives became more holistic, involving stakeholders from IT, legal, compliance, and business units. This collaborative approach facilitated a more comprehensive understanding of data flows, dependencies, and business impact. It also helped establish a unified data governance framework that could adapt to the organization’s evolving needs. 

As we reflect on the transformations in data governance from 2023, it is evident that the landscape will continue to evolve in 2024. 

Predictions for 2024 

Integration of Blockchain for Immutable Data Records 

In 2024, we predict an increased integration of blockchain technology in data governance frameworks. Blockchain’s inherent characteristics such as immutability and decentralized verification make it an ideal solution for maintaining transparent and tamper-proof data records. This integration will enhance data integrity, provide a verifiable audit trail, and contribute to building trust in data-driven decision-making processes. 

Emphasis on Explainable AI in Data Governance 

As AI continues to play a pivotal role in data governance, we predict that there will be a heightened focus on explainable AI in 2024 wherein organizations will demand transparency and interpretability in AI algorithms to understand how decisions are made. Explainable AI will become a crucial component in ensuring compliance, addressing bias, and building trust among stakeholders who rely on AI-driven insights for decision-making. 

Dynamic Data Governance for Real-Time Compliance 

The regulatory landscape is evolving rapidly, and in 2024, we anticipate a shift toward dynamic data governance to accommodate real-time compliance requirements. Organizations will adopt agile data governance frameworks that can adapt swiftly to regulatory changes, ensuring continuous compliance and reducing the risk of regulatory penalties. Automation will play a key role in enabling organizations to stay ahead of compliance challenges. 

The implementation of advanced technologies, a heightened focus on ethics, and collaborative approaches will be instrumental in shaping the future of data governance. Organizations that embrace these trends and proactively adapt to the changing data governance landscape will position themselves for success in an increasingly data-driven world. 

How can Fresh Gravity help navigate this ever-evolving landscape of data governance? 

Fresh Gravity has immense experience and expertise to help organizations establish robust data management frameworks, implement best practices, and ensure compliance with evolving regulations. We offer tailored solutions for data classification, access controls, and privacy measures contributing to improved data quality and security. Additionally, we help our clients adopt innovative solutions that align with the dynamic needs of the data governance landscape by staying abreast of emerging technologies. Through consultation, implementation support, and ongoing collaboration, we play a pivotal role in helping organizations adapt and thrive in the complex world of data governance. To know more about our services, please write to us at info@freshgravity.com. 

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Data and Databricks: Concept and Solution   https://www.freshgravity.com/insights-blogs/data-and-databricks/ https://www.freshgravity.com/insights-blogs/data-and-databricks/#respond Thu, 25 Jan 2024 11:07:01 +0000 https://www.freshgravity.com/?p=1586 Blog co-authors: Saswata Nayak, Manager, Data Management As we stand at the most crucial time of this decade which is believed to be the “Decade of Data”, let’s take a look at how this generation of data is going to live up to the hype it has created. Be it any field of life, most […]

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Blog co-authors: Saswata Nayak, Manager, Data Management

As we stand at the most crucial time of this decade which is believed to be the “Decade of Data”, let’s take a look at how this generation of data is going to live up to the hype it has created. Be it any field of life, most decisions we make today are based on data that we hold around that subject. When the size of data is substantially small, our subconscious mind processes it and makes decisions with ease, but when the size of data is larger and decision-making is complex, we need machines to process the data and use artificial intelligence to make critical and insightful decisions.  

In today’s data-driven world, every choice, whether made by our brains or machines, relies on data. Data engineering, as the backbone of data management, plays a crucial role in navigating this digital landscape. In this blog, we’ll delve into how machines tackle data engineering and uncover why Databricks stands out as one of the most efficient platforms for the job.  

In a typical scenario, the following are the stages of data engineering –

Migration 

Data migration refers to the process of transferring data from one location, format, or system to another. This may involve moving data between different storage systems, databases, or software applications. Data migration is often undertaken for various reasons, including upgrading to new systems, consolidating data from multiple sources, or moving data to a cloud-based environment. 

Ingestion 

Data ingestion is the process of collecting, importing, and processing data for storage or analysis. It involves taking data from various sources, such as databases, logs, applications, or external streams, and bringing it into a system where it can be stored, processed, and analyzed. Data ingestion is a crucial step in the data pipeline, enabling organizations to make use of diverse and often real-time data for business intelligence, analytics, and decision-making. 

Processing 

Data processing refers to the manipulation and transformation of raw data into meaningful information. It involves a series of operations or activities that convert input data into an organized, structured, and useful format for further analysis, reporting, or decision-making. Data processing can occur through various methods, including manual processing by humans or automated processing using computers and software. 

Quality 

Data quality refers to the accuracy, completeness, consistency, reliability, and relevance of data for its intended purpose. High-quality data is essential for making informed decisions, conducting meaningful analyses, and ensuring the reliability of business processes. Poor data quality can lead to errors, inefficiencies, and inaccurate insights, negatively impacting an organization’s performance and decision-making. 

Governance

Data governance is a comprehensive framework of policies, processes, and standards that ensures high data quality, security, compliance, and management throughout an organization. The goal of data governance is to establish and enforce guidelines for how data is collected, stored, processed, and utilized, ensuring that it meets the organization’s objectives while adhering to legal and regulatory requirements. 

Serving 

Data serving, also known as data deployment or data serving layer, refers to the process of making processed and analyzed data available for consumption by end-users, applications, or other systems. This layer in the data architecture is responsible for providing efficient and timely access to the information generated through data processing and analysis. The goal of data serving is to deliver valuable insights, reports, or results to users who need access to the information for decision-making or other purposes. 

How Databricks helps at each stage 

In recent years, Databricks has been instrumental in empowering organizations to construct cohesive data analytics platforms. The following details showcase how Databricks has managed to achieve this –

Migration/Ingestion

Data ingestion using Databricks involves bringing data into the Databricks Unified Analytics Platform from various sources for further processing and analysis. Databricks supports multiple methods of data ingestion, and the choice depends on the nature of the data and the specific use case. Databricks provides various connectors to connect and ingest or migrate data from different source/ETL systems to cloud storage and the data gets stored in desired file formats inside cloud storage. As most of these formats are open source in nature, later they can be consumed by different layers of architecture or other systems with ease. Autoloader and Delta live table (DLT) are some other great ways to manage and build solid ingestion pipelines.   

Data Processing 

Databricks provides a collaborative environment that integrates with Apache Spark, allowing users to process data using distributed computing. Users can leverage Databricks notebooks to develop and execute code in languages such as Python, Scala, or SQL, making it versatile for various data processing tasks. The platform supports both batch and real-time data processing, enabling the processing of massive datasets with ease. Databricks simplifies the complexities of setting up and managing Spark clusters, offering an optimized and scalable infrastructure. With its collaborative features, Databricks facilitates teamwork among data engineers, data scientists, and analysts. 

Data Quality 

Databricks provides a flexible and scalable platform that supports various tools and techniques for managing data quality. Implement data cleansing steps within Databricks notebooks. This may involve handling missing values, correcting errors, and ensuring consistency across the dataset. Include validation checks in your data processing workflows. Databricks supports the integration of validation logic within your Spark transformations to ensure that data meets specific criteria or quality standards. Leverage Databricks for metadata management. Document metadata related to data quality, such as the source of the data, data lineage, and any transformations applied. This helps in maintaining transparency and traceability. Implement data governance policies within your Databricks environment. Define and enforce standards for data quality and establish roles and responsibilities for data quality management. 

Data Governance 

Data governance using Databricks involves implementing policies, processes, and best practices to ensure the quality, security, and compliance of data within the Databricks Unified Analytics Platform. Databricks’ RBAC features control access to data and notebooks. Assign roles and permissions based on user responsibilities to ensure that only authorized individuals have access to sensitive data. Utilize features such as Virtual Network Service Endpoints, Private Link, and Azure AD-based authentication to enhance the security of your Databricks environment. Enable audit logging in Databricks to track user activities, data access, and changes to notebooks. Audit logs help in monitoring compliance with data governance policies and identifying potential security issues. 

Data Serving 

Data serving using Databricks involves making processed and analyzed data available for consumption by end-users, applications, or other systems. Databricks provides a unified analytics platform that integrates with Apache Spark, making it well-suited for serving large-scale and real-time data. Utilize Databricks SQL Analytics for interactive querying and exploration of data. With SQL Analytics, users can run ad-hoc queries against their data, create visualizations, and gain insights directly within the Databricks environment. Connect Databricks to popular Business Intelligence (BI) tools such as Tableau, Power BI, or Looker. This allows users to visualize and analyze data using their preferred BI tools while leveraging the power of Databricks for data processing. Use Databricks REST APIs to programmatically access and serve data. This is particularly useful for integrating Databricks with custom applications or building data services. Share insights and data with others in your organization. Databricks supports collaboration features, enabling teams to work together on data projects and share their findings. 

In a nutshell, choosing Databricks as your modern data platform might be the best decision you can make. It’s like a superhero for data that is super powerful and can do amazing things with analytics and machine learning. 

We, at Fresh Gravity, know Databricks inside out and can set it up just right for you. We’re like the sidekick that makes sure everything works smoothly. From careful planning to ensuring smooth implementations and bringing in accelerators, we’ve successfully worked with multiple clients throughout their data platform transformation journeys. Our expertise, coupled with a proven track record, ensures a seamless integration of Databricks tailored to your specific needs. From architecture design to deployment and ongoing support, we bring a commitment to excellence that transforms your data vision into reality. 

Together, Databricks and Fresh Gravity form a dynamic partnership, empowering organizations to unlock the full potential of their data, navigate complexities, and stay ahead in today’s data-driven world. 

If you are looking to elevate your data strategy, leveraging the power of Databricks and the expertise of Fresh Gravity, please feel free to write to us at info@freshgravity.com 

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A Deep Dive into the Realm of AI, ML, and DL https://www.freshgravity.com/insights-blogs/a-deep-dive-into-ai-ml-and-dl/ https://www.freshgravity.com/insights-blogs/a-deep-dive-into-ai-ml-and-dl/#respond Wed, 03 Jan 2024 14:50:54 +0000 https://www.freshgravity.com/?p=1582 Written By Debayan Ghosh, Sr. Manager, Data Management In today’s fast-paced world, where information travels at the speed of light and decisions are made in the blink of an eye, a silent revolution is taking place. Picture this: You’re navigating through the labyrinth of online shopping, and before you even type a single letter into […]

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Written By Debayan Ghosh, Sr. Manager, Data Management

In today’s fast-paced world, where information travels at the speed of light and decisions are made in the blink of an eye, a silent revolution is taking place. Picture this: You’re navigating through the labyrinth of online shopping, and before you even type a single letter into the search bar, a collection of products appears, perfectly tailored to your taste. You’re on a video call with a friend, and suddenly, in real-time, your spoken words transform into written text on the screen with an eerie accuracy. Have you ever wondered how your favorite social media platform knows exactly what content will keep you scrolling for hours? 

Welcome to the era of Artificial Intelligence (AI), where the invisible hand of technology is reshaping the way we live, work, and interact with the world around us. As we stand at the crossroads of innovation and discovery, the profound impact of AI is becoming increasingly undeniable. 

In this blog, we embark on a journey to unravel the mysteries of Artificial Intelligence (AI), Machine Learning (ML), and DL (Deep Learning) where they not only keep pace with the present but, set the rhythm for the future. 

Demystifying the trio – AI, ML, and DL 

The terms Artificial Intelligence (AI), Machine Learning (ML), and Deep Learning (DL) are often intertwined. 

At a very high level, DL is a subset of ML, which in turn is a subset of AI. 

AI is any program that can sense, reason, act, and adapt. It is essentially a machine taking any form of intelligent behavior.  

ML is a subset of that, which can replicate intelligent behavior, but the machine continues to learn as more data is exposed to it.  

And then finally, DL is a subset of machine learning. Meaning, that it will also improve as it is exposed to more data, but now specifically to those algorithms which have multi-layered neural networks.  

Deep Dive into ML 

Machine Learning is the study and construction of programs that are not explicitly programmed by humans, but rather learn patterns as they’re exposed to more data over time.  

For instance, if we’re trying to decide whether emails are spam or not, we will start with a dataset with a bunch of emails that are going to be labeled spam versus not spam. These emails will be preprocessed and fed through a Machine Learning algorithm that learns the patterns for spam versus not spam, and the more emails it goes through, the better the model will get. Once the machine algorithm is trained, we can then use the model to predict spam versus not spam. 

Types of ML 

In general, there are two types of Machine Learning: Supervised Learning and Unsupervised Learning.  

For supervised learning, we will have a target column or labels, and, for unsupervised learning, we will not have a target column or labels.  

The goal of supervised learning is to predict that label. An example of supervised learning is fraud detection. We can define our features to be transaction time, transaction amounts, transaction location, and category of purchase. After combining all these features, we should be able to predict the future for a given transaction time, transaction amount, and category of purchase, whether there’s unusual activity, and whether this transaction is fraudulent or not.  

In unsupervised learning, the goal is to find an underlying structure of the dataset without any labels. An example would be customer segmentation for a marketing campaign. For this, we may have e-commerce data and we would want to separate the customers into groups to target them accordingly. In unsupervised learning, there’s no right or wrong answer.  

Machine Learning Workflow  

The machine learning workflow consists of:  

  • Problem statement 
  • Data collection 
  • Data exploration and preprocessing 
  • Modeling and fine-tuning 
  • Validation 
  • Decision Making and Deployment 

So, our first step is the problem statement. What problem are we trying to solve? For example, we want to see different breeds of dogs. This can be done by image recognition.  

The second step is data collection. What data do we need to solve the problem? For example, to classify different dog breeds, we would need not only a single picture of each breed but also, tons of pictures in different lighting, and different angles that are all correctly labeled.  

The next step is data exploration and preprocessing. This is when we clean our data as much as possible so that our model can predict accurately. This includes a deep dive into our data, a look at the distribution counts, and heat maps of the densest points regarding our pixels, after which we reach the next step, modeling. This means building a model to solve our problem. We start with some basic baseline models that we’re going to validate. Did it solve the problem? We validate that by having a set of pictures that we haven’t trained our model on and see how well the model can classify those images, given the labels that we have.  

Then comes decision-making and deployment. So, if we did a good job of getting a certain range of accuracy, we would move forward and put this in a higher environment (that includes Staging and Production) after communicating with the required stakeholders. 

Deep Dive into Deep Learning (DL) 

Defining features in an image, on the other hand, is a much more difficult task and has been a limitation of Traditional Machine Learning techniques. Deep Learning, however, has done a good job of addressing this. 

So, suppose we want to determine if an image is a cat or a dog, what features should we use? For images, the data is taken as numerical data to reference the coloring of each pixel within our image. A pixel could then be used as a feature. However, even a small image will have 256 by 256 pixels, which comes out to be over 65,000 pixels. 65,000 pixels means 65,000 features which is a huge number of features to be working with.  

Another issue is that using each pixel as an individual means losing the spatial relationship to the pixels around it. In other words, the information of a pixel makes sense relative to its surrounding pixels. For instance, you have different pixels that make up the nose, and different pixels that make up the eyes, separating that according to where they are on the face is quite a challenging task. This is where Deep Learning comes into the picture. Deep Learning techniques allow the features to learn on their own and combine the pixels to define these spatial relationships. 

Deep Learning is Machine Learning that involves using very complicated models called deep neural networks. Deep Learning is cutting edge and is where most of the Machine Learning research is focused on at present. It has shown exceptional performance compared to other algorithms while dealing with large datasets.  

However, it is important to note that with smaller datasets, standard Machine Learning algorithms often perform significantly better than Deep Learning algorithms. Also, if the data changes a lot over time and there isn’t a steady dataset, in that case, Machine Learning will probably do a better job in terms of performance over time.  

Types of Libraries used for AI models: 

We can use the following Python libraries:  

  • Numpy for numerical analysis 
  • Pandas for reading the data into Pandas DataFrames 
  • Matplotlib and Seaborn for visualization 
  • Scikit-Learn for machine learning  
  • TensorFlow and Keras for deep learning specifically 

 How is AI creating an impact for us today? Is this era of AI different? 

The two spaces where we see drastic growth and innovation today are computer vision and natural language processing 

The sharp advancements in computer vision are impacting multiple areas. Some of the most notable advancements are in the automobile industry where cars can drive themselves. In healthcare, computer vision is now used to review different imaging modalities, such as X-rays and MRIs to diagnose illnesses. We’re fast approaching the point where machines are doing as well, if not better than the medical experts.  

Similarly, natural language processing is booming with vast improvements in its ability to translate words into texts, determine sentiment, cluster new articles, write papers, and much more.  

Factors that have contributed to the current state of Machine Learning are:  

  • Bigger data sets 
  • Faster computers  
  • Open-source packages 
  • Wide range of neural network architectures

We now have larger and more diverse datasets than ever before. With the Cloud infrastructure now in place to store copious amounts of data for much cheaper, getting access to powerful hardware for processing and storing data, we now have larger, finer datasets to learn underlying patterns across a multitude of fields. All this is leading to cutting-edge results in a variety of fields.  

For instance, our phones can recognize our faces and our voices, they can look at pictures and identify pictures of us and our friends. We have stores where we can walk in and pick things up such as Amazon Go and not have to go to a checkout counter. We have our homes being powered by our voices telling smart machines to play music or switch the lights on/off.  

All of this has been driven by the current era of artificial intelligence. AI is now used to aid in medical imaging. For drug discovery, a great example is Pfizer which is using IBM Watson to leverage machine learning to power its drug discovery and search for immuno-oncology drugs. Patient care is being driven by AI. AI research within the healthcare industry has helped advance sensory aids for the deaf, blind, and those who have lost limbs. 

How Fresh Gravity can help? 

Fresh Gravity has rich experience and expertise in Artificial Intelligence. Our AI offerings include Machine Learning, Deep Learning Solutions, Natural Language Processing (NLP) Services, Generative AI Solutions, and more. To learn more about how we can help elevate your data journey through AI, please write to us at info@freshgravity.com or you can directly reach out to me at debayan.Ghosh@freshgravity.com. 

Please follow us at Fresh Gravity for more insightful blogs. 

 

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