Digitalisation initiatives and innovative use cases in areas such as artificial intelligence (AI), machine learning (ML) and the Internet of Things (IoT) often lack a foundation of data on which to build. As a result, these projects fail or are unable to realise their full potential.
What makes for a good database is not just the amount of data it contains. The opposite is actually true. Companies can drown in data if there is too much of it. They need to find ways to keep track of what data is available, what information it contains and how they can access it. In addition to the amount of data and having an overview of data, the quality of the information is another important factor. Mechanisms are needed to ensure that the data is and remains reliable, consistent and trustworthy.