Articles

Sagence is a firm for the intellectually curious. Below are a collection of articles to help you stay informed on industry trends and developments.

To refine your search, apply a filter:

Industry

Service Area

The Rise of Data and Technology in the Banking Industry

Data and technology in the banking industry are automating tasks not previously possible. Learn how AI and decreased computing power costs are revolutionizing the banking industry.

Why Your Security Framework Can Make or Break Your CLM Strategy

The notion of Contract Lifecycle Management (CLM) is not a new concept; memorialized contracts are at the basis of nearly every significant event or obligation. From the Hollywood actor whose movie contract declares the specific number of films to appear in, or the exchange-traded wheat futures contract which states the amount and grade of wheat…

4 Ways NLP Accelerates Contract Data Extraction

Accurate and targeted extraction of data from completed contracts is one of the main aims of any Contract Lifecycle Management platform. Unfortunately many current solutions, including Optical Character Recognition (OCR) and manual input screens require complex initial configuration as well as many resources devoted to data entry, review and/or correction. Natural Language Processing (NLP) is a technique…

5 Signs Your Firm Needs to Invest in Contract Lifecycle Management

Within the past decade, focus on contract lifecycle management has become increasingly important. Due to the advent of complex financial instruments with a high dependency on nuanced financial and legal terms, many legacy contract structures run the risk of unenforceability. While firms pay considerable attention to negotiating the best terms in legal contracts, they must…

The “New” Enterprise Data Architecture

Having an Enterprise Data Architecture that supplies sets of data quickly and securely to analysts is the key to unlocking insights for the Enterprise. Download our POV below. On May 14, 2009, the European Space Agency launched the Planck spacecraft. Its mission was to map cosmic microwave radiation background. This map demonstrated how each minuscule…

How Taxonomies & Ontologies Help Maximize Data Assets

An article by Thomas H. Davenport posted in the Wall Street Journal: CIO Journal, “It’s Way Too Late Not to Know Where Your Data Is,” examines several crucial steps companies must take to gain control of their data. As explained by Davenport, many corporations have similar fears about their data models: What is the state…

3 Tips: Spend More Time Analyzing, Not Organizing, Data

Companies spend 80% of their time preparing data for analysis. Let’s explore how Sagence helped a large pharmacy healthcare provider significantly reduce data preparation time, enabling the company to spend more time on data analysis and ultimately realize returns on its data investments. One of our clients, a large pharmacy healthcare provider with integrated offerings across…

Applying Natural Language Processing (NLP) towards unstructured data extraction

In our previous blog, “Fitting a square peg in a round hole – managing unstructured data,” we pointed out the need for a more non-traditional way of managing unstructured data (mainly, text-based data). In this blog, we are going to look at Natural Language Processing (NLP) as a viable “non-traditional” technique on handling large volumes…

Set Your Data Free in Three Easy Steps

Over the past decade, the amount of data available within organizations has grown exponentially. When acted upon strategically, this data has great potential value. It contains a wealth of information that can improve the knowledge capital within an organization, improve operational efficiencies, and provide insight into new business possibilities. To realize this value, the following three…

The Profile of a CDO

Unlike the CIO, whose career progressed through various roles in IT until becoming Vice President or Director, the career path of the CDO is less well-defined. Since the position is relatively new, the prerequisites aren’t clear; in fact, the role itself is not well-defined. So what should companies look for in a CDO? What characteristics…

The Role of the CDO

The exponential growth in the diversity, quantity and availability of data is complicating the job of managing enterprise data. To manage and create value out of these critical data assets, a new C-level position has been created: the CDO. The primary goal of the CDO is to realize the value of data across the enterprise.…

Business Analysis & Data Profiling: Can’t Have One Without the Other

Peanut butter and jelly. Vanilla ice cream and apple pie. Love and marriage. Sonny and Cher. What do these have in common? Each individual component is pretty good on its own, yet the combination of both is far superior. The same can be said for business analysis and data profiling. When gathering requirements or troubleshooting…

Why Have a Chief Data Officer?

Data has evolved from being siloed in specific-purpose applications into distributed databases that share data across applications. Data is a shared resource, but like any other, it must be owned and managed. But by whom? Sagence believes it should be the CDO. Is the role of Chief Data Officer (CDO) necessary? We’ve all heard the…

Fitting a Square Peg in a Round Hole – Managing Unstructured Data

Enterprise data is expected to grow by 800% in five years, with 80% of that growth represented by unstructured data. Yet one of the biggest challenges organizations face is extracting intelligence from large volumes of unstructured data. Computing software will need to search for data and be required to match on the meaning of words,…

Data Analytics Professionals – Taking us from hindsight to foresight

Successful data analytics professionals typically possess deep, practical experience in a number of competencies, ranging from data profiling to leveraging industry-leading tools and technologies to drive value. The past is prologue for the present. However, the present need not be prologue for the future. Not if our Sagence professionals have anything to do with that…

Financial Services Players Capture Value Via Reference Data Sharing

Standardization and data sharing have historically been strengths in the financial services industry. For example, the networked ATM was an early win in the financial services industry. The ability to take advantage of the network effects and data sharing was one of the earliest examples of how network effects can and do add value. Another…

Discover A Week in the Life of a Data Management Professional

To fully realize data’s potential, it is essential for the data management team to have the right skills and technical know-how. Successful data management professionals typically possess deep, practical experience in a number of data management competencies. Channel and product proliferation, geographic expansion, multiple customer segments, purpose-built IT applications, and company acquisitions collectively impact an organization’s…

Data Science: Jump Start Your Approach

Inaction breeds doubt and fear. Action breeds confidence and courage. If you want to conquer fear, do not sit home and think about it. Go out and get busy. (Dale Carnegie) With the velocity of innovation increasing daily, companies must take proactive steps to capitalize on their core competencies and capture and maintain competitive advantages…