Vice President of Strategy & Investor Relations, DELUXE CORP
The Golden Standard of Data | Brian Anderson | Founder and CEO | Nacelle
Composed data is often weaponized in favor of fragmentation, but what if there is a way to leverage both for optimal outcomes?
About Brian Anderson
In a September 2023 appearance on "The Golden Standard of Data," Brian Anderson discussed the importance of structured data. He stated that "the gold standard really that you're reaching for is data that's also structured and well maintained," which he said enables performance gains and a better understanding of big data without high maintenance costs. Anderson noted that "some standardization is probably healthy" and described Nacelle's canonical Commerce data model as an extensible system that allows brands to add their own objects and fields. He added that structured data is essential for lowering technical debt and capitalizing on new innovations.
Transcript (1 segments)
U
Unknown0:00
Some standardization is probably healthy. At Nacelle, we talk about the canonical commerce data model that we implement on the data that gets sent in to us. It's extensible, meaning you're able to add your own objects and fields for your brand. But it adds what we call structure to your otherwise potentially unstructured data. Once you have structured data, it's not enough to just have data. What you really want, the gold standard, is data that's also structured and well maintained. When you have that, you're really able to take advantage of everything from performance to understanding big data, not having to spend millions of dollars maintaining it, lowering technical debt, and being able to cash in on new innovations.