Definitions

 A data cartel is a group within a corporation whose goal is to increase their collective value by means of limiting access to critical data.

Data democratization is the methodologies and processes of making data accessible to a larger group of people within an organization, including non-technical, in order to promote transparency, collaboration, and informed decision-making.

Traditionally, data has been centralized within a small group of experts, such as data analysts or IT professionals, who have the skills and tools needed to manipulate and analyze it. This created bottlenecks associated with data usage. In addition, it promotes data cartels. Data democratization seeks to break down these barriers and empower more people to access, understand, and use data to inform their work.

In practical terms, data democratization can involve creating user-friendly dashboards, providing training on data analysis tools, and using open data formats that can be easily shared and accessed by anyone. By making data more accessible and understandable, organizations can foster a culture of collaboration and evidence-based decision-making, leading to better outcomes for everyone involved.