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UK Government tests frictionless trade models with Ecosystem of Trust pilots

IBM Big Data Hub

The UK government’s Ecosystem of Trust is a potential future border model for frictionless trade, which the UK government committed to pilot testing from October 2022 to March 2023.

Testing 88
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Key Success Metrics, Benefits, and Results for Data Observability Using DataKitchen Software

DataKitchen

We kept adding tests over time; it has been several years since we’ve had any major glitches. Our vision was to create a flexible, state-of-the-art data infrastructure that would allow our analysts to transform the data rapidly with a very low risk of error. Data errors can cause compliance risks. That was amazing for the team.”

Metrics 117
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What is Model Risk and Why Does it Matter?

DataRobot Blog

This provides a great amount of benefit, but it also exposes institutions to greater risk and consequent exposure to operational losses. The stakes in managing model risk are at an all-time high, but luckily automated machine learning provides an effective way to reduce these risks.

Risk 111
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Data Journey First DataOps

DataKitchen

Teams Did Not Build Current Architecture For Rapid And Low-Risk Changes Those Systems Teams have complicated in-place data architectures and tools and fear changes to what is already running. No Time For Data Validation Testing Teams must learn what, where, and how to check raw, integrated, or ‘data in use’ to ensure the correct outputs.

Testing 130
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How to build a successful disaster recovery strategy

IBM Big Data Hub

Last year, companies spent USD 219 billion on cybersecurity and solutions alone, a 12% increase from 2022, according to a recent report by the International Data Corporation (IDC) (link resides outside ibm.com). billion in 2022 and was poised to grow by 22% in the years ahead. million—a 15% increase over the last 3 years.

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Top Cloud Data Security Statistics for 2023

Laminar Security

This widespread cloud transformation set the stage for great innovation and growth, but it has also significantly increased the associated risks and complexity of data security, especially the protection of sensitive data. increase from 2022. A 2022 ISC report highlighted a cybersecurity workforce gap of 3.4 million jobs , a 26.2%

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MRO spare parts optimization

IBM Big Data Hub

A recent report shows a significant increase in the cost of manufacturing downtime from 2021 to 2022, with Fortune Global 500 companies now losing 11% of their yearly turnover which amounts to nearly USD 1.5 Over time, inventory managers have tested different approaches to determine the best fit for their organizations.