DataKitchen

MAY 10, 2024

The Five Use Cases in Data Observability: Fast, Safe Development and Deployment (#4) Introduction The integrity and functionality of new code, tools, and configurations during the development and deployment stages are crucial. This process is critical as it ensures data quality from the onset.

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Testing Cost-Benefit Data Quality Dashboards 124

DataRobot Blog

MAY 10, 2022

Addressing the Key Mandates of a Modern Model Risk Management Framework (MRM) When Leveraging Machine Learning . The regulatory guidance presented in these documents laid the foundation for evaluating and managing model risk for financial institutions across the United States. To reference SR 11-7: .

Risk 64

Risk Modeling Machine Learning Data Quality 64

Cloudera

JULY 15, 2021

We recently hosted a roundtable focused on o ptimizing risk and exposure management with data insights. For financial institutions and insurers, risk and exposure management has always been a fundamental tenet of the business. Now, risk management has become exponentially complicated in multiple dimensions. .

Risk 99

Risk Optimization Management Insurance 99

Alation

AUGUST 5, 2021

What is Data Quality? Data quality is defined as: the degree to which data meets a company’s expectations of accuracy, validity, completeness, and consistency. By tracking data quality , a business can pinpoint potential issues harming quality, and ensure that shared data is fit to be used for a given purpose.

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Data Quality IT Data Governance Sales 52

DataKitchen

MARCH 12, 2024

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. After working with DataKitchen for a while, we noticed almost an absolute absence of data errors we didn’t catch earlier. That was amazing for the team.”

Metrics 117

Metrics Software Cost-Benefit Testing 117

Jim Harris

JANUARY 1, 2016

Lest my pith be misunderstood aplenty, this blog post provides more detail, plus links to related posts, about what I meant. 1 — Investigate Data quality is not exactly a riddle wrapped in a mystery inside an enigma. However, understanding your data is essential to using it effectively and improving its quality.

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Data Quality Data Governance Cost-Benefit ROI 61

Alation

SEPTEMBER 7, 2021

This is the last of the 4-part blog series. In the previous blog , we discussed how Alation provides a platform for data scientists and analysts to complete projects and analysis at speed. In this blog we will discuss how Alation helps minimize risk with active data governance. Find Trusted Data.

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Data Governance Risk Data Quality Dashboards 59

DataRobot Blog

MAY 26, 2022

To start with, SR 11-7 lays out the criticality of model validation in an effective model risk management practice: Model validation is the set of processes and activities intended to verify that models are performing as expected, in line with their design objectives and business uses.

Risk 52

Risk Modeling Metrics Business Objectives 52

DataKitchen

FEBRUARY 27, 2024

However, the foundation of their success rests not just on sophisticated algorithms or computational power but on the quality and integrity of the data they are trained on and interact with. The Imperative of Data Quality Validation Testing Data quality validation testing is not just a best practice; it’s imperative.

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Data Quality Unstructured Data Testing Modeling 117

DataKitchen

AUGUST 8, 2023

On 20 July 2023, Gartner released the article “ Innovation Insight: Data Observability Enables Proactive Data Quality ” by Melody Chien. It alerts data and analytics leaders to issues with their data before they multiply. It alerts data and analytics leaders to issues with their data before they multiply.

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Data Quality Testing Snapshot Reporting 130

DataKitchen

MARCH 5, 2024

The Stakeholder Confidence Crisis Relying on hope as a data accuracy and integrity strategy is fraught with risks. Stakeholders, from internal teams to external clients, seek confidence in the data they use and depend on. You will be in trouble if you are not measuring data quality or delivering error rates and SLAs.

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Data Quality Measurement Testing Data-driven 146

DataKitchen

SEPTEMBER 21, 2023

These layers help teams delineate different stages of data processing, storage, and access, offering a structured approach to data management. In the context of Data in Place, validating data quality automatically with Business Domain Tests is imperative for ensuring the trustworthiness of your data assets.

Testing 169

Testing Data Quality Predictive Modeling Metrics 169

erwin

APRIL 16, 2024

The data mesh approach distributes data ownership and decentralizes data architecture, paving the way for enhanced agility and scalability. With distributed ownership there is a need for effective governance to ensure the success of any data initiative. This empowers individual teams to own and manage their data.

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Metadata Data Quality Data Governance Modeling 52

IBM Big Data Hub

MAY 9, 2024

Conversely, confidence in the accuracy and consistency of your data can minimize the risk of adverse health outcomes, rather than merely reacting to or causing them. Also, using predictive analytics can help identify trends, patterns and potential future health risks in your patients.

Data Governance 68

Data Governance Data Quality Insurance Predictive Analytics 68

datapine

NOVEMBER 27, 2019

Companies are no longer wondering if data visualizations improve analyses but what is the best way to tell each data-story. 2020 will be the year of data quality management and data discovery: clean and secure data combined with a simple and powerful presentation. 1) Data Quality Management (DQM).

Business Intelligence 361

Business Intelligence Analytics Prescriptive Analytics Data Quality 361

IBM Big Data Hub

JANUARY 9, 2024

Companies still often accept the risk of using internal data when exploring large language models (LLMs) because this contextual data is what enables LLMs to change from general-purpose to domain-specific knowledge. This may also entail working with new data through methods like web scraping or uploading.

Enterprise 73

Enterprise Data Integration Data Quality Contextual Data 73

IBM Big Data Hub

FEBRUARY 28, 2024

Successful strategic sourcing often results in process optimization, cost management, customer satisfaction, risk management , increased sustainability and other benefits. Sourcing teams are automating processes like data analysis as well as supplier relationship management and transaction management.

Strategy 97

Strategy Technology Cost-Benefit Risk Management 97

DataKitchen

FEBRUARY 21, 2023

are more efficient in prioritizing data delivery demands.” Release New Data Engineering Work Often With Low Risk: “Testing and release processes are heavily manual tasks… automate these processes.” Learn, improve, and iterate quickly (with feedback from the customer) with low risk.

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Data-driven Testing Risk Cost-Benefit 130

O'Reilly on Data

NOVEMBER 28, 2023

Unexpected outcomes, security, safety, fairness and bias, and privacy are the biggest risks for which adopters are testing. We’re not encouraging skepticism or fear, but companies should start AI products with a clear understanding of the risks, especially those risks that are specific to AI.

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Enterprise Modeling Testing Reporting 267

IBM Big Data Hub

NOVEMBER 29, 2023

To build that trust and drive broad adoption, vendors of synthetic data generation tools will need to address two critical questions that many business leaders ask: Will synthetic data expose my business to additional data privacy risks? How accurately does synthetic data reflect my existing data?

Metrics 82

Metrics Machine Learning Risk Statistics 82

Smart Data Collective

SEPTEMBER 28, 2022

Data engineering services can analyze large amounts of data and identify trends that would otherwise be missed. If you’re looking for ways to increase your profits and improve customer satisfaction, then you should consider investing in a data management solution. Information management mitigates the risk of errors.

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Big Data Management Data Quality Cost-Benefit 104

IBM Big Data Hub

APRIL 20, 2023

When consumers lose trust in a bank’s ability to manage risk, the system stops working. Banks and their employees place trust in their risk models to help ensure the bank maintains liquidity even in the worst of times. This can ensure that the decisions made are reliable and of high quality.

Risk 69

Risk Risk Management Reporting Metadata 69

Cloudera

SEPTEMBER 7, 2023

But it’s also fraught with risk. This June, for example, the European Union (EU) passed the world’s first regulatory framework for AI, the AI Act , which categorizes AI applications into “banned practices,” “high-risk systems,” and “other AI systems,” with stringent assessment requirements for “high-risk” AI systems.

Insurance 81

Insurance Risk Data-driven Finance 81

IBM Big Data Hub

NOVEMBER 28, 2022

Provide early indicators of data quality. Poor data quality is one of the top barriers faced by organizations aspiring to be data-driven. Most data quality management approaches are reactive, triggered only when consumers complain to data teams about the integrity of datasets.

Metadata 56

Metadata Data Quality Data-driven Data Governance 56

Alation

AUGUST 9, 2022

But almost all industries across the world face the same challenge: they aren’t sure if their data is accurate and consistent, which means it’s not trustworthy. This can cause anything from day-to-day issues to significant business problems and risks. Many confuse data integrity with data quality.

Data Integration 52

Data Integration Data Quality Measurement Strategy 52

DataKitchen

OCTOBER 20, 2023

Deploying a Data Journey Instance unique to each customer’s payload is vital to fill this gap. Such an instance answers the critical question of ‘Dude, Where is my data?’ ’ while maintaining operational efficiency and ensuring data quality—thus preserving customer satisfaction and the team’s credibility.

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Insurance Metadata Data-driven Data Quality 169

Rocket-Powered Data Science

FEBRUARY 15, 2023

3) How do we get started, when, who will be involved, and what are the targeted benefits, results, outcomes, and consequences (including risks)? I have developed a few rules to help drive quick wins and facilitate success in data-intensive and AI ( e.g., Generative AI and ChatGPT) deployments.

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Strategy Experimentation Uncertainty Machine Learning 290

Laminar Security

DECEMBER 13, 2023

Close to 70% of respondents in an ISC report indicated that they believe their organization lacks requisite cybersecurity staff to handle cloud data risk effectively. Learn in this article how Laminar harnesses AI for data discovery and classification and reduces public cloud data risks.

Data-driven 119

Data-driven Machine Learning Risk Deep Learning 119

Alation

AUGUST 17, 2022

We’ve seen the emergence of new, less invasive approaches, yet the question remains: What do CIOs think is most required to deliver a successful data governance program? The Risks of Early Data Governance Programs. The biggest risk was a lack of ownership. If your definitions are bad, so is your governance/risk/security.

Data Governance 92

Data Governance Risk Data-driven Measurement 92

Cloudera

MARCH 3, 2022

In 2017, Anthem reported a data breach that exposed thousands of its Medicare members. The medical insurance company wasn’t hacked, but its customers’ data was compromised through a third-party vendor’s employee. 86% of Experian survey respondents’, for instance, are prioritizing moving their data to the cloud in 2022.

Data Governance 98

Data Governance Enterprise Data Quality Metadata 98

IBM Big Data Hub

APRIL 10, 2023

A well-designed data architecture should support business intelligence and analysis, automation, and AI—all of which can help organizations to quickly seize market opportunities, build customer value, drive major efficiencies, and respond to risks such as supply chain disruptions.

Strategy 87

Strategy Data Architecture Cost-Benefit Reporting 87

IBM Big Data Hub

JANUARY 25, 2024

Considering that IDC surveyed 37% of companies that manage spare parts inventory by using spreadsheets, email, shared folders or an uncertain approach, it becomes evident that this practice carries more risk than it might seem. Master data enrichment to enhance categorization and materials attributes. Results may vary.

Optimization 75

Optimization Cost-Benefit Prescriptive Analytics Manufacturing 75

Cloudera

MARCH 14, 2023

In this environment complexity can quickly get out of hand, leaving IT teams with a backlog of requests while impatient LOB users create sub-optimal workarounds and rogue pipelines that add risk. Data quality issue? Good luck auditing data lineage and definitions where policies were never enforced. Security breach?

Cost-Benefit 78

Cost-Benefit Data-driven Risk Data Governance 78

Alation

APRIL 18, 2023

For any data user in an enterprise today, data profiling is a key tool for resolving data quality issues and building new data solutions. In this blog, we’ll cover the definition of data profiling, top use cases, and share important techniques and best practices for data profiling today.

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IT Metadata Data Quality Data Governance 52

IBM Big Data Hub

JANUARY 25, 2023

In our last blog , we introduced Data Governance: what it is and why it is so important. In this blog, we will explore the challenges that organizations face as they start their governance journey. Organizations have long struggled with data management and understanding data in a complex and ever-growing data landscape.

Data Governance 52

Data Governance Data-driven Strategy Management 52

IBM Big Data Hub

MAY 15, 2024

Business leaders risk compromising their competitive edge if they do not proactively implement generative AI (gen AI). Organizations require reliable data for robust AI models and accurate insights, yet the current technology landscape presents unparalleled data quality challenges.

Cost-Benefit 69

Cost-Benefit Data Integration Data Architecture Manufacturing 69

DataKitchen

OCTOBER 2, 2023

One of the most pressing issues is the ownership of databases by multiple data teams, each with its governance protocols, leading to a volatile data environment rife with inconsistencies and errors. The Hub Data Journey provides the raw data and adds value through a ‘contract.

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Data Quality Testing Uncertainty Data Enablement 100