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How Big Data Impacts The Finance And Banking Industries

Smart Data Collective

Nowadays, terms like ‘Data Analytics,’ ‘Data Visualization,’ and ‘Big Data’ have become quite popular. A 2013 survey conducted by the IBM’s Institute of Business Value and the University of Oxford showed that 71% of the financial service firms had already adopted analytics and big data. The Underlying Concept.

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6 benefits of data lineage for financial services

IBM Big Data Hub

Data lineage helps you answer these questions by creating highly detailed visualizations of your data flows. The Basel Committee released BCBS 239 as far back as 2013. The regulation was meant to strengthen banks’ risk-related data-aggregation and reporting capabilities—enhancing trust in data.

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What is BCBS 239 Compliance?

Octopai

BCBS 239 is a document published by that committee entitled, Principles for Effective Risk Data Aggregation and Risk Reporting. The document, first published in 2013, outlines best practices for global and domestic banks to identify, manage, and report risks, including credit, market, liquidity, and operational risks.

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Why you should care about debugging machine learning models

O'Reilly on Data

1] This includes C-suite executives, front-line data scientists, and risk, legal, and compliance personnel. These recommendations are based on our experience, both as a data scientist and as a lawyer, focused on managing the risks of deploying ML. That’s where model debugging comes in. Sensitivity analysis.

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It's Not The Ink, It's The Think: 6 Effective Data Visualization Strategies

Occam's Razor

Delete anything that's redundant, and simply visualize what's left for sharper focus. The challenge of course is that it is quite odd to see that the 2,120k number is on a graph that is visually lower than 106k. I'm doing it to have the ability to simplify things, and take risks. My approach was simple.

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Amazon Redshift announcements at AWS re:Invent 2023 to enable analytics on all your data

AWS Big Data

In 2013, Amazon Web Services revolutionized the data warehousing industry by launching Amazon Redshift , the first fully-managed, petabyte-scale, enterprise-grade cloud data warehouse. With Redshift, we are able to view risk counterparts and data in near real time— instead of on an hourly basis.

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10 Big Data Examples Showing The Great Value of Smart Analytics In Real Life At Restaurants, Bars, and Casinos

datapine

In 2013, they took a slight risk and introduced a veggie smoothie to their previously fruit-only smoothie menu. It does this by using Artwork Visual Analysis (AVA) “a collection of tools and algorithms designed to surface high-quality imagery from videos. Behind the scenes.

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