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Data Scalability Raises Considerable Risk Management Concerns

Smart Data Collective

Are you frustrated by an increase in the quantity of the data that your organization handles? Many businesses globally are dealing with big data which brings along a mix of benefits and challenges. A report by China’s International Data Corporation showed that global data would rise to 175 Zettabyte by 2025.

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4 smart technologies modernizing sourcing strategy

IBM Big Data Hub

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.

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What is data governance? Best practices for managing data assets

CIO Business Intelligence

The Business Application Research Center (BARC) warns that data governance is a highly complex, ongoing program, not a “big bang initiative,” and it runs the risk of participants losing trust and interest over time. Informatica Axon Informatica Axon is a collection hub and data marketplace for supporting programs.

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Transforming FSI in ASEAN with Cloud Analytics

CIO Business Intelligence

Its success is one of many instances illustrating how the financial services industry is quickly recognizing the benefits of data analytics and what it can offer, especially in terms of risk management automation, customized experiences, and personalization. . compounded annual growth from 2019 to 2024. .

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Maximize your data dividends with active metadata

IBM Big Data Hub

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.

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Build trust in banking with data lineage

IBM Big Data Hub

This level of visibility also helps ensure that changes made over time don’t introduce new risks into the organization, can make it easier for banks to stay within regulatory guidelines, and helps ensure banks can respond quickly to changing business needs.

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3 new steps in the data mining process to ensure trustworthy AI

IBM Big Data Hub

Model risk management. Again, data quality should be tracked by comparing the production data distribution to the data used to train the model. Often variables are correlated and bias can sneak in through one of the correlated fields, living as a proxy replacement in the model.