Octopai

JULY 9, 2020

It required banks to develop a data architecture that could support risk-management tools. Not only did the banks need to implement these risk-measurement systems (which depend on metrics arriving from distinct data dictionary tools), they also needed to produce reports documenting their use.

Insurance 86

Insurance Risk Management Machine Learning Metadata 86

CIO Business Intelligence

MARCH 24, 2023

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.

Data Governance 142

Data Governance Management Metadata Data Quality 142

IBM Big Data Hub

AUGUST 15, 2022

How does a data architecture impact your ability to build, scale and govern AI models? To be a responsible data scientist, there’s two key considerations when building a model pipeline: Bias: a model which makes predictions for people of different group (or race, gender ethnic group etc.) Data risk assessment.

Data mining 60

Data mining Risk Modeling Risk Management 60

CIO Business Intelligence

APRIL 29, 2022

From a policy perspective, the organization needs to mature beyond a basic awareness and definition of data compliance requirements (which typically holds that local operations make data “sovereign” by default) to a more refined, data-first model that incorporates corporate risk management, regulatory and reporting issues, and compliance frameworks.

Digital Transformation 118

Digital Transformation Strategy Data-driven Data Strategy 118

erwin

SEPTEMBER 17, 2020

With complex data architectures and systems within so many organizations, tracking data in motion and data at rest is daunting to say the least. Harvesting the data through automation seamlessly removes ambiguity and speeds up the processing time-to-market capabilities.

Cost-Benefit 143

Cost-Benefit Data Governance Metadata Reporting 143

Cloudera

FEBRUARY 15, 2024

While there are clear reasons SVB collapsed, which can be reviewed here , my purpose in this post isn’t to rehash the past but to present some of the regulatory and compliance challenges financial (and to some degree insurance) institutions face and how data plays a role in mitigating and managing risk.

Insurance 90

Insurance Data Architecture Risk Management Risk 90

Cloudera

JULY 29, 2022

It supports business objectives like increasing revenues, improving customer experience, and driving profitability by giving business units and users access to relevant data so they can quickly gain the insight they need. This does not mean ‘one of each’ – a public cloud data strategy and an on-prem data strategy.

Data Architecture 91

Data Architecture Data Strategy Risk Management Strategy 91

TDAN

DECEMBER 31, 2019

If you are targeted by a criminal online, then you risk losing everything— from your essential data to your reputation. The average cost of a global data breach cost has increased in 2019 and is now $3.92 Cyber-attacks are a huge problem for today’s businesses.

Risk 69

Risk Risk Management Data Architecture Data Strategy 69

Sisense

SEPTEMBER 3, 2020

ROI (return on investment) is also a key concern, as business analysts apply their data-related activities to finance, marketing, and risk management, for instance. Business analysts may work together with data scientists and data analysts in areas such as metric definition and database design.

Statistics 97

Statistics Metrics Visualization Finance 97

BizAcuity

APRIL 6, 2022

Hence, a lot of time and effort should be invested into research and development, hedging and risk management. Data warehousing, data integration and BI systems: The KPIs and data architecture that crypto casinos need to track alter slightly from what regular onlines casinos keep track of.

Data Analytics 52

Data Analytics Analytics B2B Deep Learning 52

TDAN

AUGUST 1, 2023

Rural areas worldwide are disconnected in a landscape that nearly requires the internet to work or socially interact. But eventually, the entire planet will have equal, high-speed internet access. Neglecting the digital divide and broadband gap will cause cybersecurity concerns for communities entering the digital era.

Interactive 52

Interactive Risk Management Data Architecture Risk 52

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 85

Insurance Risk Data-driven Finance 85

Cloudera

NOVEMBER 25, 2021

A modern, cloud-native data architecture with separation of compute and storage, containerized data services (for agility and elasticity), and object storage (for scale and cost-efficiency). Existing in-house tools were inadequate in managing their data workloads considering the increasing scale of data clusters and demand.

Machine Learning 93

Machine Learning IoT Risk ROI 93

Octopai

APRIL 8, 2020

While there are many factors that led to this event, one critical dynamic was the inadequacy of the data architectures supporting banks and their risk management systems. Inaccurate Data Management Leads to Financial Collapse. This data was unregulated by the Security Exchange Committee.

Finance 52

Finance Cost-Benefit Metadata Data Architecture 52

erwin

OCTOBER 24, 2019

It is the only solution that can automatically harvest, transform and feed metadata from operational processes, business applications and data models into a central data catalog and then made accessible and understandable within the context of role-based views. With erwin, organizations can: 1.

Metadata 104

Metadata Management Data-driven Data Architecture 104

IBM Big Data Hub

DECEMBER 4, 2023

Clearly define the objective of the implementation project and determine its scope, timeline and budget as well as create a risk management plan. This is also the time to determine which data will be migrated, as some older data may be best stored in a secure archive.

Testing 73

Testing Consulting Digital Transformation Cost-Benefit 73