Octopai

JUNE 19, 2023

Everyone has access to the same data and the same understanding of what the data represents, reducing miscommunications and discrepancies. Catalogs also allow for better Risk Management; data catalogs help businesses maintain regulatory compliance by providing a clear record of what data is stored and how it’s used.

Metadata 88

Metadata Data Governance Measurement Risk Management 88

FineReport

APRIL 9, 2024

Moreover, BI platforms provide the means for organizations to harness their data assets effectively, leading to improved customer satisfaction through personalized services and targeted marketing initiatives. This framework ensures that data remains accurate, consistent, and secure across all levels of the organization.

Business Intelligence 52

Business Intelligence Software Data-driven Predictive Modeling 52

Octopai

JULY 9, 2020

By adopting automated data lineage and automated metadata tagging, companies have the opportunity to increase their data processing speed. That increase can manage huge endeavors, such as migrations, error location, and new data governance integrations which then become “routine” operations.

Insurance 86

Insurance Risk Management Machine Learning Metadata 86

CIO Business Intelligence

APRIL 29, 2022

The strategy should put formalized processes in place to quantify the value of different types of information, leveraging the skills of a chief data officer (CDO), who should form and chair a data governance committee. CIOs measure technical debt against the value of their entire technology estate.

Digital Transformation 132

Digital Transformation Strategy Data-driven Data Strategy 132

Cloudera

MARCH 25, 2021

Will the data privacy controls ultimately help create an enterprise approach to data? Data lies at the heart of knowing the customer and enabling a better customer experience. Risk management can be optimized by the improved use of data and analytics to run models, account for more variables and scrutinize probable outcomes.

Data Strategy 66

Data Strategy Strategy Enterprise Insurance 66

Cloudera

JUNE 29, 2023

To ensure the stability of the US financial system, the implementation of advanced liquidity risk models and stress testing using (MI/AI) could potentially serve as a protective measure. To improve the way they model and manage risk, institutions must modernize their data management and data governance practices.

Data Architecture 86

Data Architecture Risk Management Risk Management 86

Alation

MARCH 14, 2023

All critical data elements (CDEs) should be collated and inventoried with relevant metadata, then classified into relevant categories and curated as we further define below. Some business processes may need reviewing to include data analysis — even going as far as requiring specific data to make a business decision.

Data Strategy 52

Data Strategy Strategy Metadata Data Quality 52

IBM Big Data Hub

JULY 7, 2023

Best practices for proactive data security Best cybersecurity practices mean ensuring your information security in many and varied ways and from many angles. Here are some data security measures that every organization should strongly consider implementing. Define sensitive data. Use dedicated data security software.

Risk 40

Risk Data Governance Data Lake Data-driven 40

erwin

FEBRUARY 4, 2021

Better decision-making has now topped compliance as the primary driver of data governance. However, organizations still encounter a number of bottlenecks that may hold them back from fully realizing the value of their data in producing timely and relevant business insights. Data Governance Bottlenecks. Regulations.

Data Governance 89

Data Governance Metadata Data Quality Risk Management 89

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 88

Insurance Data Architecture Risk Management Risk 88

Domino Data Lab

APRIL 3, 2019

Paco Nathan ‘s latest column dives into data governance. This month’s article features updates from one of the early data conferences of the year, Strata Data Conference – which was held just last week in San Francisco. In particular, here’s my Strata SF talk “Overview of Data Governance” presented in article form.

Data Governance 84

Data Governance Machine Learning Metadata Big Data 84

IBM Big Data Hub

MAY 14, 2024

Following a recent executive order by the Biden administration and a meteoric rise in AI adoption across sectors, the Office of Management and Budget (OMB) released a memo on how federal agencies can seize AI’s opportunities while managing its risks. But, how will these CAIOs balance regulatory measures and innovation?

Risk 87

Risk Risk Management Measurement Strategy 87

IBM Big Data Hub

MARCH 26, 2024

While ESG seeks to provide standard methods and approaches to measuring across environmental, social and governance KPIs, and holds organizations accountable for that performance, sustainability is far broader. Sustainability and ESG: An opportunity for synergy Sustainability and ESG are not synonymous.

Measurement 68

Measurement Metrics Strategy Reporting 68

Corinium

APRIL 25, 2019

For example, P&C insurance strives to understand its customers and households better through data, to provide better customer service and anticipate insurance needs, as well as accurately measure risks. Life insurance needs accurate data on consumer health, age and other metrics of risk. Humans can’t keep up.

Insurance 150

Insurance Risk IoT Cost-Benefit 150

erwin

APRIL 21, 2020

By combining physical system catalogs, critical data elements, and key performance measures with clearly defined product and sales goals, you can manage the effectiveness of your business and ensure you understand what critical systems are for business continuity and measuring corporate performance.

Measurement 97

Measurement Sales Data Governance Metadata 97

erwin

APRIL 21, 2020

One of the biggest lessons we’re learning from the global COVID-19 pandemic is the importance of data, specifically using a data catalog to comply, collaborate and innovate to crisis-proof our businesses. So one of the biggest lessons we’re learning from COVID-19 is the need for data collection, management and governance.

Measurement 96

Measurement Sales Data Governance Metadata 96

CIO Business Intelligence

MAY 30, 2023

Other top 10 initiatives seeing increased CIO involvement include the related areas of data privacy and compliance (at No. 3, with 55% of responding IT leaders listing this area) and risk management (at No. 9, with 47% involved in such). It’s a shift in emphasis that makes all the difference. IT Leadership, IT Strategy

IT 131

IT Risk Optimization Technology 131

CIO Business Intelligence

MARCH 25, 2022

Policy makers around the world have been recognizing this heightened risk, which has been further amplified by the recent geopolitical tensions. The European Union (EU) has pulled together a proposal for a unified framework to regulate risk management for financial institutions.

Finance 98

Finance KPI Risk IoT 98

Grooper

OCTOBER 23, 2019

By measuring performance, they drive improvements through necessary process and workflow changes. It simply takes the right resources and a measured approach to get there. Most companies today are more reactive to information governance. As Peter Drucker so famously said, “If you can’t measure it, you can’t improve it.”

Metrics 59

Metrics Measurement Strategy Optimization 59

datapine

FEBRUARY 22, 2022

This includes defining the main stakeholders, assessing the situation, defining the goals, and finding the KPIs that will measure your efforts to achieve these goals. A planned BI strategy will point your business in the right direction to meet its goals by making strategic decisions based on real-time data.

Business Intelligence 218

Business Intelligence Strategy Cost-Benefit Key Performance Indicator 218

Alation

DECEMBER 8, 2022

Data governance is growing in urgency and prominence. As regulations grow more complex (and compliance fines more onerous) organizations aren’t just adapting data governance frameworks to drive compliance – they’re leveraging governance to fuel a growing range of use cases, from collaboration to stewardship, discovery, and more.

Data Governance 52

Data Governance Data-driven Strategy Reporting 52

Alation

MARCH 24, 2022

Is your data protected? Both data privacy and data security are critical to mitigate financial, reputational, and compliance risks for enterprises. Understanding the similarities and differences between data security and data privacy is key to establishing a more robust compliance program.

Data Governance 52

Data Governance Risk Data-driven Measurement 52

AWS Big Data

AUGUST 14, 2023

In the same way, overly restrictive data governance practices that either prevent data products from taking root at all, or pare them back too aggressively (deforestation), can over time create “data deserts” that drive both the producers and consumers of data within an organization to look elsewhere for their data needs.

Management 79

Management Risk Measurement Optimization 79

Laminar Security

MAY 3, 2023

They define DSPM technologies this way: “DSPM technologies can discover unknown data and categorize structured and unstructured data across cloud service platforms. At Laminar, we refer to those “unknown data repositories” as shadow data. Data can be copied, modified, moved, and backed up with just a few clicks.

Management 52

Management Risk Risk Management Data Processing 52

Andrew White

JANUARY 11, 2021

But we also know not all data is equal, and not all data is equally valuable. Some data is more a risk than valuable. Additionally, the value of data may change, and our own personal judgement of the the same data and its value may differ. Governance. Value Management or monetization.

Data Analytics 52

Data Analytics Analytics Data-driven Finance 52