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What is data governance? Best practices for managing data assets

CIO Business Intelligence

It must be clear to all participants and auditors how and when data-related decisions and controls were introduced into the processes. Data-related decisions, processes, and controls subject to data governance must be auditable. The program must introduce and support standardization of enterprise data.

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What is Data Lineage? Top 5 Benefits of Data Lineage

erwin

An understanding of the data’s origins and history helps answer questions about the origin of data in a Key Performance Indicator (KPI) reports, including: How the report tables and columns are defined in the metadata? Who are the data owners? Data lineage offers proof that the data provided is reflected accurately.

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Using Strategic Data Governance to Manage GDPR/CCPA Complexity

erwin

Modern, strategic data governance , which involves both IT and the business, enables organizations to plan and document how they will discover and understand their data within context, track its physical existence and lineage, and maximize its security, quality and value. How erwin Can Help.

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Top 6 Benefits of Automating End-to-End Data Lineage

erwin

For example, automatically importing mappings from developers’ Excel sheets, flat files, Access and ETL tools into a comprehensive mappings inventory, complete with auto generated and meaningful documentation of the mappings, is a powerful way to support overall data governance. Data quality is crucial to every organization.

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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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Automating Model Risk Compliance: Model Development

DataRobot Blog

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: .

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Building a Data Strategy for Defence Partners

Alation

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. Store Where individual departments have their own databases for metadata management, data will be siloed, meaning it can’t be shared and used business-wide.