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3 key digital transformation priorities for 2024

CIO Business Intelligence

Create these six generative AI workstreams CIOs should document their AI strategy for delivering short-term productivity improvements while planning visionary impacts. These workstreams require documenting a vision, assigning leaders, and empowering teams to experiment.

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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. Data-related decisions, processes, and controls subject to data governance must be auditable.

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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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What is Data Lineage? Top 5 Benefits of Data Lineage

erwin

In the event of a change in data expectations, data lineage provides a way to determine which downstream applications and processes are affected by the change and helps in planning for application updates. Business terms and data policies should be implemented through standardized and documented business rules.

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The Value of Data Governance and How to Quantify It

erwin

Risk Management and Regulatory Compliance. Risk management, specifically around regulatory compliance, is an important use case to demonstrate the true value of data governance. According to Pörschmann, risk management asks two main questions. How likely is a specific event to happen? “You

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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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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.