Remove Data Quality Remove Marketing Remove Metadata Remove Risk Management
article thumbnail

How to Manage Risk with Modern Data Architectures

Cloudera

Implementing a modern data architecture makes it possible for financial institutions to break down legacy data silos, simplifying data management, governance, and integration — and driving down costs. Thus identifying trends that may impact liquidity and take preemptive action to manage their position.

article thumbnail

What is Data Lineage? Top 5 Benefits of Data Lineage

erwin

Data is crucial to every organization’s survival. For that reason, businesses must think about the flow of data across multiple systems that fuel organizational decision-making. For example, the marketing department uses demographics and customer behavior to forecast sales. Who are the data owners? Data Governance.

Metadata 111
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

What is BCBS 239 Compliance?

Octopai

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. It will not surprise you to learn all 11 of the bank-relevant principles are related to data in some form or fashion.

article thumbnail

Building a Data Strategy for Defence Partners

Alation

Data gathering and use pervades almost every business function these days — and it’s widely acknowledged that businesses with a clear strategy around data are best placed to succeed in competitive, challenging markets such as defence. Curate Data must be packaged in a way users can access and understand.

article thumbnail

Success Stories: Applications and Benefits of Knowledge Graphs in Financial Services

Ontotext

This shift of both a technical and an outcome mindset allows them to establish a centralized metadata hub for their data assets and effortlessly access information from diverse systems that previously had limited interaction. There are four groups of data that are naturally siloed: Structured data (e.g.,

article thumbnail

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

erwin

Here are six benefits of automating end-to-end data lineage: Reduced Errors and Operational Costs. Data quality is crucial to every organization. Automated data capture can significantly reduce errors when compared to manual entry. Automating data capture frees up resources to focus on more strategic and useful tasks.

article thumbnail

Does Your Right Hand Know That Your Left Hand Just Lost You a Billion Dollars?

Ontotext

That lack of dexterity in the competitive market of finance will hamper the company for years after the lawsuits are over. The problem was the left hand had no way of knowing the systemic issues around data governance, risk management and compliance framework. The lost cash and fines were only part of the problem.