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How Big Data Impacts The Finance And Banking Industries

Smart Data Collective

Nowadays, terms like ‘Data Analytics,’ ‘Data Visualization,’ and ‘Big Data’ have become quite popular. Some prominent banking institutions have gone the extra mile and introduced software to analyze every document while recording any crucial information that these documents may carry. Engaging the Workforce.

Big Data 141
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Future-Proofing Your Business with Hyperautomation

CIO Business Intelligence

They enable greater efficiency and accuracy and error reduction, better decision making, better compliance and risk management, process optimisation and greater agility. Intelligent document processing: uses artificial intelligence and machine learning techniques to automate the processing of documents and unstructured data.

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7 steps for turning shadow IT into a competitive edge

CIO Business Intelligence

After all, 41% of employees acquire, modify, or create technology outside of IT’s visibility , and 52% of respondents to EY’s Global Third-Party Risk Management Survey had an outage — and 38% reported a data breach — caused by third parties over the past two years.

IT 133
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AI Impact Statements – Empathy, Imperfection, and Responsibility

DataRobot Blog

We may easily imagine the harm of having a loan application unfairly rejected, but what about the harm of being granted an unaffordable loan or the harm of inaccessibility to the system for people without access to the internet, or with language barriers or visual impairments. Imperfection. Conclusion.

Risk 98
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Post-Pandemic Enterprise Architecture Priorities

erwin

Priority 3: Risk Management – Security and Compliance. Businesses are paying close attention to risk from internal and external sources. Understanding the applications you have, the applications in use, and the applications that are ripe for retirement is an important part of running an efficient IT operation.

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What is data governance? Best practices for managing data assets

CIO Business Intelligence

They must be accompanied by documentation to support compliance-based and operational auditing requirements. SAS Data Management Built on the SAS platform, SAS Data Management provides a role-based GUI for managing processes and includes an integrated business glossary, SAS and third-party metadata management, and lineage visualization.

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What Is Enterprise Architecture (EA)? – Definition, Methodology & Best Practices

erwin

It provides a visual blueprint, demonstrating the connection between applications, technologies and data to the business functions they support. As a practice, EA involves the documentation, analysis, design and implementation of an organization’s assets and structure. Data Security & Risk Management.