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Accelerating AI at scale without sacrificing security

CIO Business Intelligence

By eliminating time-consuming tasks such as data entry, document processing, and report generation, AI allows teams to focus on higher-value, strategic initiatives that fuel innovation. Similarly, in 2017 Equifax suffered a data breach that exposed the personal data of nearly 150 million people.

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Chart Snapshot: Fan Charts

The Data Visualisation Catalogue

The Inflation Report projections: understanding the fan chart — By Erik Britton, Paul Fisher and John Whitley of the Bank’s Conjunctural Assessment and Projections Division. Fan charts for pre-crisis forecasts of OECD-wide GDP growth, June 2008 forecast. Chart B: Fan chart around current budget deficit.

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Managing machine learning in the enterprise: Lessons from banking and health care

O'Reilly on Data

After the 2008 financial crisis, the Federal Reserve issued a new set of guidelines governing models— SR 11-7 : Guidance on Model Risk Management. This is similar to recommendations made in a recent report released by The Future of Privacy Forum and Immuta (their report is specifically focused on ML). Image by Ben Lorica.

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Expanding data analysis and visualization options: Amazon DataZone now integrates with Tableau, Power BI, and more

AWS Big Data

Create a blank report or use an existing report to integrate the new visuals. After authorization is complete, you can build your reports in Microsoft Power BI with the subscribed data assets. He’s worked with small and big data for most of his career, and has built applications running on AWS since 2008.

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5 ways to reduce compliance costs with AI and automation

CIO Business Intelligence

Deloitte estimates that compliance costs for banks have increased by 60% since the financial crisis of 2008, and the Risk Management Association found that 50% of financial institutions spend 6 to 10% of their revenues on compliance. Streamline regulatory reporting.

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If data is the new oil, ISO 20022 is the new gasoline

IBM Big Data Hub

Improving reporting and analytics capabilities through financial services transactions. During the financial crisis in 2008, the trust levels of bank clients dipped. In Europe, it’s been used since 2008 for cross-border payments under the Single Euro Payments Area (SEPA). Evolution of ISO 20022.

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CDOs’ biggest problem? Getting colleagues to understand their role

CIO Business Intelligence

That’s according to a recent report based on a survey of CDOs by AWS in conjunction with the Chief Data Officer and Information Quality (CDOIQ) Symposium. One reason the role may be misunderstood, the report says, is because it’s relatively new. Part of expanding influence is helping coworkers and executives to understand the role.