Cloudera

JULY 15, 2021

We recently hosted a roundtable focused on o ptimizing risk and exposure management with data insights. For financial institutions and insurers, risk and exposure management has always been a fundamental tenet of the business. Now, risk management has become exponentially complicated in multiple dimensions. .

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Risk Optimization Management Insurance 100

O'Reilly on Data

MARCH 24, 2020

The assumed value of data is a myth leading to inflated valuations of start-ups capturing said data. John Myles White , data scientist and engineering manager at Facebook, wrote: “The biggest risk I see with data science projects is that analyzing data per se is generally a bad thing.

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Machine Learning Statistics Data Quality Data Collection 364

Jim Harris

JANUARY 1, 2016

Lest my pith be misunderstood aplenty, this blog post provides more detail, plus links to related posts, about what I meant. 1 — Investigate Data quality is not exactly a riddle wrapped in a mystery inside an enigma. However, understanding your data is essential to using it effectively and improving its quality.

Data Quality 61

Data Quality Data Governance Cost-Benefit ROI 61

Cloudera

NOVEMBER 13, 2024

This guarantees data quality and automates the laborious, manual processes required to maintain data reliability. Robust Data Catalog: Organizations can create company-wide consistency with a self-creating, self-updating data catalog.

Metadata 90

Metadata Management Data Governance Data-driven 90

DataKitchen

MAY 10, 2024

Harnessing Data Observability Across Five Key Use Cases The ability to monitor, validate, and ensure data accuracy across its lifecycle is not just a luxury—it’s a necessity. Data Evaluation Before new data sets are introduced into production environments, they must be thoroughly evaluated and cleaned.

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Data Quality Dashboards Strategy Testing 141

O'Reilly on Data

NOVEMBER 28, 2023

Unexpected outcomes, security, safety, fairness and bias, and privacy are the biggest risks for which adopters are testing. We’re not encouraging skepticism or fear, but companies should start AI products with a clear understanding of the risks, especially those risks that are specific to AI.

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Cloudera

JUNE 29, 2023

To ensure the stability of the US financial system, the implementation of advanced liquidity risk models and stress testing using (MI/AI) could potentially serve as a protective measure. To improve the way they model and manage risk, institutions must modernize their data management and data governance practices.

Data Architecture 85

Data Architecture Risk Management Risk Management 85

Rocket-Powered Data Science

FEBRUARY 15, 2023

3) How do we get started, when, who will be involved, and what are the targeted benefits, results, outcomes, and consequences (including risks)? I have developed a few rules to help drive quick wins and facilitate success in data-intensive and AI ( e.g., Generative AI and ChatGPT) deployments.

Strategy 290

Strategy Experimentation Uncertainty Machine Learning 290

IBM Big Data Hub

JULY 13, 2023

When we talk about data integrity, we’re referring to the overarching completeness, accuracy, consistency, accessibility, and security of an organization’s data. Together, these factors determine the reliability of the organization’s data. Data quality Data quality is essentially the measure of data integrity.

Data Quality 63

Data Quality Data Integration Metadata Cost-Benefit 63

IBM Big Data Hub

MAY 8, 2023

This blog continues the discussion, now investigating the risks of adopting AI and proposes measures for a safe and judicious response to adopting AI. Risk and limitations of AI The risk associated with the adoption of AI in insurance can be separated broadly into two categories—technological and usage.

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Insurance Risk Testing Data Quality 68

DataKitchen

MAY 10, 2024

The Five Use Cases in Data Observability: Fast, Safe Development and Deployment (#4) Introduction The integrity and functionality of new code, tools, and configurations during the development and deployment stages are crucial. This process is critical as it ensures data quality from the onset.

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Testing Cost-Benefit Data Quality Dashboards 124

datapine

JANUARY 24, 2021

This can include a multitude of processes, like data profiling, data quality management, or data cleaning, but we will focus on tips and questions to ask when analyzing data to gain the most cost-effective solution for an effective business strategy. 4) How can you ensure data quality?

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DataRobot Blog

MAY 10, 2022

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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Risk Modeling Machine Learning Data Quality 64

DataKitchen

SEPTEMBER 21, 2023

These layers help teams delineate different stages of data processing, storage, and access, offering a structured approach to data management. In the context of Data in Place, validating data quality automatically with Business Domain Tests is imperative for ensuring the trustworthiness of your data assets.

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Testing Data Quality Predictive Modeling Metrics 169

Smart Data Collective

SEPTEMBER 28, 2022

Data engineering services can analyze large amounts of data and identify trends that would otherwise be missed. If you’re looking for ways to increase your profits and improve customer satisfaction, then you should consider investing in a data management solution. Information management mitigates the risk of errors.

Big Data 126

Big Data Management Data Quality Cost-Benefit 126

Alation

AUGUST 5, 2021

What is Data Quality? Data quality is defined as: the degree to which data meets a company’s expectations of accuracy, validity, completeness, and consistency. By tracking data quality , a business can pinpoint potential issues harming quality, and ensure that shared data is fit to be used for a given purpose.

Data Quality 52

Data Quality IT Data Governance Sales 52

erwin

FEBRUARY 13, 2020

Therefore, most enterprises have encountered difficulty trying to master data governance and metadata management, but they need a solid data infrastructure on which to build their applications and initiatives. Data Governance Attitudes Are Shifting. Metadata Management Takes Time.

Metadata 135

Metadata Data Governance Management Cost-Benefit 135

DataKitchen

MARCH 12, 2024

Our vision was to create a flexible, state-of-the-art data infrastructure that would allow our analysts to transform the data rapidly with a very low risk of error. After working with DataKitchen for a while, we noticed almost an absolute absence of data errors we didn’t catch earlier. That was amazing for the team.”

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Metrics Software Cost-Benefit Testing 117

Alation

SEPTEMBER 7, 2021

This is the last of the 4-part blog series. In the previous blog , we discussed how Alation provides a platform for data scientists and analysts to complete projects and analysis at speed. In this blog we will discuss how Alation helps minimize risk with active data governance. Find Trusted Data.

Data Governance 59

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erwin

DECEMBER 9, 2024

And do you have the transparency and data observability built into your data strategy to adequately support the AI teams building them? Will the new creative, diverse and scalable data pipelines you are building also incorporate the AI governance guardrails needed to manage and limit your organizational risk?

Metadata 52

Metadata Data Quality Sales Modeling 52

datapine

DECEMBER 17, 2019

The purpose is not to track every statistic possible, as you risk being drowned in data and losing focus. Quality over quantity: Data quality is an essential part of reporting, particularly when it comes to IT. Try our 14-day free trial and level up your IT department today.

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Reporting IT Key Performance Indicator Dashboards 173

DataKitchen

MARCH 5, 2024

The Stakeholder Confidence Crisis Relying on hope as a data accuracy and integrity strategy is fraught with risks. Stakeholders, from internal teams to external clients, seek confidence in the data they use and depend on. You will be in trouble if you are not measuring data quality or delivering error rates and SLAs.

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Data Quality Measurement Testing Data-driven 146

erwin

APRIL 29, 2020

Regulatory compliance places greater transparency demands on firms when it comes to tracing and auditing data. For example, capital markets trading firms must understand their data’s origins and history to support risk management, data governance and reporting for various regulations such as BCBS 239 and MiFID II.

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datapine

FEBRUARY 22, 2022

Improved risk management: Another great benefit from implementing a strategy for BI is risk management. Clean data in, clean analytics out. Cleaning your data may not be quite as simple, but it will ensure the success of your BI. Indeed, every year low-quality data is estimated to cost over $9.7

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erwin

JULY 12, 2019

It also helps enterprises put these strategic capabilities into action by: Understanding their business, technology and data architectures and their inter-relationships, aligning them with their goals and defining the people, processes and technologies required to achieve compliance. Strengthen data security. How erwin Can Help.

Data Governance 110

Data Governance Management Metadata Risk Management 110

erwin

JANUARY 23, 2025

Data intelligence software is continuously evolving to enable organizations to efficiently and effectively advance new data initiatives. With a variety of providers and offerings addressing data intelligence and governance needs, it can be easy to feel overwhelmed in selecting the right solution for your enterprise.

Metadata 52

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DataKitchen

FEBRUARY 21, 2023

are more efficient in prioritizing data delivery demands.” Release New Data Engineering Work Often With Low Risk: “Testing and release processes are heavily manual tasks… automate these processes.” Learn, improve, and iterate quickly (with feedback from the customer) with low risk.

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DataKitchen

OCTOBER 20, 2023

Deploying a Data Journey Instance unique to each customer’s payload is vital to fill this gap. Such an instance answers the critical question of ‘Dude, Where is my data?’ ’ while maintaining operational efficiency and ensuring data quality—thus preserving customer satisfaction and the team’s credibility.

Insurance 169

Insurance Metadata Data-driven Data Quality 169

Cloudera

MARCH 3, 2022

In 2017, Anthem reported a data breach that exposed thousands of its Medicare members. The medical insurance company wasn’t hacked, but its customers’ data was compromised through a third-party vendor’s employee. 86% of Experian survey respondents’, for instance, are prioritizing moving their data to the cloud in 2022.

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erwin

MARCH 25, 2021

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. Strengthen data security. How likely is a specific event to happen? “You

Data Governance 109

Data Governance Cost-Benefit IT Risk 109

datapine

APRIL 15, 2020

That way, your feedback cycle will be much shorter, workflow more effective, and risks minimized. You will need to continually return to your business dashboard to make sure that it’s working, the data is accurate and it’s still answering the right questions in the most effective way. Accept change.

Business Intelligence 276

Business Intelligence Analytics Testing Dashboards 276

erwin

FEBRUARY 19, 2021

A strong data management strategy and supporting technology enables the data quality the business requires, including data cataloging (integration of data sets from various sources), mapping, versioning, business rules and glossaries maintenance and metadata management (associations and lineage). Harvest data.

Metadata 110

Metadata Management Data Quality Cost-Benefit 110

DataKitchen

FEBRUARY 27, 2024

However, the foundation of their success rests not just on sophisticated algorithms or computational power but on the quality and integrity of the data they are trained on and interact with. The Imperative of Data Quality Validation Testing Data quality validation testing is not just a best practice; it’s imperative.

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Data Quality Unstructured Data Testing Data-driven 117

erwin

MARCH 30, 2020

As a result, the data may be compromised, rendering faulty analyses and insights. To marry the epidemiological data to the population data it will require a tremendous amount of data intelligence about the: Source of the data; Currency of the data; Quality of the data; and.

Metadata 122

Metadata IT Data Governance Data Quality 122

DataRobot Blog

MAY 26, 2022

To start with, SR 11-7 lays out the criticality of model validation in an effective model risk management practice: Model validation is the set of processes and activities intended to verify that models are performing as expected, in line with their design objectives and business uses.

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Risk Modeling Metrics Business Objectives 52

Alation

MAY 27, 2021

Traditional (or passive) data governance perceives data through the lens of risk. To mitigate that risk, this approach mandates rules for data use, and commands who can do what. In this way, traditional governance fails its data users by looking past one simple fact: They’re already governing their data!

Data Governance 98

Data Governance Data Quality Enterprise Machine Learning 98

Alation

APRIL 13, 2021

Much of his work focuses on democratising data and breaking down data silos to drive better business outcomes. In this blog, Chris shows how Snowflake and Alation together accelerate data culture. He shows how Texas Mutual Insurance Company has embraced data governance to build trust in data.

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Insurance Data Governance Data-driven Data Quality 98