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Why Data Quality and Data Governance are Important to Achieve Compliance

Analysts Corner

In this article, we present a brief overview of compliance and regulations, discuss the cost of non-compliance and some related statistics, and the role data quality and data governance play in achieving compliance. Compliance is about following rules and regulations. In 2020 alone, banks were fined $14.2

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How to Build a Data Governance Strategy for Your Organization

Astera

An effective data governance strategy is crucial to manage and oversee data effectively, especially as data becomes more critical and technologies evolve. What is a Data Governance Strategy? A data governance strategy is a comprehensive framework that outlines how data is named, stored, and processed.

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Interesting statistics around big data, data analysis, and usage

Analysts Corner

Data Analysis (Image created using photo and elements in Canva) Evolution of data and big data Until the advent of computers, limited facts were collected and documented, given the cost and scarcity of resources and effort to capture, store, and maintain them. Food for thought and the way ahead! What do you think?

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Data Quality Tools: Top 8 for 2023 & Beyond

Astera

What matters is how accurate, complete and reliable that data. Data quality is not just a minor detail; it is the foundation upon which organizations make informed decisions, formulate effective strategies, and gain a competitive edge. to help clean, transform, and integrate your data.

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How Data Management and Big Data Analytics Speed Up Business Growth

BizAcuity

Big Data technology in today’s world. Did you know that the big data and business analytics market is valued at $198.08 Or that the US economy loses up to $3 trillion per year due to poor data quality? quintillion bytes of data which means an average person generates over 1.5 megabytes of data every second?

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The Importance of Data Quality in Financial Reporting

Insight Software

Data quality has always been at the heart of financial reporting , but with rampant growth in data volumes, more complex reporting requirements and increasingly diverse data sources, there is a palpable sense that some data, may be eluding everyday data governance and control. Data Quality Audit.

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Understanding Data Warehousing Concepts for Business Analysts

Business Analysis Knowledge Share

Historical Analysis Business Analysts often need to analyze historical data to identify trends and make informed decisions. Data Warehouses store historical data, enabling analysts to perform trend analysis and make accurate forecasts. Data Quality Data quality is crucial for reliable analysis.