Analysts Corner
JANUARY 12, 2023
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. Million in revenue due to a single non-compliance event. In 2020 alone, banks were fined $14.2
Analysts Corner
FEBRUARY 5, 2023
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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BizAcuity
APRIL 14, 2022
Otherwise, it will result in poor data quality and as previously mentioned, cost over 3 trillion dollars for an entire nation. Ensuring rich data quality, maximum security & governance, maintenance, efficiency in storage and analysis comes under the umbrella term of Data Management. Data Governance.
Astera
APRIL 29, 2024
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.
CMW Lab Blog
NOVEMBER 20, 2024
Predictive Analytics Business Impact: Area Traditional Analysis AI Prediction Benefit Forecast Accuracy 70% 92% +22% Risk Assessment Days Minutes 99% faster Cost Prediction ±20% ±5% 75% more accurate Source: McKinsey Global Institute Implementation Strategies 1.
Business Analysis Knowledge Share
OCTOBER 24, 2023
Collaborate with Data Engineers Data Engineers play a vital role in building and maintaining data warehouses. Collaborate with them to ensure data is properly collected, transformed, and loaded into the warehouse. Data Governance Ensure that data in the warehouse is governed and properly documented.
The BAWorld
JULY 22, 2024
Data Quality Analyst The work of data quality analysts is related to the integrity and accuracy of data. They have to sustain high-quality data standards by detecting and fixing issues with data. They create metrics for data quality and implement data governance procedures.
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