What is Data Governance and Why It Matters in the Age of AI & LLMs In today’s rapidly evolving digital landscape, the value of data cannot be overstated. Data has become the lifeblood of innovation, driving decisions, shaping industries, and transforming how we live and work. However, with great power comes great responsibility. As organizatio...
13 October 2024
A more common question today is "whether privacy enhancing technologies should be used in conjunction with privacy management tools?". Privacy enhancing technologies are tools that can be used to protect data, such as encryption or masking. Privacy management tools are tools that can be used to manage who has access to data, such as acce...
27 June 2024 Bigger than Technology
The world of banking and financial services is abuzz with the potential of generative AI. It's a game-changer that can revolutionize customer service, boost revenue, and streamline operations. But with great power comes great responsibility - and a whole lot of regulatory challenges. We need a legal framework that balances market safety, consumer ...
22 February 2024 Bigger than Technology
I dont see any such inference even from public models. However, such insights even though can have a basis that cannot be given much weigt in a decision in traditional underwriting. Moreover, getting indicators that usually is not possible through AI/ML is a reality already. These help push the models far left to the value chain and assist in taking better decisions like an Income estimation.
19 Sep 2020 16:56 Read comment
The first Data Quality challenge is most often the acquisition of right data for Machine Learning Enterprise Use cases.
Even though the business objective is clear, data scientists may not be able to find the right data to use as inputs to the ML service/algorithm to achieve the desired outcomes.
As any data scientist will tell you, developing the model is less complex than understanding and approaching the problem/use-case the right way. Identifying appropriate data can be a significant challenge. You must have the “right data.”
More broadly speaking, Coverage, can be categorized under the Completeness Dimension of Data Quality and called the Record Population concept within the Conformed Dimensions standard. This should be one of the first checks to be performed before proceeding to other Data Quality checks.
19 Sep 2020 16:52 Read comment
Niall, Good thoughts articulated well! What caught me in your article is the phrase " To do this, certain protocols and rules need to be put in place to ensure good governance over this process." To ensure this we need to progress on Governing the data in the cloud as well. Your further statements clearly bring out the classifications of data to be hosted in accordance to their risk profile.
This fundametally requires a change to approach in which data is logically and physically classified. http://www.dataversity.net/integrate-data-privacy/ is an article that briefs on how we can define requirements for data to be hosted on various platforms including cloud.
24 Nov 2017 10:41 Read comment
Data Management and Governance
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