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GDPR Part 2: How the General Data Protection Regulation (GDPR) Expands Privacy Data Scope and Provides New Rights of Data Control to Customers

This is the second blogpost in our series of GDPR related posts. In the first post we discussed the extra-territorial reach of the regulation and why U.S. companies need to understand GDPR. The final blogpost will discuss GDPR’s approach to accountability and data security. Summary Information Any read more...

HOW TO BE SMART AND SURVIVE THE BANKING REGULATIONS?

bank-regulation-1According to the RAND Corporation, nearly 40 percent of US households experienced financial distress during the 2008 financial meltdown. Eight years on, the financial sector is now under more scrutiny than ever. The financial crisis of 2008 increased the importance of having intelligent regulatory frameworks. Government regulators have reacted through increased regulations, introducing numerous bills including Dodd-Frank, CCAR and BCBS 239 that require banks to greatly increase their transparency, among many other requirements. The recent case of Wells Fargo opening up roughly 1.5 million savings/checking accounts and 565,000 credit card accounts without their customers’ permission only adds to the distrust of the regulators. read more...

Winning With Big Data – Is Your Organization Operating At Only 20% Capacity?

Discovering Big Data

Big Data Has Always Been the Future

Over the past decades there have been many predictions on the value that data would bring to a company to better compete.  Famously, the editor in charge of business books at Prentice Hall in 1957 commented: "I have travelled the length and breadth of this country and talked with the best people, and I can assure you that data processing is a fad that won't last out the year." Fast forward 60 years to 2016, and it’s now clear that innovative companies such as Amazon, Uber, Facebook and Priceline, to name just a few, were able to initially disrupt and then dominate their respective industries because of their aggressive use of data.  Peter Sondergaard, Senior Vice President and Head of Research at Gartner, makes an analogy comparing data to a new source of power, stating "Information is the oil of the 21st century, and analytics is the combustion engine." read more...

Baselining Enterprise Data—First Priority for a New CDO

As data becomes simultaneously more important and more complex, new job roles to support and make use of all this data are appearing. One such role is especially notable: that of Chief Data Officer (CDO). A CDO maximizes the value of data, ensuring that data quality is maintained, data strategies align with business goals, and data is formulated and distributed so as to provide insights for the entire organization. It may be a new role, but it’s fast becoming an important one. It’s estimated that 90 percent of large enterprises will have CDOs by 2019. read more...

Data Lineage: Keeping Pace with Changes in Your Big Data Landscape

Data Lineage, Data FlowAny organization that has existed for more than just a couple of years probably has data residing on a confusing hodgepodge of servers from different vendors that may support different platforms. These heterogeneous big data ecosystems have been cobbled together to work harmoniously, but too often the connections between systems are poorly documented. Millions of data items may change every day, but most organizations would probably be hard pressed to say exactly where and how their data changes. read more...

IT Audit: How to Be Prepared for Audit Requirements

Information System Audit: IT Audit Checklist

No one looks forward to an IT audit, but an audit is critical for exposing problems with data or procedures. An organization lives or dies based on the quality of its data and the orderly flow of that data. IT auditing is essential for verifying that an IT environment is healthy, that IT is aligned with business objectives, and that data integrity is always maintained. Information System audits can provide a great deal of useful advice, and with a little advance preparation an audit can be painless and efficient. read more...
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