Data Governance in 2018: A Comprehensive Guide

Businesses around the world are striving every day to become more data-driven, and as such, how they collect and manage this data is evolving. One important topic that has arisen out of this shift is data governance. In this post, we set out to answer the following questions:

What is data governance?

Why is it important?

What are the benefits of effective data governance?

What are some key tasks associated with a data governance strategy?

What are some best practices for data governance?

What are the related challenges and pitfalls?

What are some common data governance tools?

What does it all have to do with the recent GDPR?

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How to Choose the Right Data Quality Tool [06/2018 UPDATE]

Data cleaning is part of a greater effort to achieve the highest data quality possible in used in business decisions and operations. It requires organizational effort and participation throughout a business and when done correctly, can help to provide valuable insights and analytics for decision making. A few additional benefits associated with data cleaning include:

  • Streamlined business practices
  • Increased productivity
  • Faster sales cycle
  • Better analytics

Given the ever growing quantity of data for many businesses, automation is required in data cleaning. The right data tool can fill in these gaps and manage a number of issues automatically before they have a chance to become truly problematic. This can ultimately help businesses to become more efficient and more profitable in their efforts.

Choosing the right data cleaning tool for your organization is essential to getting the most utility for your investment. To help in your decision making, this post answers the following:

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Top 10 Knowledge Management Tools [06/18 update]

Knowledge management is the process where value is derived from knowledge by making it accessible to everyone within an organization. It is a multidisciplinary approach that aims to achieve objectives through the best possible use of knowledge. To learn more about knowledge management, see our recent blog post on the topic.

Key benefits associated with knowledge management include:

  • Improved performance and innovation
  • Communication of ‘lessons learned’
  • Integration and continuous improvement

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Fraud Detection: In-Depth Guide [06/18 update]

Fraud detection is a major challenge for merchants that accept electronic payments, acquirers that manage electronic payment networks and for banks that are exposed to various types of financial fraud including money laundering.

Which companies are impacted by financial fraud?

Banks and other companies that receive significant number of financial transactions are at risk of suffering from financial fraud. e-Commerce companies, credit card companies, electronic payment platforms, B2C fintech companies all need to employ software to limit financial fraud. Read more

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