Difference between revisions of "Data Governance"
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| − | Generative AI is not an incremental improvement to Data Governance but a radical transformation of how we manage, protect, and leverage data</i></b> - The Artificial Intelligence Podcast | Tony Hoang | + | Generative AI is not an incremental improvement to Data Governance but a radical transformation of how we manage, protect, and leverage data</i></b> - The Artificial Intelligence Podcast | Tony Hoang |
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| + | As data becomes the backbone of our economies and societies, managing this data efficiently, responsibly, and ethically is paramount. This demand has led to the evolution of a robust framework known as data governance. Good data governance ensures that data is readily available, of high quality, and relevant, which enables it to create value. Generative AI is set to transform the way we approach data governance. It allows for enhanced data quality, streamlined regulatory compliance, improved data security, facilitated data privacy, and fosters better decision making. | ||
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| + | For example, generative AI can be used to identify inconsistencies, duplicates, or errors in large data sets, thereby improving the accuracy and reliability of the data. Moreover, generative AI can help synthesize new data to fill in missing values in a dataset, thereby enhancing completeness ¹. | ||
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| + | Generative AI can significantly improve how we approach regulatory compliance by automating regulatory compliance processes and identifying potential compliance risks and trends ¹. For example, generative AI models can be trained to understand complex regulations and generate explanations, risk assessments, and recommendations to ensure that data practices align with these regulations ¹. | ||
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| + | However, there are potential risks associated with its use, such as partial or incomplete underlying data leading to inaccurate or misleading results ¹. | ||
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| + | Most governance programs today are ineffective. The issue frequently starts at the top, with a C-suite that doesn’t recognize the value-creation potential in data governance. Leading firms have eliminated millions of dollars in cost from their data ecosystems and enabled digital and analytics use cases worth millions or even billions of dollars. Data governance is one of the top three differences between firms that capture this value and firms that don’t </i></b> - [https://www.mckinsey.com/capabilities/mckinsey-digital/our-insights/designing-data-governance-that-delivers-value Designing data governance that delivers value | McKinsey] | ||
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| + | (2) Designing data governance that delivers value - McKinsey & Company. https://www.mckinsey.com/~/media/McKinsey/Business%20Functions/McKinsey%20Digital/Our%20Insights/Designing%20data%20governance%20that%20delivers%20value/Designing-data-governance-that-delivers-value-NEW.pdf. | ||
| + | (3) What is a Data Governance Model? - Digital Guardian. https://www.digitalguardian.com/blog/what-data-governance-model. | ||
| + | (4) Data Governance Frameworks, Models & Best Practices - Claravine. https://www.claravine.com/resources/data-governance-framework/. | ||
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| + | Source: Conversation with Bing, 5/28/2023 | ||
| + | (1) Generative AI for Compliance | The Ultimate Guide. https://www.xenonstack.com/blog/generative-ai-compliance. | ||
| + | (2) Managing generative AI risks: PwC. https://www.pwc.com/us/en/tech-effect/ai-analytics/managing-generative-ai-risks.html. | ||
| + | (3) Early thoughts on regulating generative AI like ChatGPT - Brookings. https://www.brookings.edu/blog/techtank/2023/02/21/early-thoughts-on-regulating-generative-ai-like-chatgpt/. | ||
| + | (4) Is Financial Regulatory Compliance at Risk from Generative AI?. https://www.eastnets.com/newsroom/is-financial-regulatory-compliance-at-risk-from-generative-ai. | ||
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| + | Source: Conversation with Bing, 5/28/2023 | ||
| + | (1) Harnessing the Power of Generative AI for Modern Data Governance - LinkedIn. https://www.linkedin.com/pulse/harnessing-power-generative-ai-modern-data-governance-tony-hoang. | ||
| + | (2) The AI Era Is Here. Is Your Data Governance Ready? - WSJ. https://deloitte.wsj.com/articles/the-ai-era-is-here-is-your-data-governance-ready-01614196928. | ||
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Revision as of 06:55, 28 May 2023
YouTube ... Quora ...Google search ...Google News ...Bing News
- Data Science ... Governance ... Preprocessing ... Exploration ... Interoperability ... Master Data Management (MDM) ... Bias and Variances ... Benchmarks ... Datasets
- Data Quality ...validity, accuracy, cleaning, completeness, consistency, encoding, padding, augmentation, labeling, auto-tagging, normalization, standardization, and imbalanced data
- Case Studies
- AI Governance / Algorithm Administration
- Managed Vocabularies
- Excel - Data Analysis
- Development ...AI Pair Programming Tools ... Analytics ... Visualization ... Diagrams for Business Analysis
- Hyperparameters
- Evaluation ... Prompts for assessing AI projects
- Train, Validate, and Test
- Enterprise Architecture (EA)
- Enterprise Portfolio Management (EPM)
- Architectures supporting machine learning
Generative AI is not an incremental improvement to Data Governance but a radical transformation of how we manage, protect, and leverage data - The Artificial Intelligence Podcast | Tony Hoang
As data becomes the backbone of our economies and societies, managing this data efficiently, responsibly, and ethically is paramount. This demand has led to the evolution of a robust framework known as data governance. Good data governance ensures that data is readily available, of high quality, and relevant, which enables it to create value. Generative AI is set to transform the way we approach data governance. It allows for enhanced data quality, streamlined regulatory compliance, improved data security, facilitated data privacy, and fosters better decision making.
For example, generative AI can be used to identify inconsistencies, duplicates, or errors in large data sets, thereby improving the accuracy and reliability of the data. Moreover, generative AI can help synthesize new data to fill in missing values in a dataset, thereby enhancing completeness ¹.
Generative AI can significantly improve how we approach regulatory compliance by automating regulatory compliance processes and identifying potential compliance risks and trends ¹. For example, generative AI models can be trained to understand complex regulations and generate explanations, risk assessments, and recommendations to ensure that data practices align with these regulations ¹.
However, there are potential risks associated with its use, such as partial or incomplete underlying data leading to inaccurate or misleading results ¹.
Most governance programs today are ineffective. The issue frequently starts at the top, with a C-suite that doesn’t recognize the value-creation potential in data governance. Leading firms have eliminated millions of dollars in cost from their data ecosystems and enabled digital and analytics use cases worth millions or even billions of dollars. Data governance is one of the top three differences between firms that capture this value and firms that don’t - Designing data governance that delivers value | McKinsey
(2) Designing data governance that delivers value - McKinsey & Company. https://www.mckinsey.com/~/media/McKinsey/Business%20Functions/McKinsey%20Digital/Our%20Insights/Designing%20data%20governance%20that%20delivers%20value/Designing-data-governance-that-delivers-value-NEW.pdf. (3) What is a Data Governance Model? - Digital Guardian. https://www.digitalguardian.com/blog/what-data-governance-model. (4) Data Governance Frameworks, Models & Best Practices - Claravine. https://www.claravine.com/resources/data-governance-framework/.
Source: Conversation with Bing, 5/28/2023 (1) Generative AI for Compliance | The Ultimate Guide. https://www.xenonstack.com/blog/generative-ai-compliance. (2) Managing generative AI risks: PwC. https://www.pwc.com/us/en/tech-effect/ai-analytics/managing-generative-ai-risks.html. (3) Early thoughts on regulating generative AI like ChatGPT - Brookings. https://www.brookings.edu/blog/techtank/2023/02/21/early-thoughts-on-regulating-generative-ai-like-chatgpt/. (4) Is Financial Regulatory Compliance at Risk from Generative AI?. https://www.eastnets.com/newsroom/is-financial-regulatory-compliance-at-risk-from-generative-ai.
Source: Conversation with Bing, 5/28/2023 (1) Harnessing the Power of Generative AI for Modern Data Governance - LinkedIn. https://www.linkedin.com/pulse/harnessing-power-generative-ai-modern-data-governance-tony-hoang. (2) The AI Era Is Here. Is Your Data Governance Ready? - WSJ. https://deloitte.wsj.com/articles/the-ai-era-is-here-is-your-data-governance-ready-01614196928.
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Implementing Data Governance with Knowledge Graphs
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Access Sciences: Data Governance series
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