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Why Data Quality and Data Governance are Important to Achieve Compliance

Analysts Corner

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. As new risks emerge, new regulations come into the picture and/or existing regulations are amended.

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Interesting statistics around big data, data analysis, and usage

Analysts Corner

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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Discover the Benefits of MDM in Power BI With Power ON

Insight Software

MDM is necessary for maintaining data integrity and consistency across your organization, but it can be complex and time-consuming to manage different data sources and ensure accurate data governance. With Power ON’s user management features, you can enhance collaboration and ensure robust data governance.

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What is Data Mapping?

Insight Software

An on-premise solution provides a high level of control and customization as it is hosted and managed within the organization’s physical infrastructure, but it can be expensive to set up and maintain. Data warehouses can be complex, time-consuming, and expensive.

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How to Prepare Your SAP Data for AI

Insight Software

However, organizations aren’t out of the woods yet as it becomes increasingly critical to navigate inflation and increasing costs. According to a recent study by Boston Consulting Group, 65% of global executives consider supply chain costs to be a high priority.

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Automating Data Management to Transform Reporting Processes

Insight Software

For example, the research finds that nearly half (48%) of finance organizations spend too much time on closing the books in reporting entities, and a similar percentage spend too much time on subsequent steps, such as, data collection, validation, and submission of data to the corporate center.

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Unleashing Decision Intelligence With Logi Symphony

Insight Software

Maintaining robust data governance and security standards within the embedded analytics solution is vital, particularly in organizations with varying data governance policies across varied applications. Addressing these challenges necessitated a full-scale effort.