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How Automated Financial Data Integration Streamlines Fraud Detection

Astera

Fraudsters often exploit data quality issues, such as missing values, errors, inconsistencies, duplicates, outliers, noise, and corruption, to evade detection and carry out their schemes. According to Gartner , 60% of data experts believe data quality across data sources and landscapes is the biggest data management challenge.

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Automated Financial Data Integration for Fraud Detection | Astera

Astera

According to a survey by Experian , 95% of organizations see negative impacts from poor data quality, such as increased costs, lower efficiency, and reduced customer satisfaction. According to a report by IBM , poor data quality costs the US economy $3.1 Saving money and boosting the economy.

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 Top 5 Data Preparation Tools In 2023

Astera

Data Security Data security and privacy checks protect sensitive data from unauthorized access, theft, or manipulation. Despite intensive regulations, data breaches continue to result in significant financial losses for organizations every year. According to IBM research , in 2022, organizations lost an average of $4.35

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How to Build a Data Governance Strategy for Your Organization

Astera

It would focus on what the customer wants, how the market is behaving, and what other competitors are doing, all through the lens of fresh, accurate data. In short, a data governance strategy includes the following: Establishing principles, policies, and procedures for data management.

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Breaking Down Data Silos: From Fragmented Data to Consolidated Insights

Astera

Here are a just a few ways that data silos negatively impact an enterprise’s success: Incomplete view of organizational data Data silos prevent organizational leaders from having a comprehensive picture of the data required to make informed decisions.

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Should You Have Separate Document, Time-Series, NoSQL and SQL Databases or Can a Single Database Support All of These Data Types and Requirements?

Actian

Primarily, Relational DataBase Management Systems (RDBMS) managed the needs of these systems and eventually evolved into data warehouses, storing and administering Online Analytical Processing (OLAP) for historical data analysis from various companies, such as Teradata, IBM, SAP, and Oracle.

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The Top 7 Data Aggregation Tools in 2024

Astera

The platform leverages a high-performing ETL engine for efficient data movement and transformation, including mapping, cleansing, and enrichment. Key Features: AI-Driven Data Management : Streamlines data extraction, preparation, and data processing through AI and automated workflows.