Modern-day systems are transforming into complex, open-source, cloud-native services running on various environments and being developed/deployed at lightning speed by distributed teams. When working on these systems, identifying a broken link in the chain can be near impossible. Everything fails at one point or another, whether due to code bugs, infrastructure overload, or changes in end-user behavior or market driven factors or errors in data collection. This has led to the rise of DataOps with a focus on changing the organizational speed and trust in delivering data pipelines and the related artifacts by co-creating “decision quality” data with the consumers. This development has led to the idea of observability that includes monitoring, tracking, and triaging incidents to prevent downtime of the systems and around several factors such as freshness, distribution, volume, schema, lineage.
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How important are data and analytics to a banker’s bottom-line objectives – growing deposits, loans and the customer base? In the latest Digital Banking Report, AI for Improved Customer Experience, almost 90 percent of respondents indicated that advanced analytics is extremely or very important to capabilities like cross-channel contextual communications, proactive advice and audience targeting.
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As businesses strive to advance digital transformation efforts, legacy architectures can be a significant obstacle to enabling the agility required to succeed in today's ever-changing data landscape. Many enterprises struggle with scaling the delivery of data and analytics to accommodate the growing array of data domains, users, and use cases. As a result, data mesh and data fabric architectures are on the rise with the aim of abstracting data management complexity, increasing data availability, and fostering greater collaboration.
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In today’s corporate finance departments, the pressure to do more with less is greater than ever. The most successful finance teams partner with other lines of business to drive growth through data-driven insights, using advanced analytics and predictive models. But translating insights into real-time actions requires real-time analytics that can’t be achieved with traditional business intelligence solutions and dashboards. To unleash the full power of your finance data, you need a new approach.
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