What does the self-service data quality (SSDQ) platform do?  

It empowers data owners and SMEs to measure and maintain data quality themselves in line with governance policies.  SSDQ is already adding value at multiple investment and retail banks, wealth managers, and data vendors helping them to: 

• Achieve end-to-end holistic data quality management  
• Measure data against industry-standard dimensions and regulations  
• Empower data stewards / subject matter experts to remediate data  

How can SSDQ help?  

SSDQ connects to source systems and data repositories, measures the quality of the information, and automatically reports on the health of underlying data to data owners via interactive data quality dashboards. The platform’s Data Quality Clinic function offers business users the opportunity to explore the root cause of data quality breaks, make decisions, or fix records themselves. The system is powerful enough to enable business users and SMEs to perform complex data operations without highly skilled technical assistance from IT. It is also flexible and open, designed to integrate easily with existing data infrastructure, and agile enough to quickly onboard new data sets and meet changing data quality demands.  

Is the platform hard to learn how to use? 

SSDQ has been built with the non-technical business user in mind. We provide full training alongside our consultancy services so that, within a matter of weeks, we are confident that we can help you to become fully self-sufficient in rule building, creating workflows and automations and fixing your broken data.  

What are the features?  

• Out of the box rules & configuration logic  
• Built-in connectivity to multiple data sources 
• Interactive data quality dashboards built in off-the shelf tools such as PowerBI, Tableau, and Qlik 
• Integrated data remediation 
• Machine learning augmented recommendations on data matches  
• Data access controls so that the right people see the data they are supposed to see  
• Audit trails, assigning and tracking performance of rule break remediation over time 

What are the benefits of the SSDQ platform?  

SSDQ provides users with large numbers of data domain-specific rules that have been proven at many firms.  

• Plug & Play options (e.g. REST API, ODBC/JDBC, File system, Cloud…) means you can rapidly add new data sources  
• Easily drill-down from high-level statistics to actual failing data points in off-the-shelf visualisation tools, and publish statistics to governance systems  
• Empower business users to fix identified data quality breaks themselves – so that those who know the data can fix the data 
• Reduce and streamline the process of manually remediating data 
• Audit trail of changes to data provides the ability to understand who did what, when, and why.  

• Data owners no longer have to wait for IT to prioritise their data quality rule request alongside countless other IT tickets.  
• Chief Data Officers, Heads of Data and other senior data leaders can gain rapid insights into the underlying health of their data, as well as a track record over time, improving the quality of information they report and can use for business purposes 

Who is the platform for?  

The self-service data quality platform is particularly helpful for Chief Data Officers, Head of Data roles, Data Governance leads, and Data Stewards. The platform is designed to empower those who know the data to manage and fix the data.  

To have a conversation about how the self-service data quality platform can help you to manage your data, contact our Head of Sales, Kieran Seaward today.   

Connect with Kieran on LinkedIn.  

The post Introducing SSDQ: Centralise and standardise data quality processes without programming or coding appeared first on Datactics.

Missed it? Watch the recording below made available by FSClub:

During the FSClub webinar, the panellists discussed some data blunders that they have encountered in the banking world and how, by using technology, they have helped those organisations overcome these blunders.

For as long as banks have been operating, they have been accumulating data and looking for ways to manage it, understand it and use it to enhance their business. With continuous data growth and tough regulations to meet, the road isn’t easy and simply having a Chief Data Officer in place doesn’t mean that all that data insight is suddenly available and easy to access. – FSClub

Datactics and Automated Intelligence are two Belfast-based RegTech firms arming CDOs and senior managers with access, insights and rapid solutions to manage, report and fix data to regulatory standards.

About FSClub:

An Events Programme

• A Forum where the leading industry thinkers provide an up to date assessment of key events and developments likely to affect the future of the Financial Services Industry, over drinks and refreshments in a “Club” atmosphere.
• An Opportunity to discuss key topics and gain greater understanding of current and emerging areas of Political, Economy, Society and Technology change which may directly influence the future of your firm.

A Networking Opportunity

• A Peer Group to promote and exchange of views.
• A Discussion with key futurists and innovators to broaden your range of contacts.

Information Services

A General Information Service which provides a Daily News, access to the Club’s blog written by Chris Skinner the Financial Services Club Chairman and featuring Key Opinion and Comment.

A Private Information Service available only to Club Members which includes an extended and customisable news service, access to all previous event presentations and one click registration for all club events. It is planned that this service will also provide an expanding and extensive searchable library of relevant Information as well as the facility to allow members to publish their own relevant material. Members will also be able to advertise details of the services they can provide or skills and services they wish to procure.

The Internet Service www.shapingtomorrow.com that assists in predicting critical changes for any business that wants to prepare for and shape the future will also be available to members.

The post FSClub: Banks, Blunders and Lessons Learned | 22/05/20 appeared first on Datactics.