Financial services firms concerned about risk systems
More than one-third of financial services firms recently surveyed by Deloitte say they are concerned about the data quality and management capabilities of their risk management systems.
More than one-third of financial services firms recently surveyed by Deloitte say they are concerned about the data quality and management capabilities of their risk management systems.
As an organisation that is responsible for one of the world’s most precious resources, water, Victorian government-owned Melbourne Water cannot afford to let its data collection process slip.
Poor data quality is robbing insurers and financial institutions of between 15 and 25 per cent of operating profits, exposing it as low hanging fruit for the growth-starved financial services industry.
Acquisition-happy Oracle has made its first purchase of the year, announcing late Monday that it has scooped up Westminster, Colorado, data-quality vendor Silver Creek Systems. Terms of the deal were not disclosed.
In an accounting or ERP system, most of the data must be right, period. If invoices, accounts receivable, inventories, work-in-process numbers, ECAD files are "best guesses," someone will lose their job and the CIO will be on the hot seat.