Data Governance and Business Costs

To effectively apply data analysis tools on a large scale, the proper structuring of the information is essential, otherwise the cost that the company will have to incur to reverse the errors will be very high.

Friday, January 31, 2020

Data governance, which encompasses the set of processes, functions, policies, standards and measurements that ensure the effective and efficient use of information, becomes relevant to enterprises, which increasingly benefit from the use of machine learning tools and statistical analysis.

See "No Decision Made Without First Analyzing Big Data"

With current systems, data are the bread and butter of automatic learning; if the quality of the data you work with is low, the result of Artificial Intelligence will be worse. On the other hand, the better the quality of the data you enter, the better the final result will be.

Also see "Big Data, Business and the Future"

An article published by states that "... Data governance is critical to a successful AI transformation. You can't hope for the best and think that data governance is something you can fix later."

Brian Ka Chan, technology strategist and researcher at Smart City, shares the following suggestion for businesses: "... Data Governance should be initiated as soon as possible, for two reasons:

1) the sooner you manage your data, the sooner you will get the benefits
2) the later you do it, the higher the cost of repair will be on the road.

See full article.

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More on this topic

Big Data, Business and the Future

December 2019

The ability to identify and understand hidden patterns and correlations in large volumes of data and use them to make business decisions is becoming a strategic competition for companies for the future.

Machine learning and statistical analysis are some of the most popular techniques used today in artificial intelligence (AI) applications.

Tender: Data Processing for $5 million

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The Bank of Costa Rica is putting out to tender the implementation of a solution to the single points of failure of its main data center.

Costa Rica Government Purchase 2015LN-000009-01:


Tender for Design of Computer Center for $1.2 Million

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The Administrative Board of the National Registry of Costa Rica is putting out to tender consultancy services for the design and subsequent inspection of construction of a Main Data Processing Center.

Costa Rica Government Purchase 2014LN-000006-0005900001 [LN]:

"Consulting for Construction if CPDF main data processing Center."

Tender for Data Processing System

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El Salvador is putting out to tender services for digitalization, processing and dissemination of preliminary results in the 2014 elections.

The objective of international public tender is to hire the services of a company which has global expertise in the development, implementation and operation of systems for document imaging, information processing and dissemination of election results.

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