Part 9/11:
In the face of ad hoc regulatory requests, a well-structured data foundation enables quick, accurate sharing of reports and data with authorities, ensuring compliance without operational strain.
Critical Challenges and Considerations
Despite the benefits, the speakers acknowledge persistent challenges:
Data Quality: Ensuring accuracy, consistency, and completeness across all data sources.
Security & Privacy: Strict compliance with data protection laws like the DPRDA mandates encryption, hashing, and controlled access.
Scalability & Performance: Building systems that can handle growing data volumes and processing demands efficiently.
Cost & Talent: Maintaining cost-effective infrastructure while recruiting skilled data engineers and analysts.