Enterprise Architects: Leveraging Big Data, Strengthening Risk Management [Cutter]
The nature and complexities of crises in the financial market is gradually increasing, posing significant challenges, especially for large multinational banks, in managing risks and negotiating through a crisis successfully.
Moreover, financial institutions must comply with strict regulations around risk management laid down by global financial regulators. Enterprise Architects must harness various new technologies, such as big data, to help them build a next-generation architecture that complies with their enterprise’s business, IT, and external regulator needs. This Executive Update draws from my experience in developing, implementing, and governing the enterprise architecture for risk management for a large British multinational bank by leveraging big data technology.
Published in: Cutter International IT Journal.
Read Full Article: Cutter IT Journal
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Another good example of this is in managing your data. Do you have plans in place to ensure your electronic files are safe from theft, or damage? If you have got sensitive information stored on file, do you have more than one copy? These are issues that can be easily resolved, as long as someone draws your attention to the need for it.