You need to enable JavaScript in order to use the AI chatbot tool powered by ChatBot

The importance of Data Warehousing and Governance for AI Applications

Daniel Jordan our consultant managing the role
We have seen the emergence of AI as the new ‘go to’ topic for numerous Financial Services organisations over the last year which has led me to have some interesting discussions around data and its governance with my network. Data Warehousing and Governance are the backbone of any AI application, ensuring the data is not only stored efficiently but also managed and utilised in a way to maximise its value. 

Data Warehousing: The Foundation of AI

A data warehouse is a centralised repository that allows organisations to store large volumes of structured and unstructured data from various sources. This consolidated data environment is crucial for AI applications for several reasons:
  • Data Integration: AI models require diverse datasets to learn and make accurate predictions. A data warehouse integrates data from multiple sources, providing a comprehensive dataset for training AI models.

  • Scalability: As AI applications grow, so does the volume of data they need to process. Data warehouses are designed to scale, accommodating increasing data volumes without compromising performance.

  • Performance Optimisation: Data warehouses are optimised for query performance, enabling faster data retrieval and processing. This is essential for AI applications that require real-time or near-real-time data access.
  • Historical Data Analysis: AI models often need historical data to identify patterns and trends. Data warehouses store historical data, making it readily available for analysis.


Data Governance: Ensuring Quality and Compliance

Data governance involves the management of data availability, usability, integrity, and security. It is a critical aspect of AI applications for several reasons:
  • Data Quality: High-quality data is essential for training accurate AI models. Data governance ensures that data is accurate, complete, and consistent, reducing the risk of errors and biases in AI outputs.

  • Compliance and Security: With increasing regulations around data privacy (e.g. GDPR, CCPA), data governance ensures that AI applications comply with legal requirements. It also protects sensitive data from breaches and misuse.

  • Transparency and Accountability: Data governance provides clear documentation and audit trails, making AI decision-making processes transparent. This builds trust among stakeholders and allows for accountability in AI operations.

  • Risk Mitigation: Effective data governance identifies and mitigates risks related to data privacy, security, and biases. This protects organisations from potential data-related incidents and ensures ethical AI practices.
In summary, data warehousing and governance are indispensable for the success of AI applications. A robust data warehouse provides the necessary infrastructure for storing and processing large volumes of data, while data governance ensures that this data is of high quality, secure, and compliant with regulations. Together, they enable organisations to harness the full potential of AI, driving innovation and informed decision-making.

So, if you’re looking for dedicated partners to support you in the implementation of data solutions across Change, Data Analysis, Artificial Intelligence or Cyber Security then please get in touch with Dan Jordan – Change & TransformationGhazal Mayahi – Data Analytics and Ed Hall – Artificial Intelligence & Cyber Security. Alternatively, please visit our dedicated technology page.
20/01/25
jobs

Related jobs

Specialist FSSC

Salary:

Up to €60,000 per annum

Location:

Rotterdam, South Holland

Industry

Energy, Resources and Industrial

Qualification

None specified

Market

Professional Services

Salary

£50,000 - £60,000

Job Discipline

Part Qualified & Transactional Finance

Contract Type:

Permanent

Description

Als Specialist Financiële Processen SSC binnen een toonaangevende organisatie draag je zorg voor een efficiënte en effectieve afhandeling van financiële administratieve processen.

Reference

BBBH184301

Expiry Date

01/01/01

Aram  Outmaijjer Find out more
Head of FSSC

Salary:

Up to €84,000 per annum

Location:

Rotterdam, South Holland

Industry

Manufacturing

Qualification

Fully qualified

Market

Professional Services

Salary

£70,000 - £80,000

Job Discipline

Qualified Finance

Contract Type:

Permanent

Description

Ben jij een financiële professional met sterke analytische vaardigheden en een strategische visie? Heb je een passie voor procesoptimalisatie en het verbeteren van financiële dienstverlening?

Reference

BBBH184300

Expiry Date

01/01/01

Aram  Outmaijjer Find out more
Group Reporting Manager

Salary:

£65,000 - £73,000 per annum + Excellent Benefits Package

Location:

Manchester, Greater Manchester

Industry

Consumer & Retail

Qualification

Fully qualified

Market

Commerce & Industry

Salary

£70,000 - £80,000

Job Discipline

Qualified Finance

Contract Type:

Permanent

Description

Exciting Group Reporting Finance Manager for a leading retail organisation based in Manchester offering hybrid working paying circa £70,000.

Reference

BBBH184314

Expiry Date

01/01/01

Nathan  Jones

Author

Nathan Jones
Find out more
Transactional Finance Manager

Salary:

Negotiable

Location:

Horsham, West Sussex

Industry

Technology

Qualification

None specified

Market

Commerce & Industry

Salary

£60,000 - £70,000

Job Discipline

Part Qualified & Transactional Finance

Contract Type:

Permanent

Description

Our high growth client in the tech/SAAS industry are looking for a new Transactional Finance Manager to join their finance team.

Reference

129384

Expiry Date

01/01/01

Harry Latham

Author

Harry Latham
Find out more
Tax Accountant

Salary:

Up to £45,000 per annum

Location:

Leeds, West Yorkshire

Industry

Business Services

Qualification

None specified

Market

Financial Services

Salary

£40,000 - £50,000

Job Discipline

Tax

Contract Type:

Permanent

Description

.

Reference

BBBH184306

Expiry Date

01/01/01

Aleksandra  Taranovskaja Find out more
Credit Controller

Salary:

£30,000 - £32,000 per annum

Location:

Leeds, West Yorkshire

Industry

Business Services

Qualification

None specified

Market

Commerce & Industry

Salary

£30,000 - £35,000

Job Discipline

Part Qualified & Transactional Finance

Contract Type:

Permanent

Description

Credit Controller in Leeds

Reference

BBBH184266

Expiry Date

01/01/01

Cameron  Walsh

Author

Cameron Walsh
Find out more
DMS Developer

Salary:

Up to £36,000 per annum

Location:

City of London, London

Industry

Professional Services

Qualification

None specified

Market

Professional Services

Salary

£35,000 - £40,000

Job Discipline

Software Development

Contract Type:

Permanent

Description

DMS Developer

Reference

BBBH184283

Expiry Date

01/01/01

Shammi  Choudhury Find out more
View all jobs