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

Assistant Accountant

Salary:

£35,000 - £40,000 per annum + Study support & Hybrid working

Location:

City of London, London

Industry

Real Estate

Qualification

Part qualified

Market

Financial Services

Salary

£40,000 - £50,000

Job Discipline

Part Qualified & Transactional Finance

Contract Type:

Permanent

Description

This newly created position to join a Global Real Estate Investment firm working on corporate at fund accounting reporting to the Fund Controller.

Reference

BBBH183428

Expiry Date

01/01/01

Thomas  Steel

Author

Thomas Steel
Find out more
Data and BI Analyst

Salary:

£50,000 - £65,000 per annum

Location:

City of London, London

Industry

Technology

Qualification

None specified

Market

Commerce & Industry

Salary

£60,000 - £70,000

Job Discipline

Data Protection & Privacy

Contract Type:

Permanent

Description

Data and BI Analyst

Reference

BBBH183419

Expiry Date

01/01/01

Ghazal Mayahi

Author

Ghazal Mayahi
Find out more
Finance Assistant - 6 month contract

Salary:

Up to £12.98 per hour

Location:

Chesterfield, Derbyshire

Industry

Business Services

Qualification

None specified

Market

Commerce & Industry

Salary

£100 - £150

Job Discipline

Part Qualified & Transactional Finance

Contract Type:

Contract

Description

Marks Sattin are currently recruiting a Finance Assistant for a 6 month fixed term contract, based in Chesterfield.

Reference

BBBH183066

Expiry Date

01/01/01

Yasmin Clough

Author

Yasmin Clough
Find out more
Group Financial Controller

Salary:

£75,000 - £80,000 per annum + Bonus

Location:

Didcot, Oxfordshire

Industry

Media & Communications

Qualification

Fully qualified

Market

Commerce & Industry

Salary

£80,000 - £100,000

Job Discipline

Qualified Finance

Contract Type:

Permanent

Description

Financial Controller - Didcot (hybrid) - £75,000 to £80,000 + Bonus

Reference

BBBH182882

Expiry Date

01/01/01

Neil Burton

Author

Neil Burton
Neil Burton

Author

Neil Burton
Find out more
Interim Technical Finance Manager

Salary:

£60,000 - £75,000 per annum

Location:

Rotherham, South Yorkshire

Industry

Business Services

Qualification

Fully qualified

Market

Professional Services

Salary

£70,000 - £80,000

Job Discipline

Qualified Finance

Contract Type:

Contract

Description

This is a flexible organisation who operate on a hybrid basis. You will be offered a salary of £60,000 - £75,000 per annum

Reference

NH - 183265

Expiry Date

01/01/01

Niamh Hellewell Find out more
Financial accountant

Salary:

£60,000 - £65,000 per annum

Location:

Huddersfield, West Yorkshire

Industry

Manufacturing

Qualification

Fully qualified

Market

Commerce & Industry

Salary

£60,000 - £70,000

Job Discipline

Qualified Finance

Contract Type:

Permanent

Description

I am delighted to be working with a large organisation in the industrial / manufacturing sector on their search for a Financial Accountant!

Reference

182911

Expiry Date

01/01/01

Laura Gunby

Author

Laura Gunby
Laura Gunby

Author

Laura Gunby
Find out more
Credit Controller

Salary:

£27,000 - £30,000 per annum

Location:

Crewe, Cheshire

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

Reference

BBBH183413

Expiry Date

01/01/01

Glenn Fyfe

Author

Glenn Fyfe
Glenn Fyfe

Author

Glenn Fyfe
Find out more
FP&A & Regulatory Accountant (12 month contract) - Banking

Salary:

£60,000 - £75,000 per annum + + pension & benefits

Location:

London

Industry

Investment Banking & Capital Markets

Qualification

Fully qualified

Market

Financial Services

Salary

£70,000 - £80,000

Job Discipline

Qualified Finance

Contract Type:

Contract

Description

FP&A & Regulatory Accountant (6-Month Contract) - Banking - £65,000-£75,000 + benefits

Reference

BBBH183051

Expiry Date

01/01/01

Paul Roche

Author

Paul Roche
Paul Roche

Author

Paul Roche
Find out more
Deputy Finance Director

Salary:

£80,000 - £88,000 per annum + Car Allowance + Benefits

Location:

Wilmslow, Cheshire

Industry

Technology

Qualification

Fully qualified

Market

Commerce & Industry

Salary

£80,000 - £100,000

Job Discipline

Qualified Finance

Contract Type:

Permanent

Description

Deputy Finance Director role for an exciting international technology organisation based out of Wilmslow paying up to £88,000 + car allowance.

Reference

BBBH183253

Expiry Date

01/01/01

Nathan  Jones

Author

Nathan Jones
Find out more
Financial Planning and Analysis Manager

Salary:

£75,000 - £85,000 per annum

Location:

Leigh, Greater Manchester

Industry

Manufacturing

Qualification

Fully qualified

Market

Commerce & Industry

Salary

£80,000 - £100,000

Job Discipline

Qualified Finance

Contract Type:

Permanent

Description

Financial, Planning and Analysis Manager role for an international manufacturing business based in Leigh paying between £75,000 and £85,000.

Reference

BBBH183250

Expiry Date

01/01/01

Nathan  Jones

Author

Nathan Jones
Find out more
View all jobs