Data Augmentation with Data Enrichment Process
SCV Alliance achieved data augmentation by filling in missing attributes, resulting in a comprehensive structured data set to support FSCS regulatory reporting.
If you consider your data to be an asset, enhancing it simply implies expanding your business assets. You can utilise data augmentation to perform changes on existing data, use numerous sources from within your organisation, and enrich with data from outside sources.
When various internal and external data sources are integrated via the cloud and current data management technologies, users can obtain insights that were previously locked.
The objective of this business case is to demonstrate how to achieve data augmentation by filling in missing attributes and providing a complete structured data set to support regulatory reporting. It also gives information on the data enrichment process, which improved the usefulness of organisational data.
In this business case, we will highlight the issues of data augmentation and propose a method and solution that has assisted our clients in addressing their challenges using our data enrichment framework.
FSCS - SCV Reporting Challenges & Bottlenecks for Foreign Banks in the UK
Our Regulatory Reporting Solution and Data Governance Support for Foreign Banks in the UK