Regulations

Optimal Investment in Data Error Assessment

Assessing Data Errors is Necessary, But at What Cost?

My last post discussed some of the ways that data errors weaken the reliability of conclusions drawn from those noisy data. Even measures of the uncertainty in conclusions (such as statistical confidence intervals) can be inaccurate. This raises the question as to how one assesses data for such errors, and at what cost? The Data…

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It’s Time to Accept the Cloud

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If you are a CFO who is suspicious of storing important data in the cloud, you are not alone. A study by Ernst and Young (EY) found that 56% of CFOs are concerned with managing data security and privacy in corporate reporting, with CFOs in India (68%), China (65%) and the US (63%) expressing the…

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5 Data Quality Dimensions Critical to Your Analysis

5 Data Quality Dimensions Critical to Your Analysis

Data quality dimensions are a critical tool in producing accurate, reliable data that organizations can trust. If you are wondering how much confidence you can place in the conclusions of your data analysis, applying these five dimensions of data quality may provide you with greater confidence or a migraine headache. Identifying data quality starts with…

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Beware the Two-Step Process of Measuring Pay Disparities

Beware the Two-Step Process of Measuring Pay Disparities

Companies should be wary of any pay equity analysis that offers to look at wage disparities after controlling for legitimate business factors. The term “after” is open to interpretation, but a defensible, reliable pay equity assessment must measure wage disparities in a full model — one that also measures the effects of legitimate business factors…

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Clean Data Essential for Reliable Data Analysis

Clean Data Essential for Reliable Data Analysis

How much confidence can you place in the conclusions of your data analysis? For regulatory compliance actions, the cost of errors can involve fines, lawsuits, and damage to the brand. When being wrong involves significant costs, it is important to consider ways in which errors in the underlying data could be undermining your results. Many…

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Data Security and Consolidation A CFO Concern Entering 2018

Data Security and Consolidation A CFO Concern Entering 2018

Data security continues to be a concern for CFOs around the world. Studies in the past year continue to highlight the discomfort many CFOs are feeling about data security, data ownership, and the use of cloud technology. A study by Ernst and Young (EY) found that 56% of CFOs are concerned with managing data security…

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Data Quality is Critical to Addressing Pay Equity Issues. Just Ask Uber.

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A recent report by the National Bureau of Economic Research into pay differences between men and women Uber drivers demonstrated how having the right type and amount of data can lead to helpful research findings. National Bureau of Economic Research (NBER) is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating…

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Data: The Good, The Bad, and The Ugly

Data: The Good, The Bad, and The Ugly

Data analysis informs our daily business decisions, but that analysis is only as good as the data supporting it. Organizations should invest in ensuring that their decision-making is based on accurate information. As data analysis is becoming increasingly sophisticated, machine learning is becoming a sought after technology. Organizations that haven’t already incorporated machine learning predictions…

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What Employers Should Learn from the Equifax Security Breach [UPDATE]

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The date was September 7, 2017. That’s when Equifax revealed that, between the months of May and July of 2017, hackers entered into Equifax’s network to steal private information about its consumers in one of the largest data breaches in U.S. history. This information included personal identification information such as names and addresses, phone numbers,…

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Can HR Data Make For A Happier, More Productive Workplace?

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Data mining and the use of analytics are typically applied to companies in an effort to improve operations to better the customer experience. However, what about using analytics to better the experience of employees to improve business functions and bottom line results? Forrester Research in 2016 conducted a study on this growing trend of people…

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Connecticut Joins Massachusetts In Apps and “Cookie” Sales Tax

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In October, Massachusetts set a new law into effect imposing a sales tax on out-of-state internet vendors whose sales within the Commonwealth exceed $500,000 or 100 in-state transactions/deliveries. The new law expanded the definition of what a company’s “physical presence” means within the state to internet cookies and downloadable apps, arguing that these data files…

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Massachusetts Using Cookies And Apps to Justify Sales Tax

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A new Massachusetts regulation is making it easier to require online businesses with physical facilities outside of Massachusetts to pay state sales tax on products and services sold to customers within the state. The new regulation expands the definition of what a company’s “physical presence” means within the state to internet cookies and downloadable apps,…

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