Governance also enables firms to establish rules for how to agree on which “ golden-source ” version of the data will be published to a client , so that they do not see conflicting data . This is a highly complex area of governance and change , but it ’ s critical for any organization intending to share a multi-business view of activity to clients , rather than discrete , productbased insights .
2 . Automate Analytics with Embedded Intelligence
“ With new technology like natural language processing and computer vision , we can start to enhance data elements in new ways , which ultimately
allows us to automate things in different ways ,” said Delikaris .
The typical securities firm aims for straightthrough processing . Yet whenever a break occurs , the operations team still must get involved . With predictive analytics , an automated solution can anticipate a break before it happens and suggest the most appropriate remedy . This preemptive approach avoids problems before they cause a process failure , saving time and effort in operations while improving the customer experience .
Paul Lacey , Managing Director , Wells Fargo Securities
Our approach of “ Embedded Intelligence ” ( see article , page 12 ) ensures that any automated advice will be delivered through transparent and auditable recommendations , using human oversight to ensure ongoing business value . Through this approach , we expect to implement fully automated “ self-healing ”
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