Financial Risk Management Framework
Project Strategy
Big Data Revolution
Data Governance Assessment for Compliance
Business Statistics
Environment
Security
Strategy Development
Project Strategy 
Risk Management: Identifies potential risks and outlines mitigation strategies
...Resource Planning Determining the resources (human,
financial, technological) required for the project
...Continuous Improvement: Creating a
framework for ongoing evaluation and refinement of analytics practices
...
Big Data Revolution 2005 The emergence of Hadoop, an open-source
framework, allows for the storage and processing of large datasets
...Some notable applications include: Customer Relationship
Management: Analyzing customer data to enhance engagement and satisfaction
...Risk Management: Identifying and mitigating risks through data analysis
...Financial Analysis: Enhancing investment decisions through data-driven insights
...
Data Governance Assessment for Compliance This assessment is critical for businesses that handle sensitive information, as it helps mitigate
risks associated with data breaches and non-compliance penalties
...Overview Data governance involves the
management of data availability, usability, integrity, and security in an organization
...A robust data governance
framework ensures that data is accurate, consistent, and trustworthy
...limited to: General Data Protection Regulation (GDPR) Health Insurance Portability and Accountability Act (HIPAA)
Financial Services Modernization Act (Gramm-Leach-Bliley Act) California Consumer Privacy Act (CCPA) Importance of Data Governance Assessment Conducting a data governance
...
Business Statistics Financial Analysis: Business statistics is used to analyze financial data, assess
risks, and make investment decisions
...
Environment These include: Organizational culture
Management structure Employee relations Operational efficiency 1
...Risk Management: Identifying potential risks allows organizations to prepare and mitigate adverse effects
...Environmental Analysis Tools Various tools and
frameworks are used to analyze the business environment, including: Tool/Framework Description SWOT Analysis A strategic planning tool used to identify strengths, weaknesses, opportunities, and threats
...analysis, including: Social media platforms Market research reports Customer feedback and reviews Sales and
financial data 5
...
Security increasingly leverage data analytics to drive insights and strategies, security becomes a critical component of the data governance
framework ...Protection of Sensitive Information: Organizations handle vast amounts of sensitive data, including customer information,
financial records, and proprietary business intelligence
...Risk Management: Effective security protocols help organizations identify, assess, and mitigate risks associated with data breaches and cyber threats
...
Strategy Development Strategy development is a critical process in the realm of business
management that involves the formulation of plans and actions aimed at achieving specific organizational goals
...Resource Allocation: Determining the necessary resources (human,
financial, technological) required to achieve the goals
...Methodology Description Application SWOT Analysis A
framework for identifying strengths, weaknesses, opportunities, and threats
...Risk Management: Through careful analysis and planning, businesses can anticipate risks and develop strategies to mitigate them
...
Mining Big Data for Competitive Advantage Facilitating
risk management and fraud detection
...Apache Hadoop: A
framework that allows for distributed storage and processing of large datasets across clusters of computers
...Financial Services Financial institutions utilize data mining for fraud detection and risk assessment, allowing them to minimize losses and improve customer trust
...
Statistical Evaluation Overview Risk Management: By analyzing historical data, businesses can identify potential risks and develop strategies to mitigate them
...Probability Theory The mathematical
framework for quantifying uncertainty
...applied across various domains in business, including: Finance: Used for risk assessment, portfolio management, and
financial forecasting
...
Big Data Technologies Transforming Industries Description Applications Hadoop An open-source
framework that allows for distributed storage and processing of large data sets
...Handling unstructured data, content
management, and IoT applications
...Some applications include: Predictive Analytics: Identifying potential health
risks and preventing disease outbreaks
...3
Financial Services In the financial sector, Big Data technologies are employed to mitigate risks and improve customer service
...
Selbstständig machen mit Ideen 
Der Weg in die Selbständigkeit beginnt nicht mit der Gründung eines Unternehmens, sondern davor - denn: kein Geschäft ohne Geschäftsidee. Eine gute Geschäftsidee fällt nicht immer vom Himmel und dem Gründer vor die auf den Schreibtisch ...
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