About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Datactics Makes Data Assets More Valuable with Renewed Augmented Data Quality Solution

Subscribe to our newsletter

Datactics has released the first phase of its renewed Augmented Data Quality (ADQ) solution including an enhanced user interface and a host of new and improved machine learning (ML) microservices to automate data quality activities. The solution also eliminates time and the need for technical knowledge when addressing data quality issues by democratising data quality management through greater automation and no-code tooling.

Customers of Datactics’ self-service rules-based data quality solution will be upgraded to ADQ, and new customers will be brought in at this level, as the solution is rolled out with additional functionality ahead of a major release in Q3 or Q4 this year. Meantime, Datactics is working with a handful of customers in the UK and US to deploy elements of the product and demonstrate results.

“ADQ couples the power of AI augmentation and automation to create business value by reducing the manual effort of achieving data quality, increasing data accuracy, and providing enhanced insight into data,” says Datactics CEO Stuart Harvey. “Essentially, it provides a pragmatic and practical real-world understanding of data quality.”

Datactics describes augmented data quality as an approach that implements advanced algorithms, ML and AI to automate data quality management. Its goal is to correct data, learn from this and automatically adapt and improve data quality over time, making data assets more valuable to the business. It does not, however, eliminate the need for a human in the loop providing oversight, decision making and any necessary intervention.

ADQ’s enhanced user interface ties data processes together to cover the journey from onboarding to data quality and data remediation. It includes no-code tooling to allow business users to access and work with data.

Augmentation focuses on minor, but important, processes, says Fiona Browne, head of software development and machine learning at Datactics. An example here is the inclusion of time series data in ADQ that can be used to identify problematic data sources, breaks and root causes, and provide an understanding of what might cause problems in future. “Mining this information can be valuable for CDOs,” says Browne.

Looking at ADQ ML microservices and enhancing the company’s previous rules-based data quality solutions that depended on manual selection of rules from the Datactics’ library, a new microservice reviews a data source and automatically suggests data quality rules that could be used against the data. This can significantly reduce time to data quality, says Harvey. Additional microservices include automated outlier detection, and analytics capabilities to further streamline data quality workflows.

Beyond the initial release of ADQ, Browne says later phases will build in more automation for other data quality processes. Meantime, Datactics is also looking at generative AI for data quality – and concludes that it could be very useful.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Navigating a Complex World: Best Data Practices in Sanctions Screening

As rising geopolitical uncertainty prompts an intensification in the complexity and volume of global economic and financial sanctions, banks and financial institutions are faced with a daunting set of new compliance challenges. The risk of inadvertently engaging with sanctioned securities has never been higher and the penalties for doing so are harsh. Traditional sanctions screening...

BLOG

Experts to Take Stock of Data Silos and Lineage: DMS London Preview

Data fragmentation and lineage are two critical themes within data management that are intrinsically linked. Good data lineage can help overcome the impediments imposed by siloed data because it is an important aid in optimising data integration and utility. Both will be examined in detail by experts at A-Team Group’s 16th annual Data Management Summit...

EVENT

TEST Event page 1

Now in its 15th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

Preparing For Primetime – How to Benefit from the Global LEI

They say time flies when you’re enjoying yourself, and so it seems the industry have been having a blast with its preparations for the introduction of the global legal entity identifier (LEI) next month. But now it’s time to get serious. To date, much of the industry debate has centred on the identifier itself: its...