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As companies struggle to process, store, and leverage ever-increasing amounts of structured and unstructured data, data governance is becoming a critical part of every company’s data management.

Governance not only helps a company understand and use its data, but it ensures everyone has access to the data they need, when they need it. “Data doesn’t have much value if it lies dormant in your system, where no one can gain insight from it,” says Salim Syed, head of engineering for Capital One Slingshot. “A well-governed data platform brings data out of that darkness.”

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Effective governance also enables a company to implement and manage internal policies and standards related to the security and usage of data. This not only supports a company’s response to external compliance directives, but also standardizes the data for use across the company. Standardized data provides the “single source of truth” required for critical business decisions, as well as the data quality and trustworthiness teams need to do their jobs.

Data governance challenges

On the surface, implementing data governance might seem obvious and straightforward, but the act of governing data across a company’s teams and products introduces levels of complexity that many companies either half-heartedly attempt to address or avoid altogether.

Instilling the processes, policies, and protections of governance requires new mindsets around people, processes, and technology. “It’s not the run-time activities that persuade someone not to do governance,” says Syed. “It’s all the work that’s needed to set up governance.”

For many, the approach to data governance is to establish policies that are overseen by individual sectors of the business, which makes implementation all the more difficult. “Think about all the different teams that are doing that in a large organization,” explains Syed. “They all have to do that dependency check, and each team is also doing separate development work to meet those requirements, which is a lot of duplicated effort.”

A siloed data governance initiative that requires each team to monitor its own data dependencies takes time and effort away from other work as well. “It becomes cumbersome to innovate because at every step of innovation, you have to check if there are dependencies on your governance policies,” says Syed.

Siloed approaches also introduce the possibility of error and make it more difficult to ensure all governance policies are followed consistently, in all cases. These hurdles can result in a lack of buy-in from employees and stakeholders, deflating any realized data governance benefits.

federated governance solution

In many companies, data is viewed as an IT asset, and thus an IT responsibility. Although that might have been true in the past, the volume and speed of data today, and the innovative ways companies are using their data, means data is the responsibility—and the driving force—for all business units.

To build an effective data governance program to serve every area of the business, it’s best to centralize the framework to reduce errors and to reduce duplicate efforts. “For federated teams to be successful in applying data management rules and governance, you can’t just set a policy and let every team go build technology to enforce it,” says Syed. A centralized approach is less complicated to monitor, facilitates data consistency and accuracy, and is easier to make transparent, all of which helps with stakeholder buy-in. “If you have a centrally managed data platform, a centrally managed data ingestion pipeline, and a centrally managed data policy, then you only make changes to [the data] in one place,” Syed explains. This ensures data remains compliant, secure, and consistent wherever it is used.

A best practice in establishing a centralized data governance initiative, Syed argues, is to build a central data catalog. All incoming data is ingested to a central location where it is first classified—meaning, data is identified and labeled with metadata, and restriction levels are determined. From there, access and permissions can be assigned, which facilitates sharing across the organization. “With a centralized catalog, wherever your data resides, it’s the map,” explains Syed. “Once it’s cataloged and classified, then you can share. You can basically break the silo.”

A data catalog effectively

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By: MIT Technology Review Insights
Title: Increasing amounts of data require holistic governance
Sourced From: www.technologyreview.com/2022/07/11/1055450/increasing-amounts-of-data-require-holistic-governance/
Published Date: Mon, 11 Jul 2022 16:00:00 +0000

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LATAM crypto exchange Bitso and FMF launch NFT of Mexico’s National Team jerseys

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Bitso, a leading cryptocurrency platform operating in Latin America, and the Mexican Football Federation (FMF), today announced the joint launch of the first collectible NFT of the Mexico National Team’s jerseys that was acquired in cryptocurrencies.

This morning through their social media platforms, the FMF and Bitso announced the opportunity to acquire the new official National Team fan jerseys ahead of the team’s participation in the 2022 World Cup. In just 20 minutes, the entire collection sold out.

bitsonftjeysey
The NFTs of the jerseys have an exclusive design for the metaverse – each is unique on the blockchain and can be resold by its owner in subsequent transactions.

The collection consisted of 100 official physical jerseys, each with a corresponding NFT version of the jersey that fans’ avatars can wear within the Decentraland metaverse. Each physical and NFT jersey set sold for the equivalent of $1,800 MXN in ethers.

“Our mission is to make cryptocurrency useful in the everyday life of Mexicans; we are committed to spreading the technology through innovative opportunities that help people throughout the country familiarize themselves with this new world. We are very excited to offer the incredible, historic opportunity for the fans of our National Team so that through their Bitso account, they can wear the colors of the National Team on and ‘off’ the field in the metaverse.”
– Bárbara González Briseño, General Director of Bitso México

Jersey NFTs

Created by Bitso, the virtual jersey sports the official colors of Mexico and the new National Team shield, characteristics that will make it stand out when users wear it in the virtual world of Decentraland.

The post LATAM crypto exchange Bitso and FMF launch NFT of Mexico’s National Team jerseys appeared first on CryptoNinjas.

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By: CryptoNinjas.net
Title: LATAM crypto exchange Bitso and FMF launch NFT of Mexico’s National Team jerseys
Sourced From: www.cryptoninjas.net/2022/07/29/latam-crypto-exchange-bitso-and-fmf-launch-nft-of-mexicos-national-team-jerseys/
Published Date: Fri, 29 Jul 2022 15:19:02 +0000

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Long-running crypto exchange EXMO unveils “lively” rebrand amidst growth

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EXMO, a crypto exchange platform operating since 2014, announced this week a rebranded visual identity with includes a new logo, brand colors, and design features. This new branding comes as EXMO continues to grow its crypto platform while also seeking to expand its presence in other jurisdictions.

Some new developments underway at EXMO:

Soon, users will be able to earn passive income from EXMO’s new staking platform.Plans to launch an EXMO crypto debit card.Expansion of its services in international markets with the opening of offices in Poland and Lithuania.

EXMO’s new logo

The rationale for the re-brand:

“At EXMO, we have a vision of a world where crypto is in every wallet. Hassle-free. We want to achieve this by making crypto as simple and accessible to everyone as possible. And we know that you already appreciate EXMO for offering user-friendly services and helpful support. Also for the opportunity to trade anywhere and anytime, closing deals in just a few taps. Such important changes required a rethinking of our corporate style, which has long needed a massive upgrade. So today we are introducing a new brand identity for EXMO with a completely new visual concept. We are launching a new logo, brand colors, and design elements. Our key design principles are simplicity, boldness, and a pinch of fun. But most importantly, we have changed our logo. Simple and easily recognizable, it represents the humanity of our brand. The logo stands out due to the wavy letter ‘m’ which symbolizes exchange rate charts and also resembles a spring that will launch you into the crypto world.”
– The EXMO Team regarding the re-branding

The post Long-running crypto exchange EXMO unveils “lively” rebrand amidst growth appeared first on CryptoNinjas.

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By: CryptoNinjas.net
Title: Long-running crypto exchange EXMO unveils “lively” rebrand amidst growth
Sourced From: www.cryptoninjas.net/2022/07/26/long-running-crypto-exchange-exmo-unveils-lively-rebrand-amidst-growth/
Published Date: Tue, 26 Jul 2022 08:10:38 +0000

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Stitching together the grid will save lives as extreme weather worsens

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The blistering heat waves that set temperature records across much of the US in recent days have strained electricity systems, threatening to knock out power in vulnerable regions of the country. 

The electricity has largely stayed online so far this summer, but there have been scattered problems and close calls already. 

Heavy use of energy-sucking air-conditioners is the biggest problem. But intense heat can also reduce the output of power plants, blow transformers, and force power lines to sag. Severe droughts across large parts of the country have also significantly reduced the availability of hydroelectric power, according to the North American Electric Reliability Corporation (NERC). 

It’s unlikely to get better soon. A number of grid operators may struggle to meet peak summer demand, creating the risk of rolling blackouts, the NERC report notes.

The nation’s isolated and antiquated grids are in desperate need of upgrades to keep the lights, heat, and air-conditioning on in the midst of extreme weather events that climate change is making more common, severe, and dangerous. One clear way to ease many of these issues is to more tightly integrate the country’s regional grids, stitching them together with more long-range transmission lines. 

If electricity generated in one area can be more easily shared across much wider regions, power can simply flow to where it’s needed at those moments when customers crank up air-conditioners en masse, or when power plants or fuel supply lines fail amid soaring temperatures, wildfires, hurricanes, or other events, says Liza Reed, a research manager focused on transmission at the Niskanen Center, a Washington, DC, think tank.  

The problem is it’s proved difficult to build more long-range transmission and grid interconnections for a variety of reasons, including the permitting challenges of erecting wires through private and public lands across cities, counties, and states and the reluctance of local authorities to forfeit control or submit to greater federal oversight.

The case of Texas

The unreliability of the US grid is not a new problem. Severe heat and winter storms have repeatedly exposed the frailty of electricity systems in recent years, leaving thousands to millions of people without power as temperatures spiked or plunged.

One of the fundamental challenges is that the grids today are highly fragmented. There are three main electricity networks within the US: the Eastern Grid, the Western Grid, and the Electric Reliability Council of Texas (ERCOT). But there are numerous regional transmission organizations within those first two systems, including the California Independent System Operator, Southwest Power Pool, PJM Interconnection, New York ISO, and more. 

These grids form a complex web of networks operating under different regulators, rules and market structures, and often with limited connections between them.

Map USA grid
A variety of regional transmission organizations oversee different parts of the nation’s aging and fragmented grids, which operate under different rules and with often limited connections between them.
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ERCOT is especially isolated, in part because of the desire among local politicians, citizens, and power companies to avoid added competition, the hassle of following other states’ rules, and oversight from the Federal Energy Regulatory Commission (FERC). But the state offers a case study in why that can be a serious problem amid increasingly harsh climate conditions, Reed says.

The Texas grid operator pleaded with customers several times earlier this month to cut electricity use as blistering summer temperatures created  demand surges that threatened to outstrip supply and require rolling blackouts.  Low wind conditions, cloud cover, and outages at fossil-fuel power plants added to the strains.

Shutting off the electricity needed to run air-conditioning in triple-digit temperatures

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By: James Temple
Title: Stitching together the grid will save lives as extreme weather worsens
Sourced From: www.technologyreview.com/2022/07/28/1056483/stitching-together-the-grid-will-save-lives-as-extreme-weather-worsens/
Published Date: Thu, 28 Jul 2022 08:00:00 +0000

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