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You're reading from  Data Stewardship in Action

Product typeBook
Published inFeb 2024
PublisherPackt
ISBN-139781837636594
Edition1st Edition
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Author (1)
Pui Shing Lee
Pui Shing Lee
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Pui Shing Lee

Pui Shing Lee is a visionary leader with two decades' experience in FinTech, Data, AI, and Cloud across Europe, the US, and APAC. He is a Cloud Solution Strategist (Data & AI) at Microsoft. With a passion for deriving actionable insights from data, he provides comprehensive solutions for customers' journeys, ensuring tangible business outcomes. Shing holds industry-leading certifications like DAMA CDMP and EDMC CDMC V1. His professional experience includes roles as Chief Data Officer at Hang Seng Index, Head of Data Governance at HKEX, and APAC Director at IHS Markit. As the co-founder of the Data Literacy Association, Shing advocates for a culture-fit data strategy, self-service models, and automated governance on robust cloud platforms.
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Supercharge Data Governance and Stewardship with GPT

Now that you have a basic understanding of data stewardship, how about GPT?

OpenAI is a research organization that aims to create and promote artificial intelligence (AI) that can benefit humanity without causing harm or being misused. As of this writing, Sam Altman is still the OpenAI CEO after some dramatic changes in their board of directors (https://time.com/6338789/sam-altman-openai-return-timeline/).

GPT stands for generative pre-trained transformer. GPT is a series of language models developed by OpenAI that use deep learning to generate natural language texts on various topics and tasks. GPT models are trained on large amounts of text data from the web, such as Wikipedia, news articles, blogs, social media posts, and more. GPT models can learn from the patterns and structures of natural language and produce coherent and relevant texts based on a given input or prompt.

So, how does GPT fit into data governance?

...

Pairing data and AI

Using AI, particularly GPT, can transform enterprise data management, enhancing decision-making, insights, and efficiency. The integration of data governance, stewardship, and AI fosters improved enterprise operations.

Data is the fuel that powers AI, and AI is the engine that drives actionable insights from data. By bringing together data and AI, you can achieve the following:

  • Uncover and leverage emerging trends by analyzing large volumes and varieties of data from multiple sources: Data stewards can use AI to manage vast and diverse data, helping data analysts to uncover and seize industry and market opportunities.
  • Automate customer segmentation: AI can analyze consumer behavior patterns within data, allowing data stewards to automate segmentation and deliver tailored customer experiences.
  • Optimize digital marketing: Data stewards maintain good quality customer data for AI-powered personalized marketing while ensuring ethical use, data privacy...

Leveraging AI and GPT for data governance

By leveraging the capabilities of AI and GPT, organizations can automate data management processes, derive insightful analytics, and enhance decision-making capabilities. The potential benefits of these technologies are extensive, ranging from improved data quality to enhanced regulatory compliance and risk management. Amid this transformative shift, the role of a data steward becomes increasingly important. As the custodians of data, stewards have the opportunity to demonstrate their value by facilitating the integration of AI and GPT into governance strategies, ensuring data integrity, and driving efficient data usage to deliver strategic insights and drive business outcomes.

Let’s see how we can achieve greater efficiency, accuracy, and innovation in the data governance space by using the latest AI technologies.

Enhancing data quality and trust

As the foundation of any data governance strategy, maintaining data quality and...

Understanding the challenges and limitations

While AI and GPT possess the transformative power to automate and streamline data governance processes, they are not the silver bullet that can instantly resolve all data-related issues. While promising, incorporating AI into data governance presents its own set of challenges and limitations. The primary obstacle lies in the sheer volume and complexity of enterprise data. There are some considerations when you deploy the AI solutions for data governance:

  • Fueling the right AI with the right data for data governance in a real-time manner: AI and GPT models require large amounts of high-quality data to learn from and generate outputs. However, the data are often scattered, siloed, incomplete, inconsistent, or outdated in many organizations. Data governance itself is a complex and dynamic process that involves multiple stakeholders, roles, processes, communications, metrics, and tools. There is a question mark to ensure that the right...

Embracing a responsible AI framework

A responsible AI framework is crucial for ensuring that AI systems are not only effective but also ethical, fair, and transparent. It is about making sure that as we harness the power of AI, we do so in a way that respects human values and societal norms. The Microsoft responsible AI framework (https://www.microsoft.com/en-us/ai/responsible-ai) is a set of guidelines and best practices for building and using AI systems in a way that respects human values and ethics. It is based on six principles: fairness, reliability and safety, privacy and security, inclusiveness, transparency, and accountability, as shown in Figure 9.11:

Figure 9.11 – Responsible AI framework

Figure 9.11 – Responsible AI framework

The framework can help ensure the effective use of AI for data governance by considering the following:

  • Fairness: Ensuring that the AI systems do not create or reinforce unfair biases or outcomes for different groups of people or data subjects...

Future of AI for data governance

In the digital age, AI is set to revolutionize data governance. As data-driven decision-making grows, AI’s role in managing, protecting, and leveraging data becomes crucial. AI can automate tasks and predict trends, bringing unprecedented efficiency to data governance.

As we look to the future, the impact of AI on data governance is only set to grow.

Here are the trends:

  • The use of AI and machine learning will revolutionize data quality measurement, data discovery, classification, and lineage. This not only enhances data governance but also allows data stewards to focus on strategic tasks.
  • With the increasing volume and variety of data, AI can boost efficiency, accuracy, and scalability, making data governance more manageable.
  • AI’s ability to detect anomalies and inconsistencies will significantly improve data quality.
  • Sophisticated AI models can predict future trends from historical data, empowering organizations...

Summary

AI and GPT models can supercharge your data governance and stewardship program by enhancing your meta-data documentation and data quality with automated text generation and natural language understanding.

By leveraging the capabilities of AI and GPT for your data governance tasks, you can achieve greater efficiency, compliance, and value for your data. However, there are challenges and limitations to using AI and GPT models for data governance, such as ensuring the accuracy of the generated texts and adapting the GPT models to your specific data domains. Ensuring responsible AI practices through fairness, reliability, safety, privacy, security, inclusiveness, transparency, and accountability is a crucial aspect of harnessing AI’s full potential. Data stewards play a pivotal role in this journey by implementing these principles at every step of the journey.

The future of data governance is being shaped by the advances in AI, offering exciting opportunities for automation...

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Published in: Feb 2024Publisher: PacktISBN-13: 9781837636594
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Author (1)

author image
Pui Shing Lee

Pui Shing Lee is a visionary leader with two decades' experience in FinTech, Data, AI, and Cloud across Europe, the US, and APAC. He is a Cloud Solution Strategist (Data & AI) at Microsoft. With a passion for deriving actionable insights from data, he provides comprehensive solutions for customers' journeys, ensuring tangible business outcomes. Shing holds industry-leading certifications like DAMA CDMP and EDMC CDMC V1. His professional experience includes roles as Chief Data Officer at Hang Seng Index, Head of Data Governance at HKEX, and APAC Director at IHS Markit. As the co-founder of the Data Literacy Association, Shing advocates for a culture-fit data strategy, self-service models, and automated governance on robust cloud platforms.
Read more about Pui Shing Lee