Third-Party Data Exchanges

In the context of exchanging data with third parties, Data Contracts play a critical role in ensuring security and compliance. They establish protocols for data management that promote responsible practices and alignment with legal and quality standards. This, in turn, diminishes risk for organizations and their external associates.

Problem

When organizations exchange data with external partners, there are risks of data breaches, non-compliance with regulations, and data quality issues.

Solution

Data contracts are binding agreements that outline data governance policies, security standards, and compliance requirements such as GDPR or HIPAA. They ensure that third parties handle the data appropriately and that the data exchanged adheres to legal and quality standards.

More Use Cases

Interdepartmental Data Sharing

In interdepartmental data sharing, Data Contracts provide a shared data framework that facilitates effective communication and builds trust between departments. The result is a streamlined integration that enhances data quality throughout the organization, yielding long-term benefits.

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Machine Learning Models

In the business context of machine learning, Data Contracts are vital protectors of model performance. They establish concise criteria for data quality, volume, timing, and structure. Their purpose is to guarantee that machine learning models always obtain the appropriate data for superior performance, despite changing data environments.

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Robert Glaser

Head of Data and AI

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