Clement Delano Samosir
001202200174
1. Data Explosion and Management:
Challenge: The volume of data created and stored is growing exponentially, driven by factors
like the IoT, social media, and scientific research. This "data deluge" challenges organizations in
various ways.
Storage and infrastructure: Traditional storage solutions struggle to keep up, requiring
expensive upgrades and complex management.
Processing and analysis: Extracting insights from massive datasets requires advanced analytics
tools and computational power, often exceeding internal resources.
Security and privacy: Protecting sensitive information becomes more complex with more data
spread across diverse systems and locations.
Medical Informatics: Managing electronic health records (EHRs) and genomic data poses
significant challenges for hospitals and research institutions. Data integration across different
systems, ensuring patient privacy, and developing efficient tools for analysis are crucial
considerations.
Engineering: Large-scale engineering projects like designing airplanes or simulating complex
systems generate massive amounts of data.
Finance: Financial institutions grapple with managing trade data, customer information, and
market analytics.
2. Data Quality and Trust:
Challenge: Ensuring data accuracy, consistency, and completeness is crucial for informed
decision-making.
Human error: Data entry mistakes, inconsistent coding practices, and faulty assumptions can
introduce errors.
System limitations: Technical issues like incomplete data capture or incompatible formats can
affect data quality.
Bias and manipulation: Algorithmic bias or intentional manipulation of data can lead to unreliable
insights.
Medical Informatics: Inaccurate medical data can lead to misdiagnosis, inappropriate treatment,
and poor patient outcomes.
Engineering: Faulty data in engineering calculations can have severe consequences, such as
structural failures or product defects.
Finance: Financial decisions based on inaccurate data can lead to significant losses.
3. Information Governance and Compliance:
Challenge: Organizations must comply with various regulations governing data privacy, security,
and retention.
Balancing access and control: Providing authorized users with access to information while
protecting sensitive data from unauthorized access requires a delicate balance.
Data lifecycle management: Establishing clear guidelines for data creation, storage, use, and
disposal is essential for compliance and efficient information management.
Medical Informatics: HIPAA regulations require healthcare providers to protect patient privacy
and ensure secure EHR access.
Engineering: Engineering organizations must comply with industry standards and safety
regulations related to data management and reporting.
Finance: Financial institutions face strict regulations like KYC (Know Your Customer) and AML
(Anti-Money Laundering) that require meticulous data handling and reporting.
