Data Governance System for Accuracy and Speed Trade-offs

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Solution Overview

Problem

Entities face challenges in controlling and ensuring the accuracy and consistency of significant volumes of data in real-time, necessitating an improved system for data governance that integrates data from multiple platforms and meets emerging data aggregation requirements.

Innovation Solution

A data governance system that receives data from source systems, verifies it against set rules, generates metadata and control statements, and transfers data to authorized sources, while classifying and validating data to ensure accuracy and consistency, and implements actions to eliminate inconsistencies and redundancies.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Measurement precision

If data is received from multiple source systems without verification, then data volume and processing speed are maintained, but data accuracy and consistency deteriorate

Engineering Contradiction:
Improvedata accuracyVSAvoiddata processing speed
Core Design Contradiction:
Measurement precisionVSProductivity

Solution Approach 1:

The system performs preliminary verification of data against predefined rules and criteria before data is fully integrated into the enterprise data warehouse. This advance validation ensures data accuracy is maintained without compromising processing speed, as the verification occurs as part of the initial data ingestion process rather than as a subsequent corrective measure.

Inventive Principle:
Principle #10Preliminary action

Solution Approach 2:

The patent introduces an intermediary verification layer between data source systems and the enterprise data warehouse. This intermediary component validates data against predefined rules, schemas, and quality criteria, acting as a buffer that ensures data accuracy while maintaining the flow and processing speed of data through the system.

Inventive Principle:
Principle #24Intermediary (Mediator)

2Reliability

If data verification and validation processes are implemented, then data accuracy is improved, but system complexity increases

Engineering Contradiction:
Improvedata consistencyVSAvoidsystem complexity
Core Design Contradiction:
ReliabilityVSDevice complexity

Solution Approach 1:

The system manages complexity by dynamically adjusting verification parameters and rule sets based on data source, data type, and enterprise requirements. Rather than implementing a single complex verification framework, the system modifies verification parameters to match specific data contexts, maintaining data consistency while keeping the overall system architecture manageable and adaptable.

Inventive Principle:
Principle #35Parameter changes

Solution Approach 2:

The verification and validation processes are segmented into distinct, modular components that can be independently configured and maintained. Data verification is separated into multiple stages including initial validation, rule-based checking, and quality assessment, allowing each segment to be optimized independently and reducing overall system complexity through modular design.

Inventive Principle:
Principle #1Segmentation

3Adaptability or versatility

If data is classified and distributed to multiple authorized sources, then data accessibility and utility are improved, but data management complexity increases

Engineering Contradiction:
Improvedata accessibilityVSAvoiddata management complexity
Core Design Contradiction:
Adaptability or versatilityVSDevice complexity

Solution Approach 1:

The patent implements a universal classification framework that categorizes data into standardized domains and types that can be reused across multiple authorized sources and applications. This multi-functional classification system enables the same data structure and categorization logic to serve multiple purposes and data distribution scenarios, improving accessibility while avoiding the need for separate management systems for each data destination.

Inventive Principle:
Principle #6Universality (Multi-functionality)

Solution Approach 2:

The system creates standardized data copies and metadata templates that can be replicated across multiple authorized data sources. Rather than managing unique data relationships for each destination, the system uses copy-based approaches where verified data and its classification metadata are replicated to authorized sources, simplifying management while maintaining data accessibility across the enterprise.

Inventive Principle:
Principle #26Copying

Data Source

PatentUS10628058B1System for electronic data verification, storage, and transfer
Publication Date: 2020.04.21 BANK OF AMERICA CORP
  • US10628058B1 patent drawing
  • US10628058B1 patent drawing
  • US10628058B1 patent drawing

AI summary

Embodiments of the invention are directed to systems, methods, and computer program products for verifying, storing, and transferring data within an entity. The system is configured for receiving data from one or more source systems, generating a metadata, exposure, and control statement for the data, transferring the data and the metadata, exposure, and control statement to a system of origination, logically classifying the data in the system of record into one or more domains, transferring the data into one or more authorized data sources associated with the one or more domains, receiving a request from a user associated with a target system to retrieve a set of data from the one or more authorized data sources, and transferring the set of data from the one or more authorized data sources to the target system.