In this blog, we will review how the YDC Data Valuation Engine (www.yourdataconnect.com) supports Collibra business adoption by adding financial metadata to reports.
In a previous blog, we discussed the use of YDC to quantify the financial benefits of compliance with the Large Financial Institution (LFI) rating system from the United States Federal Reserve. YDC assigns an overall value to the LFI program and then distributes a share to key components including Key Data Elements (KDEs) and report certification.
The YDC Data Valuation engine has now assigned an overall value of $82,387,800 to the report certification program (Figure 1). As discussed earlier, report certification is a component of the overall LFI program along with KDEs. Each report has a criticality level of Critical, High, Medium, Low or Undefined. YDC assigns a weighted average valuation of $1,098,504 per criticality point. In addition, reports have certification weights – Level 1 (25%), Level 2 (50%), Level 3 (75%) and Level 4 (100%).
Figure 1: Report valuation in YDC
YDC ingests the report metadata from Collibra (Figure 2). For example, the Inflation report is Critical with Level 2 certification. As a result, this report is valued at $5,492,520 (10 Critical Points x $1,098,504 per Criticality Point x 50% for Level 2 Certification).
Figure 2: YDC ingests PowerBI report metadata from Collibra and adds valuation information
Let’s now discuss how this “financial metadata” is sent back to Collibra. To begin, Collibra ingests the business and technical metadata on PowerBI reports (Figure 3).
Figure 3: Uncertified PowerBI report in Collibra
Collibra then kicks-off report certification with a business lineage attestation task assigned to the data steward (Figure 4).
Figure 4: Business lineage attestation task assigned to data steward in Collibra
The financial valuation of the report is now sent from YDC to Collibra as a custom attribute (Figure 5).
Figure 5: Level 2 certified PowerBI report with a custom valuation