Risk Data Instance
From Open Risk Manual
Definition
Risk Data Instance is a service that provides access to a specific Risk Data Dataset.
Structure
- The content of a risk data instance might be described by one or more risk data schemas
- The data content of the data instance comprises of one or more Risk Data Types
Examples
- a hard disk filesystem with specified directories holding the required data in various file formats
- a database (server) that provides access to data via applications or other API's
- a web service that provides access to risk data over a network
- a spreadsheet that holds and provides access to data via an application
Issues and Challanges
- Poor Data Governance may lead to multiple conflicting sources of data (lack of Golden Source)
- Spreadsheets are notoriously difficult to manage consistently across teams and over time, an example of incomplete Data Provenance
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