Risk Data Instance

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