Data science teams need to have effective mechanisms to appropriately govern their analytical models. In addition, regulations such as the Basel Committee on Banking Supervision (BCBS 239), Comprehensive Capital Analysis and Review (CCAR), and Dodd-Frank Act Stress Testing (DFAST) require banks to have policies and procedures in place to appropriately validate the models used to assess and measure various aspects of risk. To document and inventory their models, model governance teams need to capture metadata regarding models.
R Integration with Collibra
R is a popular enterprise analytics application. Collibra® is a market-leading data governance solution. Information Asset’s integration of R with Collibra supports effective model governance. Using this integration, model governance teams can bring metadata regarding their R models into Collibra. This metadata can then be stitched into a traceability diagram within Collibra (see Figure 1).