When datasets from external sources are updated, can we receive and process the new data on time?
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When datasets from external sources are updated, can we receive and process the new data on time?
- This could be especially risky in health and finance environments. How much change are you expecting in the data you receive?
- How can you make sure that you receive the updates on time?
If you answered No then you are at risk
If you are not sure, then you might be at risk too
Recommendations
Not only do you need to be able to trust the sources but you also need to design a process in which data is prepared on time to be used in the model and where you can timely consider the impact it could have in the output of the model, especially when this could have a negative impact on the users. This process can be designed once you know how often changes in the data can be expected and how big the changes are.