Data Governance special report
An Inside Reference Data special report covering aspects of data governance, including EDM and MDM methods.
November 2015 -- Sponsored by AIM Software and Eagle Investment Systems
Click here to download the PDF
The EDM/MDM Challenge
Asked whether enterprise data management (EDM) as a method of data governance has weaknesses, AIM Software's Olivier Kenji Mathurin says EDM's problem is a lack of transparency (in the Virtual Roundtable in this report). A possible reason for this, Mathurin says, is that retracing the technical implementation of data policies can be necessary to uncover implementation information and make the data governance transparent.
While EDM can ensure consistency, it does not address whether processes should be governed centrally or in more distributed or federated fashion, says Mathurin's colleague, Paul McInnis of Eagle Investment Systems. Master data management (MDM) uses aggregation of sources to ensure a consistent view, McInnis adds. Yet, MDM and EDM can possibly complement each other, according to Acadian Asset Management's Brian Buzzelli.
These views raise the question of whether both MDM and EDM should be used, and used together, to get data governance benefits that would otherwise be impossible to achieve - especially transparency. MDM should be viewed as a component within EDM, according to Scotiabank's Paul Childerhose, interviewed in a Q&A. Setting up MDM and EDM this way ensures improvement of data governance and data quality, he says.
These data governance professionals all say progress has been made in the field, but it's apparent that with more attention paid to data governance and more data governance work being done, the issue of figuring out MDM and EDM plans is taking center stage.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Data Management
The IMD Wrap: Talk about ‘live’ data, NAFIS 2024 is here
This year’s North American Financial Information Summit takes place this week, with an expanded agenda. Max highlights some of the must-attend sessions and new topics. But first, a history lesson...
Waters Wavelength Podcast: S&P’s CTO on AI, data, and the future of datacenters
Frank Tarsillo, CTO at S&P Global Market Intelligence, joins the podcast to discuss the firm’s approach to AI, the importance of data, and what might be in store for datacenters in the coming years.
Breaking out of the cells: banks’ long goodbye to spreadsheets
Dealers are cutting back on their use of Excel amid tighter regulation and risk concerns.
BMO’s cloud migration strategy eases AI adoption
The Canadian bank is embracing a more digital future as its cloud strategy makes gains and it looks to both traditional machine learning and generative AI for further augmentation.
Waters Wrap: GenAI and rising tides
As banks, asset managers, and vendors ratchet up generative AI experiments and rollouts, Anthony explains why collaboration between business and tech teams is crucial.
People Moves: NorQuant, Tradition, Duco, HKEx, SimCorp, Hazeltree, Xceptor, Broadridge, and more
A look at the past month’s people moves in the capital markets technology and data space.
Northern Trust building internal cloud data ‘marketplace’
Using a mix of in-house expertise and third-party technologies, the firm has constructed a cloud-based data mesh that gives internal staff access to proprietary datasets and analytical tools to deliver greater insights into client activity.
FactSet looks to build on portfolio commentary with AI
Its new solution will allow users to write attribution summaries more quickly and adds to its goal of further accelerating discoverability, automation, and innovation.
Most read
- Waters Wavelength Podcast: S&P’s CTO on AI, data, and the future of datacenters
- Chris Edmonds takes the reins at ICE Fixed Income and Data Services
- Waters Wrap: GenAI and rising tides