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
UK pushes financial firms to adopt privacy-enhancing technologies
Lawmakers and vendors are set to usher in an era of mutualized data insights. Are banks ready?
Waters Wrap: Examining ASX’s CHESS do-over
The Australian exchange was the first exchange to be all-in on DLT—and the project failed. Anthony speaks with ASX’s Tim Whiteley to discuss the lessons learned and why he thinks the second attempt will succeed.
Banks find intriguing ‘data play’ via tokenization efforts
Tokenization is no longer just a peculiarity of the crypto world, as execs from global custodian banks discuss their firms’ tokenization and digital assets strategies.
The IMD Wrap: Are server life extensions putting profits before performance?
Cloud providers are having to make more hardware available to keep pace with takeup—including older machines that under previous policies would have been retired already. But the move is proving profitable … and risky.
Goldman Sachs looks to ‘Amazon’-like ecosystem with MarketView launch
The new research and collaboration tool is delivered through Goldman’s Marquee platform.
FactSet lays out AI blueprint for discoverability, workflows, and innovation
The data provider is utilizing generative AI and large language models to provide a conversational interface in FactSet Workstation that will complement AI-powered workflows and products.
Industry unsure of SEC’s new short-selling transparency rule
Does the SEC’s recent 10C-1a rule provide sufficient transparency while protecting traders’ short-sale positions from a GameStop-style backlash? The data will be key.
Waters Wrap: As quantum’s skeptics grow in number, believers need better messaging
As you explore ways to use genAI, do you benefit from having ML and NLP experts on staff who have followed AI evolution for years? Anthony thinks that’s an important question when talking about quantum exploration.
