Data Governance special report
October 2014 -- Sponsored by Eagle Investment Systems and Infogix
Click here to download the PDF
Shoring Up Governance
Data governance efforts can backslide into becoming more about documentation and cost savings, but to be effective, they must be firmly anchored in communication between the business and technology departments of firms trying to implement them, as participants in the Virtual Roundtable and Q&A features in this report make clear.
While tensions between business and IT are often present, as Aratinga Consulting's Justin York says in the Roundtable, a governance forum to facilitate discussion between the two can make progress on policies and processes. Eagle Investment Systems' Paul McInnis suggests data governance is a "shared responsibility" for business and IT, and Infogix's Bobby Koritala concludes that successful data governance, in turn, helps both sides.
So, how can firms achieve success with data governance? York, McInnis and Koritala all point to senior management - supporting governance discussions and
a governance framework, becoming enlightened about the value of data and how it can be obtained through good governance, and evangelizing for governance efforts instead of seeing them as a waste of resources.
As Aite Group's Virginie O'Shea points out in the Q&A (page 14), data governance cannot be completely outsourced. Internal business users have to take responsibility for establishing data governance that produces higher quality data and getting management to support governance efforts, she says.
Progress on data governance is a mixed bag in the industry, as these experts
indicate. The increasing appearance of the chief data officer role is making
management more receptive to data governance concerns. The risk benefits that data governance can bring are helping to sell managements on making the efforts.
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: https://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.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
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. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Data Management
AWS, Moody’s latest play shows further proof of MCP’s rise on Wall Street
The rating agency is building on a long-standing relationship with Amazon Web Services to deliver data and insights to clients.
M&As, MCPs and why clean data is essential
The Waters Wrap: Financial firms are racing to adopt AI—but the payoff depends on having the right foundations, particularly clean, normalized data, writes Wei‑Shen.
How governance-first architecture stabilizes complex systems
Chetan Patil argues that many transformation projects fail not because of the technology but because of weak data governance. Adopting a governance-first discipline early (and building speed, resiliency, and credibility over time) is best.
US regulators remove FIGI proposal from joint FDTA rules
The Financial Data Transparency Act’s final rules omit an earlier proposal to establish the FIGI as a common financial instrument identifier across regulatory reporting activities.
Clear Street rolls out new BestEx algo platform
Clear Street has deployed BestEx’s new platform, giving it global execution reach, plus a host of other features built in.
Is alt data betting on prediction markets?
The Waters Wrap: Prediction markets are riddled with legal uncertainties, but they also might be one of the richest new data sources seen in years, writes Nyela.
Will SEC reporting proposal supercharge alt data providers?
An SEC proposal that would let companies opt out of quarterly reporting disclosures could be a boon for alternative data providers.
LSEG paid $275 million for MayStreet, court documents say
Amid the ongoing MayStreet–LSEG lawsuit, lawyers for the exchange group filed documents last week that reveal the price tag of the deal and the earnout amounts at the center of the case.