EFIS 2015: Deutsche Bank's Rangaswami Describes Challenges of Evolving CDO Role
The CDO role is evolving from data management to data ownership, Rangaswami said.
In the past, financial institutions were less complex and generated more data internally, so managing the ecosystem of sources, databases and standards was a simpler task, Rangaswami said. As a result, firms had a clear understanding of their data infrastructure, trusted their vendors, and providence, lineage and linkage were all natural. However, today, firms consume more market data, reference data and transactional data from outside their organization, and the firewall has become "porous," he
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