Clearing the Road to Quality
Strapline: Q&A
Are data governance plans proving effective for improving data quality?
In its essence, data governance paves the way towards a change of behavior and a care for data that should yield better data quality. The challenges are centered around its prioritization and pervasiveness. Many firms are planning too aggressively—trying to gulp the entire breadth of data in one go with policies, edicts and compliance programs. Data governance is a huge change in the collective company behavior and should be tailored to the company so that it is progressive, but most importantly sustainable.
What is the most important element for addressing data quality, and why?
Data quality must be seen through the eyes of the data consumers. Too often, "good data quality" is discussed as an absolute value. Therefore quality-level agreements between data owners and data consumers should be brought about to detail what good looks like, in order to manage expectations and use company resources in the right direction. That should also simplify data quality communication, as an unqualified ocean of red, amber and green indicators can affect the confidence of those consuming the data.
Is automation having a negative effect on data quality?
Potentially, if automation increases the output of a process in terms of unit produced per time, and as a benefit is supposed to reduce the human touch-time in the whole process (e.g. risk auto-approval), there is a risk that a quality issue could be replicated on larger scale faster, and have a deeper impact. The solution is to design automation with more robust and tested quality control processes from the start.
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
CME rankles market data users with licensing changes
The exchange began charging for historically free end-of-day data in 2025, angering some users.
Data heads scratch heads over data quality headwinds
Bank and asset manager execs say the pressure is on to build AI tools. They also say getting the data right is crucial, but not everyone appreciates that.
Reddit fills gaping maw left by Twitter in alt data market
The IMD Wrap: In 2021, Reddit was thrust into the spotlight when day traders used the site to squeeze hedge funds. Now, for Intercontinental Exchange, it is the new it-girl of alternative data.
Knowledge graphs, data quality, and reuse form Bloomberg’s AI strategy
Since 2023, Bloomberg has unveiled its internal LLM, BloombergGPT, and added an array of AI-powered tools to the Terminal. As banks and asset managers explore generative and agentic AI, what lessons can be learned from a massive tech and data provider?
ICE launches Polymarket tool, Broadridge buys CQG, and more
The Waters Cooler: Deutsche Börse acquires remaining stake in ISS Stoxx, Etrading bids for EU derivatives tape, Lofthouse is out at ASX, and more in this week’s news roundup.
Fidelity expands open-source ambitions as attitudes and key players shift
Waters Wrap: Fidelity Investments is deepening its partnership with Finos, which Anthony says hints at wider changes in the world of tech development.
Data standardization key to unlocking AI’s full potential in private markets
As private markets continue to grow, fund managers are increasingly turning to AI to improve efficiency and free up time for higher-value work. Yet fragmented data remains a major obstacle.
Digital employees have BNY talking a new language
Julie Gerdeman, head of BNY’s data and analytics team, explains how the bank’s new operating model allows for quicker AI experimentation and development.