Data Governance special report

001-ird-datagov

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.

Click here to download the PDF

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 copy this content. Please contact info@waterstechnology.com to find out more.

Waters Wrap: The tough climb for startups

Anthony speaks with two seasoned technologists to better understand why startups have such a tough time getting banks and asset managers to sign on the dotted line.

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here