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: 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.
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
As the ETF market grows, firms must tackle existing data complexities
Finding reliable reference data is becoming a bigger concern for investors as the ETF market continues to balloon. This led to Big xyt to partner with Trackinsight.
Artificial intelligence, like a CDO, needs to learn from its mistakes
The IMD Wrap: The value of good data professionals isn’t how many things they’ve got right, says Max Bowie, but how many things they got wrong and then fixed.
An inside look: How AI powered innovation in the capital markets in 2024
From generative AI and machine learning to more classical forms of AI, banks, asset managers, exchanges, and vendors looked to large language models, co-pilots, and other tools to drive analytics.
As US options market continued its inexorable climb, ‘plumbing’ issues persisted
Capacity concerns have lingered in the options market, but progress was made in 2024.
Data costs rose in 2024, but so did mitigation tools and strategies
Under pressure to rein in data spend at a time when prices and data usage are increasing, data managers are using a combination of established tactics and new tools to battle rising costs.
In 2025, keep reference data weird
The SEC, ESMA, CFTC and other acronyms provided the drama in reference data this year, including in crypto.
Asset manager Saratoga uses AI to accelerate Ridgeline rollout
The tech provider’s AI assistant helps clients summarize research, client interactions, report generation, as well as interact with the Ridgeline platform.
CDOs evolve from traffic cops to purveyors of rocket fuel
As firms start to recognize the inherent value of data, will CDOs—those who safeguard and control access to data—finally get the recognition they deserve?