Data Governance special report
![001-ird-datagov 001-ird-datagov](/sites/default/files/styles/landscape_750_463/public/import/IMG/443/302443/001-ird-datagov.jpg.webp?h=91fa0ed0&itok=fmOW93wq)
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
How a Chinese AI firm shook the tech world
DeepSeek’s AI model is the very ethos of doing what you can with what you have.
To unlock $40T private markets, Hamilton Lane embraced automation
In search of greater transparency and higher quality data, asset managers are taking a tech-first approach to resource gathering in an area that has major data problems.
FactSet-LiquidityBook: The buy-side OMS space continues to shrink
Waters Wrap: Anthony spoke with buy-side firms and industry experts to get a feel for how the market is reacting to this latest tie-up.
S&P sees strong demand for GenAI tools as leadership changes hands
The data provider released several AI-enabled tools and augmentations to existing platforms in 2024 and plans to continue to capitalize on the technology in 2025.
To modernize loan markets, making data more accessible is key
Wilmington Trust is using AccessFintech’s Synergy platform to ditch faxes and emails in the increasingly popular asset class.
Lucrative market data deal with LSEG fuels Tradeweb’s record quarter
The fixed-income trading venue realized gains from its 2023 deal with the London Stock Exchange Group, amid soaring revenues from market data providers industry-wide.
Is overnight equities trading a fad or the future?
Competition is heating up in US equity markets as more venues look to provide trading from twilight to dawn. But overnight trading has skeptics, and there are technical considerations to address.
DTCC revamps data distribution, collection efforts with cloud, AI
The US clearinghouse is evaluating the possibilities that cloud and AI offer to streamline the processes by which it collects and makes data available to market participants.