Tag "Best Practices"
The human psyche is designed for emergency braking. It’s not so good at long-term self-preservation. Humans aren’t great at long-term preservation. As a society, we are prone to procrastinate, go with the status quo and not upset processes. I can feel a few of you getting ready to hit the ‘comment’ button… but before you... more
Whether you’re a CFO, CMO, Head of Sales, Risk, Compliance, Human Resources, having the right data in your business applications is critical for success. Unfortunately, most business executives are often shielded from what really goes on under the cover, where all that data comes from, how it gets transformed, cleansed, and delivered into your CRM,... more
Achieving and maintaining a single, semantically consistent version of master data is crucial for every organization. As many companies are moving from an account or product-centric approach to a customer-centric model, master data management is becoming an important part of their enterprise data management strategy. MDM provides the clean, consistent and connected information your organizations... more
...when coupled with the word “data”, “dark” is anything BUT sinister...
Once upon a time, there were 3 Information Architects working in the financial services industry, each with different firms and backgrounds but all responsible for recommending the right technology solutions to help their firms comply with industry regulations including ongoing bank stress testing across the globe. Since 2008, bank regulators have been focused on measuring... more
Have you noticed something different this winter season that most people are cheery about? I’ll give you a hint. It’s not the great sales going on at your local shopping mall but something that helps you get to the mall allot more affordable then last year. It’s the extremely low gas prices across the globe,... more
I’m excited to share that, since its launch in January 2013, the GovernYourData.com community has been very well received. With over 4,700 unique visitors and nearing 600 registered members, many data management practitioners recognize it as a valuable go-to resource to support their data governance efforts. While maintaining our core objective of vendor- and product-neutrality,... more
As mentioned in my post describing the major business processes that comprise a data governance function, the Measure and Monitor processes i) capture and measure the effectiveness and value generated from data governance and stewardship efforts, ii) monitors compliance and exceptions to defined policies and rules, and iii) enables transparency and auditability into data assets... more
As mentioned in my post describing the major business processes that comprise a data governance function, the Apply processes aim to operationalize and ensure compliance with all the data governance policies, business rules, stewardship processes, workflows, and cross-functional roles and responsibilities captured through the Discover and Define process stages.
As mentioned in my post describing the major business processes that comprise a data governance function, the Define processes documents data definitions and business context associated with business terminology, taxonomies, relationships, as well as the policies, rules, standards, processes, and measurement strategy that must be defined to operationalize data governance efforts. This process runs parallel... more