Tag "business glossary"
In this blog, we explore the 5 Key Principles required for overcoming the challenges of Enterprise-wide Data Governance. For many Global Systematically Important Banks (GSIBs) the initial deadline for BCBS239 compliance passed on 1st January 2016 so I thought I’d outline some of the challenges they, and other financial organisations, have faced and some of... more
With the compliance date for BCBS239 designated GSIBs (Global Systemically Important Banks) just about to arrive in January 2016; many DSIBs (Domestic Systematically Important Banks) are looking carefully at their global counterparts to see what worked well; and what didn’t. The first challenge is that not every Bank knows whether it will be designated a... more
I recently attended a meeting with a Financial Services organization on understanding the value of Data Governance. The audience were senior stakeholders in the business and they were not interested in a technology discussion. Their objective was to understand the value they could achieve by adopting an enterprise-wide data governance approach. They also wanted to... more
In the old days, data quality process was executed as a one-way process: IT gets access to raw data and builds lineage and mapping for the data, then passes them to business analyst to perform analysis. Often time analyst finds the data she received are not up to the required standard so she ends up spending... more
Do you remember NASA’s $125 million mistake in 1999? The Mars orbiter was lost as the result of a failed information transfer in which one engineering team used metric units while another used imperial units. I remember because I could relate. After moving to the U.S. from Canada for graduate school, I had to communicate... more
It’s important to note that I didn’t title this post “Implementing a Data Governance Architecture”. Data governance is not a technology space, tool – or architecture. As our data governance framework illustrates, tools and architecture represents but one of many facets needed to support an enterprise data governance competency. But once you’ve defined your vision... more