Tag "Data Governance"
I recently heard a couple different analogies for data. The first is that data is the “new oil.” Data is a valuable resource that powers global business. Consequently, it is targeted for theft by hackers. The thinking is this: People are not after your servers, they’re after your data. The other comparison is that data... more
It has never been a more challenging time to be a Chief Risk Officer at a financial services firm. New regulations (CCAR, Basel III, BCBS 239, Solvency II, EMIR) have increased the complexity of the role. Today, risk management organizations must use precise data to measure risk, allocate capital and cover exposure. In addition, they... more
Recently, I talked with a company that had allocated millions of dollars for paid social media promotion. Their hope was that a massive investment in Twitter and Facebook campaigns would lead to “more eyeballs” for their online gambling sites. Although they had internal social media expertise, they lacked a comprehensive partnership with IT. In addition,... more
Today, I am going to take a stab at rationalizing why one could even consider solving a problem with a solution that is well-known to be sub-par. Consider the Ford Pinto: Would you choose this car for your personal, land-based transportation simply because of the new plush dice in the window? For my European readers,... more
Nine years ago when I started in the data integration and quality space, data quality was all about algorithms and cleansing technology. Data went in, and the “best” solution was the one that could do the best job of fuzzy matching the data and cleaning more data than the other products. Of course, not data... more
Over the last 40 years, data has become increasingly distributed. It used to all sit on storage connected to a mainframe. It used to be that the application of computing power to solve business problems was limited by the availability of CPU, memory, network and disk. Those limitations are no longer big inhibitors. Data fragmentation... more
When I was seven years old, Danny Weiss had a birthday party where we played the telephone game. The idea is this: there are 8 people sitting around a table, the first person tells the next person a little story. They tell the next person, the story, and so on, all the way around the... 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.