Tag "Data Quality"

2021 Data Management Predictions for Financial Services

The new year brings new challenges and opportunities across the financial services industry as banks, brokerages, and life and P&C insurance companies prepare to enter it with enthusiasm and caution. To help shed some light on what might be in store, I’ve compiled a list of the top predictions in 2021 across financial services:  The... more

A Case to Reconstruct the World of Business Applications with Data Governance

Many industries worldwide deploy a wide variety of Business Applications (BAs) as a channel to offer services and, in return, they can capture, funnel, store and retrieve data which they can use for business activities such as reporting, predictive analytics, and other operations. Depending on the industry type, BAs can provide a wide array of... more

Reflections on a Year of Empowerment—Creating Value from Trusted Data at McGraw- Hill Education

In January of this year, I introduced a new webinar series featuring data governance leaders who are empowering their organizations with trusted data. As part of that series, I’ve had the privilege to sit down each and every month with a collection of experts to highlight their journey, showcase their success, and share their insights on how to get the... more

Chief Data Officers: The Opportunity for Greater Data Use

In my recent blog post, I wrote about the priorities and challenges of chief data officers (CDOs) in the financial services industry, as reported in IDC’s state of the chief data officer (CDO) survey commissioned by Informatica.[1] In this blog, I will look at the opportunity for greater use of the data collected by organizations.... more

3 Keys to Effective Data Governance in Healthcare

Data. Governance. Two words. Fourteen letters. Loaded with history and pain. The label “data governance” carries with it a lot of baggage in healthcare organizations. Most agree that healthcare data is poorly understood and inadequately documented, and that the resulting reporting and analysis is unreliable and can’t be trusted. This causes frustration among managers and... more

Chief Data Officers: A Financial Services Perspective

In my last blog, I wrote about the challenges and opportunities for the four archetypes of data leadership identified in IDC’s state of the chief data officer (CDO) survey [1] commissioned by Informatica. In this blog, I will look at the priorities and challenges reported by chief data officers in the financial services industry. The... more

Great Customer Experience in Financial Services Starts with Fit for Use Data

We all know that customer experience is pivotal for attracting and retaining customers in the banking industry. I recently had an interaction with my bank that brought this home in a big way. A few weeks ago, my iPhone’s Face ID failed to work, causing me to be locked out of my bank’s services. As... more

Data Governance in the Public Sector: How Effective Is Yours?

There’s no doubt that good data is a strategic asset to public sector institutions, whether in co-ordinating the national response to the COVID-19 pandemic, supporting and shaping long-term policy initiatives, or improving day-to-day service delivery. Complete, accurate, and accessible enterprise-wide data empowers institutions to make better decisions and take appropriate action, rapidly. Significant volumes of... more

Holistic Data Governance and Epic – Four High-Value Use Cases Beyond COVID-19

The last few years have seen enterprise data governance as a top data management priority for healthcare organizations. And data governance has become more critical specifically for provider organizations with the COVID-19 crisis as new sources of data proliferate, the scope of self-service analytics expands dramatically, and executive decision-making evolves overnight to rely on reporting... more

Enjoying your data lake from your lakehouse

When it comes to data, businesses have trust issues. According to a survey by TDWI, 64% of CIOs(1) believe data quality and management are the biggest barriers to unleashing the power of all the information they process and store. To gain more control, companies have invested in cloud data warehouses and data lakes. The growing... more