Tag "Master Data Management"

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

We Get by With a Little Help From our Data Management Friends… and Star Trek

If you’re like me, you’ve been sheltering in place at home for the past eight months and you’re on your fourth round of watching “Star Trek: The Next Generation.” Okay, maybe that’s just me, but if there’s one thing I take away from 2020, it’s that when times are uncertain, we can always lean on... more

Chief Data Officers: Challenges and Opportunities

In my last blog, I wrote about 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 dive deeper into the challenges and opportunities for each of those archetypes (Governance Gurus, Operational Optimizers, Analytics Champions, and Digital Innovators). For... more

Four Critical Success Factors to Deliver Rapid Business Value with Your Master Data Management Implementations

Taking A Modern Approach So Your MDM Implementations Aren’t Lengthy, Difficult, or Costly  Master Data Management (MDM) implementations have successfully delivered value across nearly every industry, sector, and geography.  MDM has been a staple in data architectures for over 20 years and is recognized as a mature technology—but that doesn’t mean it’s stopped evolving.  What is Master Data Management?  Organizations... more

COVID-19’s Impact on Data Governance and Risk Management Across Financial Services

Managing and monitoring credit, market, liquidity, and operational risk across financial markets was hard enough with ongoing geopolitical tensions, international trade wars, and of course the occasional hurricanes and earthquakes. The current pandemic is forcing chief risk officers and their teams to recalibrate old assumptions and models used to manage and monitor risk. Innovations in... more

3 Rewarding Ways Finance Can Use Data to Drive Success

Over the last few years, we have seen a wave of developments that have had an impact on executive decision-making. CFOs have been at the center of this disruption, as their role in the last five to 10 years has changed dramatically as more and more responsibility has been put on their plate. Today’s finance leaders not only need to arrive at recommendations at critical junctures for the organization, they also need to show how... more

A Business 360 Delivers Context to Realize a Successful Digital Transformation

Digital transformation has been a strategic corporate initiative for some time. Since the rapid onset of COVID-19, the pressure to transform has accelerated and become mission critical as digital has become the primary—or only—channel for most industries. What is digital transformation? Fundamentally, it is about converting analog processes to a digital format. The result is... more

Rein in Improper Government Payments With Data Management

Improper payments have been a growing challenge for government entities as they work to support citizens in times of crisis. In 2019, over $175 billion in improper payments were issued by the Federal Government. That’s a 15% increase from 2018. Underlying factors around improper payments are not always due to fraud—inaccurate citizen data, coding errors,... more

Data 4.0: A New 360-Degree Perspective With Master Data Management

We’ve been on an exponential path with data over the last decade. During Data 1.0, we used data to drive specific business applications and those applications managed master data. Data 2.0 saw data supporting enterprise-wide business processes and we used master data management (MDM) tools to ensure consistency of master data across applications. And in... more

Informatica Named a 2020 Gartner Peer Insights Customers’ Choice for Master Data Management Solutions

Our customers are at the heart of our success. That is to say, here at Informatica we realize that without our customers’ success, guidance, and innovative use of our solutions, our continued industry leadership would not be possible.   And it is because our customers have shared their experiences that Informatica has been recognized as a Customers’... more