About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Data Governance “Poorly Practised”

Subscribe to our newsletter

The concept of data governance is one much bandied about in EDM circles, especially as the notion of purely centralised data management morphs into a more pragmatic strategy of centralised control over distributed data stores. But, as is well documented in a new white paper written by Baseline Consulting and sponsored by master data management hub provider Siperian, putting data governance into practice is no mean feat.

As the author, Baseline partner Jill Dyche, writes: “The goal of data governance is to establish and maintain a corporate-wide agenda for data, one of joint decision making and collaboration for the good of the company. It’s a joint effort between the business and IT, and one that’s so far been at best misunderstood, and at worst poorly practised.”

There are several reasons for the failure of data governance, Dyche says, including relying on IT and business data managers to bring data governance to life. “These individuals… may… lack the organisational clout to influence development and participation in a business-sanctioned data governance undertaking.” Another is that data governance councils tend “to simply fade away”.
Baseline recommends a four step process to create a sustainable data governance framework. First, design the data governance, establishing guiding principles, decision rights and decision making bodies. Second, overcome organisational barriers. Third, enact and oversee. Refine goals and resources and communicate performance results. Four, deliver and measure benefits.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Navigating a Complex World: Best Data Practices in Sanctions Screening

As rising geopolitical uncertainty prompts an intensification in the complexity and volume of global economic and financial sanctions, banks and financial institutions are faced with a daunting set of new compliance challenges. The risk of inadvertently engaging with sanctioned securities has never been higher and the penalties for doing so are harsh. Traditional sanctions screening...

BLOG

The Data Year Ahead: AI Comes of Age, Private Markets Become Less Opaque

2026 is set to be the year in which the evolutionary changes hinted in the past 12 months become established within the data landscape, according to expert predictions. Artificial intelligence will mature into the game-changing innovation it has promised for years and private markets, whose growth in importance in the past few years has been...

EVENT

RepRisk Sustainability Breakfast Roundtable London

The London sustainability breakfast is part of the global roundtable thought leadership event series hosted by RepRisk in key markets, including, New York, Toronto, London, Frankfurt, Oslo, Copenhagen, Stockholm, Hong Kong and Singapore in 2026.

GUIDE

The Reference Data Utility Handbook

The potential of a reference data utility model has been discussed for many years, and while early implementations failed to gain traction, the model has now come of age as financial institutions look for new data management models that can solve the challenges of operational cost reduction, improved data quality and regulatory compliance. The multi-tenanted...