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: Unpacking Stablecoin Challenges for Financial Institutions

The stablecoin market is experiencing unprecedented growth, driven by emerging regulatory clarity, technological maturity, and rising global demand for a faster, more secure financial infrastructure. But with opportunity comes complexity, and a host of challenges that financial institutions need to address before they can unlock the promise of a more streamlined financial transaction ecosystem. These...

BLOG

Financial Markets Need Explainable Agents, Not Black Boxes

By Cédric Cajet, Product Director, NeoXam. Artificial intelligence (AI) is fast becoming the newest arms race in financial markets. From portfolio construction to risk modelling and client reporting, firms are racing to embed machine learning and generative AI into their operations. Whether it’s faster insights to make better investment decisions or the ability to reduce...

EVENT

Eagle Alpha Alternative Data Conference, London, hosted by A-Team Group

Now in its 8th year, the Eagle Alpha Alternative Data Conference managed by A-Team Group, is the premier content forum and networking event for investment firms and hedge funds.

GUIDE

Practical Applications of the Global LEI – Client On-Boarding and Beyond

The time for talking is over. The time for action is now. A bit melodramatic, perhaps, but given last month’s official launch of the global legal entity identifier (LEI) standard, practitioners are rolling up their sleeves and getting on with figuring out how to incorporate the new identifier into their customer and entity data infrastructures....