The growing acceptance of data as an enterprise-wide necessity is gaining ground, especially within capital markets, where rapid changes in the global economy and increasing pressure on bottom lines is prompting a rethink of business models.
The need for greater data and product delivery speeds, the demand for more efficient workflows to reduce costs and mounting obligations imposed by regulators have made paramount the case for better data quality and management.Such is data’s importance that the greatest risk to organisations today is no longer a market crash but bad data. Without good quality, consolidated data, all investment in technology is at risk – and the stability of the organisation along with it.
The principle of data as the lynchpin for driving modernisation will be the subject of a wide-ranging discussion when experts from across the data landscape gather for the next A-Team Live webinar entitled “The Data-First Enterprise: Fuelling Modernisation in Capital Markets”.
“Data is the engine of modernisation in capital markets,” Michael Curry, President of Data Modernisation at Rocket Software and one of the speakers at the October 7 webinar, told Data Management Insight.
“When it’s well-understood, trustworthy and accessible, organisations can move faster, stay ahead of regulatory change and unlock new opportunities for customers. Put simply, a data-first strategy is what turns modernisation from aspiration into long-term business impact.”
Expert Panel
Curry will be joined on the webinar by Mridula Mutharaju, Head of Data and Analytics Commercial and Institutional at NatWest Group and Andrea Phelan, Managing Director, Data Solutions and Services at BNY. Data Management Insight editor Mark McCord will moderate the session, which has been sponsored by Rocket Software.
Data quality is often cited as the single-toughest nut to crack when it comes to implementing a modern data architecture. It’s regarded as the foundation for everything from automation efficiency, regulatory compliance efficacy and artificial intelligence application utility.
The webinar will look at how data can be best managed to ensure it is fit-for purpose, how companies can gain stakeholder buy-in and how chief data officers should move away from regarding data as merely another function of the IT department.
Four Themes
Andrea Phelan at BNY, will discuss four themes that she sees as critical to achieving a sound data foundation for enterprise-wide value-generation.
“Implementing strong, centrally controlled data governance with federated execution is critical to enabling strong outcomes for data consumers,” Phelan told Data Management Insight. “Tools need to be automated and self-correcting, with a focus on cataloguing, quality monitoring and lineage.”
She added that “establishing reliable data masters and mandating adoption drives enterprise-wide trust through use; distrust grows in optionality”.
She continued: “Modern data infrastructure, including data mesh principles and policy-driven entitlements, enables seamless data flow across platforms and teams while maintaining security and scalability.
“The interlock between AI and data creates a virtuous cycle where AI enhances data quality and improved data empowers more effective AI-driven business outcomes.”
- A-Team Live’s The Data-First Enterprise: Fuelling Modernisation in Capital Markets will be held on October 7 at 10:00am ET; 3:00pm London; and, 4:00pm CET. Register your attendance here.
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