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: Unlocking Transparency in Private Markets: Data-Driven Strategies in Asset Management

As asset managers continue to increase their allocations in private assets, the demand for greater transparency, risk oversight, and operational efficiency is growing rapidly. Managing private markets data presents its own set of unique challenges due to a lack of transparency, disparate sources and lack of standardization. Without reliable access, your firm may face inefficiencies,...

BLOG

New Bloomberg US BDC Index Offers Insight into Private Credit

Bloomberg has launched a new index that brightens the light that is bringing transparency to often opaque private markets, this time with a focus on one of the sector’s more specialised corners. The New York-based data behemoth’s US BDC Aggregate Eligible Index (Ticker: BDCUSAGG) gives investors a unique view into how bonds issued by the...

EVENT

TEST Event page 1

Now in its 15th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

Corporate Actions Europe 2010

The European corporate actions market could be the stage of some pretty heavy duty discussions regarding standards going forward, particularly with regards to the adoption of both XBRL tagging and ISO 20022 messaging. The region’s issuer community, for one, is not going to be easy to convince of the benefits of XBRL tags, given the...