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

Inaugural AI in Data Management Summit NYC Sets New Benchmark in AI Discussion

A-Team Group’s inaugural AI in Data Management Summit NYC set a new benchmark in the global discussion around artificial intelligence. Leading figures from the worlds of finance and technology gathered in New York to share best practice guidance and observation, real-world case studies and forecasts for the exciting – and challenging – year ahead. The...

EVENT

RegTech Summit London

Now in its 9th year, the RegTech Summit in London will bring together the RegTech ecosystem to explore how the European capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Regulatory Data Handbook 2014

Welcome to the inaugural edition of the A-Team Regulatory Data Handbook. We trust you’ll find this guide a useful addition to the resources at your disposal as you navigate the maze of emerging regulations that are making ever more strenuous reporting demands on financial institutions everywhere. In putting the Handbook together, our rationale has been...