The EDM Council is targeting September or October for its “coming out party”, at which it will present to its membership a business plan for implemention based on the findings of the working groups it established earlier in the year. The working groups were created to progress the enterprise data management priorities identified via the primary research carried out by the council. Says Mike Atkin, managing director of the council: “Our goal is to emerge from the summer with a revised agenda, and turn the working activities into a plan of action worthy of senior management attention. The outcome will define what the council will be working on for the foreseeable future.”
Of primary importance is the activity of the business metrics working group, Atkin believes: as financial institutions push forward with their EDM strategies, they want to measure their success against the data quality and performance objectives they have set. The implementation best practices working group is focusing on practical challenges facing the industry. The efforts of the supply chain working group focus on issues relating to vendor data manufacturing, processes and standards. The regulation and electronic reporting working group has created a standard template to examine the implications of around a dozen regulations from a data management standpoint.
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