The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

How to Transform Data Governance by Redefining and Reskilling the Organisation

By Dennis Slattery, CEO, EDMworks

Change is constant and unrelenting, and the causes are many and varied: challenger banks, fintech, regtech, cost pressure, cryptocurrencies, regulation and emerging technologies are just a few examples, with many more on the horizon.

Organisations have to deal with change, so how can they do this and what is the best approach?

All financial services companies have data at their heart. The approach to dealing with change has to ensure that curation and use of data is improved and the value of data to the organisation and its customers is increased over time.

Tactical approaches generally fail to increase the value of data to the wider enterprise. In fact, tactical approaches often diminish value by creating duplication, which in turn creates doubt and lack of trust in data. Trust is the foundation of any financial firm, so loss of trust is a serious matter.

Data is of systemic value to an organisation, requiring an approach to managing data in response to a series of internal and external changes to also be systemic. In EDMworks’ latest white paper, ‘Transform your Data Governance by Redefining and Reskilling the Organisation’, we explore the challenges facing organisations, share new insights into data, and describe how organisations need to adapt systemically, at all levels. In this way, managing data becomes part of the DNA of the company and an intrinsic part of its culture and processes.

Related content

WEBINAR

Upcoming Webinar: Unifying client data to accelerate insights and deliver better experiences

Date: 30 June 2021 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Data insight is critical to all aspects of the buy-side investment process from portfolio decisions that drive core revenue and incremental revenue opportunities, to delivering unique and timely investment research, and rapidly innovating and offering new products to clients....

BLOG

FactSet Addition of Data-Mapping to Snowflake Links Third-Party, Factset and Proprietary Data in Seconds

FactSet is meeting increasing market demand for rapid content integration, access and control by integrating its data-mapping solution, FactSet Concordance Service, into Snowflake’s cloud data platform. The integration allows investment professionals to quickly link third-party, FactSet, and proprietary content together in the Snowflake platform. The data-mapping solution is scalable and can be used by joint...

EVENT

TradingTech Summit Virtual

TradingTech Summit (TTS) Virtual will look at how trading technology operations can capitalise on recent disruption and leverage technology to find efficiencies in the new normal environment. The crisis has highlighted that the future is digital and cloud based, and the ability to innovate faster and at scale has become critical. As we move into recovery and ‘business as usual’, what changes and technology innovations should the industry adopt to simplify operations and to support speed, agility and flexibility in trading operations.

GUIDE

Entity Data Management Handbook

Following on from the success of our Regulatory Data Handbook, A-Team Group is pleased to introduce its new Entity Data Management Handbook which is available for free download. This Handbook is the ultimate guide to all things entity data: Why Entity Data is important A full review of Legal Entity Identifiers (LEIs) Where they came...