Data management has gained a strong foothold in the financial industry, thanks in large to stringent regulatory requirements, such as the Basel Committee on Banking Supervision 239 (BCBS 239). However the need to meet regulatory demands has introduced another challenge – that of sustainably operationalizing data programs.
For an industry struggling with lower margins and increasing competition, a successful data management program can help pave the way to growth by allowing organizations to extract maximum value from their data.
Despite the executive commitment, few organisations have operational data management programs in place.
This white paper presents a set of considerations based on findings from a recent survey conducted by the Enterprise Data Management (EDM) Council, in order to help organizations achieve operational success.