This session will include a moderated Q&A featuring questions from the live audience.
Everyone agrees that corporate data is important—that it’s a business asset. In the last few years, most companies have taken on numerous data initiatives: big data, self-service analytics, single version of the truth, and even cloud migration. Unfortunately, we still seem to have the same challenges in the world of data—there’s too much, it’s cumbersome, and we can’t find it all. To be fair, the data and technology world has changed, and the demands have grown. Data environments are more expansive; the users are more sophisticated, and the rules are more complex.
These pressures are causing paradigm changes in the way data governance is approached in every industry, and specifically in financial services. The goals and objectives of data governance programs aren’t evolving—they’re going through a metamorphosis. The challenges haven’t grown incrementally—they’ve exploded in size and complexity.
Data governance is no longer a single team limited to formalizing rules and definitions; data governance has become a program to identify, support, and enable new business data needs and institutionalize participation across teams. The concept of “users” has evolved well beyond badged employees, “data sources” is no longer just internal application systems, and “data security” is no longer just about privacy and protection. Data governance responsibilities have expanded beyond the world of data administration, policy, and rules and evolved to include data asset management, data support, data development, and data stewardship.
So, what are companies doing to address this metamorphosis of data needs? Evan Levy will discuss the creative approaches that organizations have taken to address these diverse challenges, and he will highlight the trends for data and data governance in the world of financial services.
You Will Learn
- Major data and data governance trends in the world of financial services
- The approaches that companies are taking to modernize their environments to support new and evolving user needs
- Tactics that companies have taken to address the data trends of their users