Tuesday, May 29, 2012

Idea Generation

Why Data Governance?
  • Inseparable from data initiatives
  • Required for long-term usefulness of data within governance domain
  • Indicator of health of organization (operating risk)?
  • Demonstrates organization's perception of data as an asset
  • Minimizes downstream issues related to data quality
  • Mechanism for correcting data issues
Which Perspective?
  • Practitioner's perspective
    • Implementation viewpoint
    • Policy Maker's viewpoint
  • Focus on Financial Services
    • Capital Markets
      • iBanks
      • Asset Managers
  • Balanced blend of scenarios & lessons learned vs. theory
What are the gaps?
  • Current 'industry'...
    • emphasis on theory in available literature
    • bias towards organizational governance with minimal focus on metrics, implementation and operations/maintenance
    • lack of clarity on value of data governance programs from the following perspectives
      • success of a Reference Data/Master Data Management  (MDM) program
      • minimization of operational risk
      • compliance with existing regulations
      • operational efficiency
      • organizational agility

What are the Objectives?
  • Education (self & audience)
    • Research & synthesis of available content (print, web, industry publications...etc.)
    • Creation of educational and commercial material
  • Capture industry/practitioner's perspective
  • Integrate practice with theory

Data Governance Idea Generation:
  • Governance dimensions
  • Measurement
  • Sponsorship
  • Alignment to strategy
  • Impact on data quality
  • Governance organization - theory vs. practice
  • Governance operations

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