The business capabilities presented in our new guide demonstrates how forward-thinking financial services companies are leveraging data governance to create value for the enterprise. Accurate and timely information continues to be a key driver of enabling better decision making.
Digital transformation challenges in banking have been well understood and the strategies to address them simple and clear. However, it is becoming increasingly apparent that the industry is reaching a tipping point in the digital transformation journey.
Capabilities such as data principles and strategy, data architecture, organizational roles, authoritative sources, data lineage, data quality, and data contracts can be used individually or in concert to create new value for financial management, regulators, or risk management. Leading firms are leveraging these capabilities to maintain excellence in a highly competitive marketplace.
Through technological advances and well-defined business capabilities, new paradigms have been created for leveraging data governance to accelerate value for financial services organizations.