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A Data Lineage-Driven 360-Degree View of Data in Financial Services (Part 3 of 4)

FR 2052a

In my last blog post, I shared what an automated data lineage solution can look like when it’s implemented. Today, I’ll discuss what a 360-degree view of data means when it’s centered around data lineage principles.

In order to maximize the benefits of creating a cohesive, integrated set of governance tools, a firm should consider deploying an internal, user-facing query facility to expose the metadata resources under management. This so-called “democratization of data” allows users to find the data assets required for their task at hand, with full knowledge of its source, quality, constraints, and ownership, while not revealing any specific data content. The integrated business glossary enables the repository to be searched by definitions and business terms familiar to the user without knowing technical field or table names. Driven by lineage, the user can navigate the data required to determine the optimal point in the lifecycle to obtain their information, with all necessary standardizations and transformations intact.

This metadata query facility should also facilitate the entitlement process by integrating with the firm’s workflow management tool to ensure full compliance with established data access policies. If tied to a data repository (mart, warehouse, lake), the facility might also provide direct access to the information desired, with filtering and masking of sensitive information, as dictated by the access rights granted.

In my next post, I will share how Perficient can help enhance your data programs with our data lineage offerings.

In the meantime, if you are interested in learning more about this topic, consider downloading our Supercharging Data Governance in Financial Services With Data Lineage guide.

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David Willner

David Willner is a business-focused information technology executive in Perficient’s financial services practice. His specialty is in transformation and data strategy programs. Before Perficient, he served as a managing director at J.P. Morgan Chase, senior managing director and chief development officer at Bear Stearns, and chief information officer, corporate comptrollers, at AIG. When he is not improving our client’s operations, systems, and data, he can be found playing guitar in his blues/rock band.

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