Posts Tagged ‘data governance’

The purpose of BCBS 239 (Basel Committee on Banking Supervision’s standard number 239) is to ensure that systemically important banks’ risk data aggregation capabilities and internal risk reporting practices give thorough insight into the risks to which they are exposed. BCBS has a total of 14 principles, summarized in the four sections below: I. Overarching governance […]

“A picture is worth a thousand words” is an adage that rings very true to those of us who are vision-driven learners. Simply hearing and reading about a solution is usually not enough. Many of us “need to see to believe” the benefits being promised by any solution. Oracle and Perficient understand this concept very […]

Security and governance are the cornerstones of foundational cloud implementation. Microsoft provides powerful services to support deploying, integrating, operating, governing and securing cloud environments to meet any organization’s unique requirements. Whether your organization uses Azure Platform as a Service (PaaS) or Azure Infrastructure as a Service (IaaS), Azure Security Center is a centralized and unified […]

Data plays an essential role in today’s digital economy and keeping up with modern data management processes is key to staying competitive. In fact, enterprises with advanced data practices are more productive, innovate faster, are able to enter new markets quickly, and are more likely to be directly monetizing their data compared to their less-mature […]

Data fuels the engine of the digital economy. Connected experiences, in the context of the customer relationship, are driven by a robust data set that confidently presents integrated, diverse data to enable actionable insights that can be automated across the customer’s journey. Internally, data creates the foundation for increased analytic application of fraud detection, at-risk […]

Over the last three blog posts, we discussed the importance of data democratization in financial services. Today, we want to share a few final words. To maximize the value of data resources, they must be discoverable by those who require the information. Once a needed data source is identified, it is best to have an […]

In our last blog post, we shared a proven approach to architecting a metadata search solution. Today, we’ll share a few high-level details about a solution that Perficient built, which can allow all types of financial services companies to jump-start their data democratization programs. Perficient has developed a highly capable abstraction layer called Handshake, which […]

Gartner predicted that by 2021, 75% of organizations will consider the office of the chief data officer (CDO) as critical as human resources, finance or IT. The CDO’s role, for many organizations, is a tough role to fill, and its expectations include the following: Act as a change agent for the organization, empowering them to become […]

In my last blog post, I introduced data democratization. Today, I’ll share an approach to architecting a metadata search solution that enables data democratization. There are a number of ways to craft a comprehensive guided search of a firm’s data catalog and governance metadata repositories, each with its own cost/benefit profiles. For example, creating a […]

The majority of key business decision makers aren’t data gurus. It’s crucial for CEOs, CDOs, and other organizations to be able to understand their data to be able to make important business decisions. In season 2 episode 5 of the Intelligent Data Podcast, host Arvind Murali and his guest George Firican, Data Governance and BI […]

In my 30-plus years of leading and supporting data programs for major financial brands, data democratization has gone from wish lists to a must-have. Over the next few blog posts, I will discuss the concept of data democratization and why it’s critical for financial institutions, from banks to insurance companies, to embrace it. Data is […]

DataOps, an intersection of Lean Manufacturing, Agile, and DevOps, helps improve speed of deployment to operationalize an end to end data and analytics pipeline. Data Engineering and Analytics must keep up with the speed of Software development since everyone is talking about Data being the future of personalization.  In season 2 episode 4 of the Intelligent Data Podcast, host Arvind Murali and his guest Christopher Bergh, CEO of […]