Thu Jan 13 UTC (7 days ago)
In your timezone (EST): Wed Jan 12 7:00pm - Wed Jan 12 7:00pm
In today's business world, data is an integral part of business success. This applies to all industries, especially the financial sector, where there are multiple and (sometimes) complex business processes and systems / applications. The daily processes and transactions promote the unlimited growing amount of data in various forms and structures.
However, one of the biggest problems with digital transformation is the lack of general data governance in the processing and use of the data. Unresolved issues such as data protection, security, responsibilities and “data silos” severely limit the internal and external exchange of data, the monetization of data and the more comprehensive analysis of data.
From this perspective, the following challenges must be addressed in order to become a "data driven company":
• How can we use our data efficiently to gain valuable insights into our markets, customers and products?
• How can we ensure that the accuracy / quality, integrity and completeness of the data enables and supports an effective business decision?
• Do we comply with all of the company's data regulations and compliance requirements when using data?
In order to meet these challenges, Vontobel decided to rebuild a data governance framework as an important area that will support our path to becoming a “data driven company”. The presentation gives an overview of the procedure and the components of our data governance setup.
Managing Director, BANKINGCLUB GmbH
Head of Data Governance Office, Bank Vontobel AG
Head of Line of Business Data & Analytics, Adesso