Technical Briefing Paper: Building An Effective Data Strategy
Financial Services firms often concentrate resource on getting processes as efficient as possible, overlooking the need to manage raw materials. The problem comes from not really understanding what makes up the raw materials in Financial Services.
A car manufacturer produces cars from steel and pre-fabricated parts, but what is our raw material in Financial Services? The answer is of course data.
It shouldn’t be a hard sell to convince budget holders that we need to understand how we source, manage, secure and control our data. These key tasks along with some guiding rules and a common understanding of data in your organisation are the main elements of an effective data strategy, which is one of the most important parts of your overall operating model.
Find out how you can build an effective data strategy.
