One decade after the 2007 economic crisis, financial services firms are still grappling with the regulatory aftermath. Data governance is a critical practice for all corporations to ensure compliance with complex regulatory reforms. Regulators worldwide have imposed new rules and strengthened old ones. Enterprises that want read more...
In today’s business climate, a complete 360-degree view of a firm’s data is a necessity to compete at the highest level. Total awareness and control of information enables business leaders to maximize revenue opportunities (think better customer profiling, cross-selling), lower costs (think customer service read more...
Modern data analytics is rapidly transforming business in all industries. Early movers are rapidly disrupting business models and transforming customer expectations while others are scrambling to catch up and avoid becoming a dinosaur. For example: A large pharmaceutical company struggling with rapidly rising clinical trial costs read more...
Software Modernization The need for businesses to drive competitive advantage and innovation through rapid, technology-driven transformation and software modernization has never been greater. This imperative has moved the CTO role and enterprise IT from a supporting department to a critical C-level function. Daniel Burrus, a leading read more...
This is the third and final blogpost in our series of GDPR related posts. In the first post we discussed the extra-territorial reach of the regulation and why U.S. companies need to understand GDPR. The second post focused on specific new requirements related to the read more...
This is the second blogpost in our series of GDPR related posts. In the first post we discussed the extra-territorial reach of the regulation and why U.S. companies need to understand GDPR. The final blogpost will discuss GDPR’s approach to accountability and data security. Summary Information Any read more...
The EU’s General Data Protection Regulation (GDPR) was published in the Official Journal of the European Union on May 4, 2016. It is the biggest overhaul of European data privacy laws in 20 years. This is not just a European event, and U.S. companies that read more...
According to the RAND Corporation, nearly 40 percent of US households experienced financial distress during the 2008 financial meltdown. Eight years on, the financial sector is now under more scrutiny than ever. The financial crisis of 2008 increased the importance of having intelligent regulatory frameworks.
Government regulators have reacted through increased regulations, introducing numerous bills including Dodd-Frank, CCAR and BCBS 239 that require banks to greatly increase their transparency, among many other requirements. The recent case of Wells Fargo opening up roughly 1.5 million savings/checking accounts and 565,000 credit card accounts without their customers’ permission only adds to the distrust of the regulators.
read more...Recently Gartner published a report on how chief data officers can use an information catalog to maximize business value from information assets. The report introduces classic attempts at cataloguing data as “technically focused” and “poorly aligned with business outcomes”; to this end, Gartner suggests that read more...
Regulation (noun) /reg-yuh-ley-shuh n/: The act of regulating or the state of being regulated. A principle, rule, or law designed to control or govern conduct. A governmental order having the force of law. Although the financial industry has been subject to some form of regulation ever since its read more...
