Join Master Data Management, partner of Collibra, for two webinars discussing data governance and data governance in the age of increased privacy and security risks.

Join Master Data Management (MDM) partner, Collibra for this webinar hosted by HIMSS, as they share stories of healthcare organisations like that drive data and report reusability and make their self-service analytics dreams a reality.

The digital shift is fundamentally altering the way we do business, in effect taking away the power of big business – and handing more of this power over to the consumer who is now more able to call the shots on what they want and how they want it served.

Ask any banker about challenges with managing data and complexity will be one of the top answers.

In a few short years, the data lake has shifted from experiment to a critical component of the enterprise data architecture.

Master Data Management (MDM) today announced its partnership with global Big Iron to Big Data giant, Syncsort, who recently acquired MDM’s longstanding software partner, Trillium Software.

by Gary Allemann, Managing Director at Master Data Management

After the African bank failure a few years back I suggested that sound data management capabilities were a function of good corporate governance (as in fact outlined by then King III and King IV) but also of compliance (in banking) with BCBS 239, SOX and similar international regulatory frameworks.

The gist of my argument: South African banks – irrespective of the facts – must take measures to ensure allegations of poor governance can be quickly refuted, and that the measures taken to ensure that the financials and risk position are accurate form part of the board reports.

In recent weeks, we were wracked by the Steinhoff scandal – arguably a failure of governance around accounting data as discussed here

Ironically, this post also fits into my them of #fakenews and how to combat it, as discussed here.

Last week we saw Viceroy target Capitec Bank – leading to a 20% drop in the share price.

We have yet to see where this will lead as the bank and various interested parties have called the reports inaccurate. This is precisely the kind of scenario predicted above – and there is no doubt that the board’s ability (or inability) to prove that their figures and risk position are trustworthy is key to their defence.

Sound data governance is sound governance!

Data governance is unfortunately not well understood by many – who often see it is some variation on IT Audit or IT governance

At its core, data governance defines accountability for how data is used within an organisation. Data governance would define how a bank, for example, measures its risk position and ensure that the agreed processes and rules were rigorously applied.  This proof is what inspires trust.

Trust is what the board of Capitec, and similarly targeted businesses, will need to have on their side in the coming weeks.

Master Data Management’s partner, Collibra together with Database Trends & Application will be hosting a webinar on ‘Data offense or Data Defence – why not both?’

Enterprise and Corporate Performance Management (EPM/CPM) is now viewed as the seamless integration of managerial methods.

Social media platforms, such as Facebook and Twitter, have become more than just arenas for people to share thoughts and communicate.