White Papers
SimCorp Examines Importance Of Data Governance For Buy-Side Firms - White Paper

SimCorp, the software firm, has issued a paper via integrated
investment management consultancy Investit that examines data
governance issues.
Entitled, Data governance:
key contributor to successful data management strategy, the
paper notes
that by permeating data governance throughout an organisation,
buy-side firms
can ensure good quality data at every level and increase
profitability.
“Investment management firms are starting to grasp the
importance of defining and establishing a governance framework to
ensure
delivery of a cost-effective, flexible, scalable and sustainable
data
management solution,” said John Robertshaw, author of the paper
and principal
within Investit’s operations practice.
“Data governance can be a major contributor to aligning and
improving an enterprise-wide dialogue in data,” he said.
Arguing that many firms invest substantially in IT
infrastructure systems, the paper explains that few firms adopt
the holistic
view required to extract value from the data these technology
investments are
meant to harness, manage and govern.
Marc Schröter, head of strategic research at
SimCorp, said: “Ultimately, a well-formulated data governance
programme drives
transparency for buy-side firms and can be a significant
differentiator.”