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.”