We need an EDM platform that creates a single point of truth and gives our Operations team both control and visibility over the data process
Enterprise Data Management – on the face of it a simple IT integration process. Data needs to be gathered, validated, processed and distributed to consuming applications and data stores. But for financial services firms, this isn’t just an IT and data integration challenge – it is a mission critical business process. At any point on that data journey through the architecture the business users must be able to understand, control and have visibility over any aspect of the data process – and the tools to maintain, update and audit any changes to that process.
For many firms a key part of the EDM process is generating master data sets – a single point of truth or gold copy. Matching and constructing data sets to establish that ‘single truth’ must be open to the most detailed scrutiny. Operations and Business users must know what data is used, why is it used and is it of sufficient quality to meet the needs of the business. In addition, they must be able to control the process and be able to interact with it before any errors or omissions in the data sets have the chance to become a risk to the business.
CuriumEDM exposes every part of the data mastering process to the Business teams and includes the tools for users to interact and change that process when the need arises. CuriumEDM gives business visibility and understanding over every aspect of the data management life cycle and incorporates some of the most advanced analysis tools available over the data mastering process.
Sophisticated enquiries over the master data provide:
- Attribute value provenance – where did this value come from?
- Drill through to the underlying logic for every attribute – why was it chosen?
- Side by side display of master attribute values against all source values – how does it compare?
- Analysis of source contributions for each attribute – how is this attribute usually sourced?
And if the mastering logic needs to be changed or enhanced, CuriumEDM provides an instant assessment of alternative methodologies. CuriumEDM gives Data Analysts the tools to build multiple mastering logic scenarios and run them in parallel to assess the impact at both a macro and micro level.
CuriumEDM gives business visibility and understanding over every aspect of the data management life cycle
With so many data sources available and the high cost of sourcing that data, it is essential to understand the impact of adding, dropping or swapping data sources. Not just an IT process but an essential part of operational efficiency and controlling risk.
Curium – Innovative data solutions for real business needs