agile data governance
TRANSCRIPT
Agile Data Governance
Tami Flowers
MetaGovernance
KCDC June 25, 2015
• Information as a corporate asset
• Regulations requiring content integrity
• Competitive pressures for efficiency
• Governance has moved to the Boardroom
Corporate Trends
Corporate Information Issues
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Corporate Data and Information Issues
Corporate System
SALES=$4.6M
Operational SystemSALES=$4.5M
Sales System
SALES=$4.7MOverlapping
Transaction Systems
Internal Reports and
External Disclosures that don’t
agree
Spreadsheets and Access Data Bases
Inconsistent Data
Repositories
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Many Versions: Which is Correct?
Sales Report
Regulatory
Reports
SEC Reports
Operational Reports
Spreadsheet
$4.5M $4.4M $4.6M $4.7M
Corporate System
SALES=$4.6M
Operational SystemSALES=$4.5M
Sales System
SALES=$4.7M
General Ledger
SALES=$4.6M
Data Warehous
eSALES=$4.5M
SALES=$4.4M
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What is needed is a clear understanding of the sources and uses of
information across the enterprise…
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Key Information Governance Terms
Information Owner
Information Steward
Information
Custodian
Information
Consumer
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• Where to get specific data.• Data ownership and responsibility is known.• There is only one source for each type of data
(consistency).• Data is accurate.• Data is timely.• Data is easily accessible (with appropriate security).• Data is defined (data dictionary).• Data issues are actively communicated.• Manual data collection / verification processes are
significantly reduced or eliminated.
What does a successful governance program look like?
Employees understand:
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• Identify information stakeholders.• Develop a common vocabulary.• Generate awareness of the source of use of information
throughout the organization.• Identify needed controls.
Keys to a Successful Governance Program
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Data Subject Area ID
Major Subject Group 1st Sub Grouping 2nd Sub Grouping
Acco
un
tin
g
Op
era
tio
ns
Co
llate
ral
Cre
dit
Ris
k
Fin
an
ce
Fin
an
cia
l R
ep
ort
ing
Inte
rnal A
ud
it
Mark
et
Ris
k
Mem
ber
Serv
ices
Sale
s
Co
mp
lian
ce
Info
rmati
on
Tech
no
log
y
1 Trade Loan Adjustable-Rate Loan
2 Trade Loan Fixed-Rate Loan
3 Trade Loan Structured Loan
4 Trade Loan Amortizing Loan
5 Trade Loan Letters of Credit
6 Trade Loan Prepayment Fee
11 Financial Accounting Accrued Interest
12 Financial Accounting Outstanding Principle
LEGEND
CUSTODIAN
CONSUMER
STEWARD
DELEGATE
The Information Governance Awareness
Map
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How can this be accomplished using
Agile / Lean?
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What is Agile?
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While processes and tools are necessary, the attention needs to be on the people and their interactions.
Individuals and Interactions over processes and tools
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Make decisions
Communicate
Solve problems
Governance decisions need to be made, implemented in a timely, quality manner so they provide immediately value to the project, business unit or organization.
Working Governanceover comprehensive
documentation
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The right governance decision makers need to be involved and working together.
Customer Collaboration over contract negotiation
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Good Decisions
Shared Subject Areas
Business Unit
Objectives
Company
Strategy
Governance decisions often arise out of unplanned, unforeseen issues found during one or many projects. These must be communicated and dealt with by the governance body as needed, in a timely manner.
Responding to Change over following a plan
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While we do need processes, tools, documentation and plans, the important factors are:
Interactions of engaged people
Making thoughtful decisions for the organization
To enable the delivery of quality, reconciled, controlled reports or data used for business decisions and financial reporting.
The Agile Manifesto
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A Model for Lean Data Governance
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Eliminate Waste
Empower the Team
Deliver Fast
Optimize the
Whole
Build Quality
In
Defer Decisions
Amplify Learning
Eliminate Waste
Empower the Team
Deliver Fast
Optimize the
Whole
Build Quality
In
Defer Decision
s
Amplify Learning
The data governance team must be a group of motivated individuals who are able to closely collaborate.
A Model for Lean Data Governance
MetaGovernance. All Rights Reserved. 2015
Eliminate Waste
Empower the Team
Deliver Fast
Optimize the
Whole
Build Quality
In
Defer Decision
s
Amplify Learning
Focus on priorities impacting the business and projects NOW.
A Model for Lean Data Governance
MetaGovernance. All Rights Reserved. 2015
Eliminate Waste
Empower the Team
Deliver Fast
Optimize the
Whole
Build Quality
In
Defer Decision
s
Amplify Learning
Data governance is more than just pieces and parts, it must align to the entire organization.
A Model for Lean Data Governance
MetaGovernance. All Rights Reserved. 2015
Eliminate Waste
Empower the Team
Deliver Fast
Optimize the
Whole
Build Quality
In
Defer Decision
s
Amplify Learning
To help facilitate a trusted governance and reporting framework, quality is imperative. It must be the top priority of any decision.
A Model for Lean Data Governance
MetaGovernance. All Rights Reserved. 2015
Eliminate Waste
Empower the Team
Deliver Fast
Optimize the
Whole
Build Quality
In
Defer Decision
s
Amplify Learning
To allow for changes in priorities, balance early planning with committing to decisions or work at the last possible moment.
A Model for Lean Data Governance
MetaGovernance. All Rights Reserved. 2015
Eliminate Waste
Empower the Team
Deliver Fast
Optimize the
Whole
Build Quality
In
Defer Decision
s
Amplify Learning
Communicate early and frequently, get feedback as soon as possible, and build upon what is learned.
A Model for Lean Data Governance
MetaGovernance. All Rights Reserved. 2015
Eliminate Waste
Empower the Team
Deliver Fast
Optimize the
Whole
Build Quality
In
Defer Decision
s
Amplify Learning
Waste or “muda” can be delays, handoffs, unnecessary process.
A Model for Lean Data Governance
MetaGovernance. All Rights Reserved. 2015
Providing Organization Value through Agile Data Governance
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• Deliver Highest Value Items First
• Incremental Delivery
• Continual Learning
• Retrospect
• Improve the Process
• Business Decisions Based on Good Data
• Financial Statement Accuracy
• Clean Audit Reports
• Improved Regulatory Rating
• Reduced Reputation Risk
Trusted Reporting
The Outcome of Agile Data
Governance
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27
For additional information contact:
Email: [email protected]: @tamilflowersLinkedIn: Tami Flowers
Slideshare: www.slideshare.net\tamiflowerswww.metagovernance.com
Questions?