edm c overview · 2018-04-17 · carmine gioia, chief data officer ranjana young, svp enterprise...

Copyright © 2017 EDM Council Inc.

EDM COUNCIL OVERVIEW

Q1 2018

Confidential Copyright © 2017 EDM Council Inc.


• Mission: Elevate the practice of data management through best practices, data standards, research and education.

• Membership: 200+ Firms and 7000+ Professionals Globally

• Formation: Formed 2005 - 501(c)(6) non-profit trade association

• Neutrality: The EDM Council is a neutral business forum

• Research & Education: in-person & comprehensive eLearning

Certification Programs for Data Management Professionals

Formed to Elevate the Practice of Data Management

through Best Practices, Data Standards, Research & Education

EDM COUNCIL MEMBERS



Six Areas of Advocacy

Implementing Best Practice The Council helps define the core capabilities needed to implement and sustain practical data management programs. Council members have access to the DCAM (Data Management Capability Model) Best Practice Framework for program development, assessments, training and benchmarking. Members optionally participate in Best Practice work groups such as Global Data Protection Regulation (GDPR), Critical Data Elements (CDE), Data Glossary to help improve their data management programs.

Driving Standards to enable Innovation

The Council advocates global data standards such as LEI, ISO, and OMG. We are the originators and curators for FIBO (Financial Industry Business Ontology) an open source ontology standard. Council members can participate on FIBO content workgroups and utilize FIBO for powering Data Glossaries, Machine Learning, AI and Analytics to drive innovation for their programs.

Analyzing, Benchmarking and comparing the Industry The Council conducts global data management benchmarks and other industry surveys. Members have access to all benchmark and survey data along with access to an extensive library of documents encompassing data governance, data quality, and more.

Supporting data related efficiencies for Regulation and Compliance The Council provides consultation, training and advice to regulators and market authorities on the data management implications of regulation. Our membership includes leading authorities and we advocate the adoption of best practice and standards to deliver efficiencies for all participants.

Training and Certification With our partnership with eLearningCurve we offer 49 online courses, 200+ hours of education material, from fundamentals to advanced topics with 10 Information Management certification tracks (e.g. Business Analytics, Data Governance, Data Quality, Data Steward) to help your train your staff.

Networking the Global Data Management Community Establishment of business relationships and personal networks of professionals who understand the reality of how to implement change in the way financial institutions operate. Members get access to our global web platform that connects all 7000+ professionals to their colleagues and their interests.

REGULATION


EDM COUNCIL BOARD OF DIRECTORS

Mary Riley, Enterprise Data Management

Governance & Control Executive

John Flemming, Global Head of Data Governance

Matthew Widick, Head of Global Data Governance

Preetham Kamesh, Global Head, IDMS

Ari Marcus, Managing Director

Adrian Pearce, Managing Director

John Neasham, Global Head Data Governance

John Yelle, Executive Director

John Eley, Chief Executive Officer

Simon Clarke Managing Director

Keith Bear, Global Financial Markets Director

Peter Serenita, Chief Data Officer

(Chairman EDM Council Board of Directors)

Rakshit Kapoor, Group CDO

Julian Dorado, Head Data Management, CIO

Carmine Gioia, Chief Data Officer

Ranjana Young, SVP Enterprise Data Services &

Governance

Donna Rudnicki, Managing Director,

Head of Data Management

Gavin Kaimowitz, Director Data Management Practice

Scott Preiss, Vice President

Genevy Demitrion, SVP, Chief Data Steward

Steve Goldstein, Head of Product Management,

Enterprise Content & Delivery

Christophe Tummers Head of Data Service Line

David Newman, SVP Innovation Group


WELCOME - NEW EDM COUNCIL MEMBERS

Copyright © 2017 EDM Council Inc. www.EDMCouncil.org

DCAM & BEST PRACTICE


DATA MANAGEMENT CAPABILITY ASSESSMENT MODEL

DCAM is structured to define and measure capability (i.e. the definition of precisely what is required to develop, implement, govern and sustain data management). It has been organized into 8 categories, 36 capability areas, 112 sub-capabilities and 306 objectives:

• Data Management Strategy: defines the framework for the data

management program including the goals, objectives and scope; why it

is important; how it will be organized, funded, governed and practically

implemented

• Business Case & Funding Model: provides the justification for the

data management program including the rationale for the investment;

the costs, benefits, risks and expected outcomes; the mechanism used

to ensure sufficient allocation of resources; and the approach used to measure

costs and contributions from implementation of the data management program

• Data Management Program: identifies the organizational requirements

needed to stand up a sustainable data management program including

the operational framework to ensure sustainability and authority as well as the

mechanisms to establish and confirm stakeholder engagement related to

program implementation

• Data Governance: defines the rules of engagement necessary for program

implementation including the definition of policies, procedures and standards as

the mechanisms for alignment among stakeholders

• Data Architecture: focuses on the core concepts of “data as meaning” and

how data is defined, described and related; the identification of logical domains

of data; identification of the underlying physical repositories; and the

governance procedures necessary to ensure the control and appropriate use of

data

• Technology Architecture: addresses the relationship of data with the

physical IT infrastructure needed for operational deployment including how data

is acquired, stored, distributed and integrated across the organization

• Data Quality: establishes the concept of fit-for-purpose data; defines the

processes associated with establishing data control; and addresses the

implementation of governance mechanisms for management of the data

manufacturing chain of supply

.

• Control Environment: defines the data lifecycle process and how data

content management is integrated into the overall organizational “ecosystem”


DATA MANAGEMENT CAPABILITY ASSESSMENT MODEL

Data Governance

Component (8)

Data governance structure is created.

Content governance is defined

Policy/standards are written and approved Program governance controls are in place

Technology governance is aligned

Cross-organizational enterprise data

governance is aligned

Program governance is operational

Capability (36)

Policy and standards have been reviewed and approved by

relevant program stakeholders

Policy and standards are written and complete

Policy and standards have been reviewed and approved by

senior executive governing bodies

Sub-Capability (112) Policy/standards are developed in collaboration with (business, technology and operations)

Policy and standards are complete and verified

Policy and standards are in alignment with Data Management Strategy

Policy and standards have been shared and reviewed by relevant stakeholders.

Feedback from stakeholders incorporated into the final version of the policy and standards

Policy and standards have been validated and approved

Policy/standards submitted to the organizational governance mechanism for evaluation

Policy and Standards have been approved

Documented policy and standards (cross-border, privacy, data acquisition, entitlement,

access, data retention, quality control process, training, data content, data format)

Distribution lists, e-mail thread (stakeholders and governance committee), stakeholder

approvals, meeting notices and minutes, governance committee approval, internal memos

Sample Artifacts ->

Objectives (306)

Sample Artifacts ->

An Illustration of one DCAM Component


DCAM MAPPING TO BCBS 239 PRINCIPLES

► Governance framework for data management is defined within DCAM

(including alignment with risk and finance governance mechanisms)

► DCAM Strategy and Program process areas

(alignment to risk as well)

► Data policy and standards are a focal point of DCAM

► Funding model for RDA is broader than data

(DCAM ensures the data funding issues are covered)

► Culture and communication is shared with risk function

(most likely driven by the risk organization)

► The Data Aggregation components of RDA are covered in DCAM

(Architecture will be shared with technology)

► Process controls and security controls are elements of ‘partnership’. These will be the responsibility of other groups (operations; business continuity; info-security). These are defined as “ecosystem” in DCAM. The DM Program must be ALIGNED to other key stakeholders

► Data Quality is a key component of DCAM

(profile, assess, remediate, business rules, supply chain management)


DCAM USE CASES

Program Initiation

Assessments and

Benchmarking

Training and Compliance

How DCAM is

being used?


DCAM FOR BENCHMARKING

DCAM Assessments can be compared to the EDMC Global Industry Benchmark for

supporting a compelling case for action and chart progress to Stakeholders

Industry

Benchmark

DCAM

Scores

Company

DCAM

Assessment

Scores


BEST PRACTICES WORK GROUPS

• Best Practices Working Groups are formed based on the priorities

defined by our Membership. Members can optionally participate as

active work contributors or to receive notification of deliverable

updates. Active groups include:

– Criteria for Critical Data Elements (CDE’s)

– General Data Protection Regulation (GDPR) Workgroup is identifying the data implications of the GDPR

– Data Glossary We defined six core data management categories (data architecture, roles & responsibilities,

provisioning, metadata, governance and data quality) and identified over 120 business

concepts to be defined for managing a comprehensive data management program

– Data Management and Information Security Examination of the collaborative relationship between the CDO and the CISO

(inventory, metadata classification, policy, data access, replication, intended use,

archive/retention)

– Additional Workgroups forming….


REGULATORY AND STANDARDS BODIES

EDM COUNCIL AFFILIATIONS

• FRAC - Financial Research Advisory Committee Member

• OFR - Chair of the Data & Technology Subcommittee of the

US Treasury’s Office of Financial Research

• LEI Steering Committee

• CFTC - Member of the Technical Advisory Committee

(TAC) for the Commodity Futures Trading Commission

• Financial Stability Board - Member of the Private

Sector Advisory Group

• ISO TC68/Working Group 5

• OMG - Member of the Board of Advisors for the

Co-Chair of the Object Management Group’s

(OMG) Financial Domain Task Force and Chair of

the OMG Finalization Task Force

• Open Financial Data Forum - Chair

• Data Transparency Coalition

• Ontolog Forum - Board of Trustees


FIBO & DATA STANDARDS


FIBO & DATA STANDARDS

Development of Global Data Standards

• Financial Industry Business Ontology (FIBO)

– Common Financial Language - originator of the standard for describing the structure and contractual obligations of

financial instruments, the structure of legal entities, market data pricing and financial processes

– FIBO Ontology - available as a formal model of terms, definitions and relationships for the full spectrum of financial

industry business concepts (expressed as glossaries, UML and RDF/OWL)

– FIBO Master (unified repository) via https://spec.edmcouncil.org/fibo

– FIBO Operational Applications : Webinar Recording, Slides

– FIBO Vocabulary – EDMC is collaborating with early adopter banks in delivering a comprehensive structured vocabulary

for enterprise data glossary and data harmonization efforts related to BCBS 239

– Workgroups with a structured collaborative development model

– Automated Testing Environment (coupled with JIRA)

• Unique Instrument & Entity Identification

– Legal Entity Identification: active participant in the development and adoption of the Legal Entity Identification (LEI) code

and in the expression of business hierarchies and structural relationships

– Instrument Identification: advocate for unique financial instrument identifiers and product identification codes (i.e.

derivatives, loans, multiple listings, short term instruments)

– Classification: establishment of flexible classification schemes and the issues related to operational implementation

Data as Meaning

The Council focuses on the

“unambiguous shared meaning” of data

content because it represents real

concepts (i.e. products, clients, accounts, legal entities, processes, etc.) and real

obligations (contractual requirements, transaction guarantees, counterparty processes, etc.) that are the critical

factors of input into business and

operational processes. The practice of

data management is built on this

foundation

https://spec.edmcouncil.org/fibo

https://youtu.be/DYNAUBWEvpM

https://www.edmcouncil.org/content/view.cfm/downloads/Operational_Applications_of_FIBO_for_Risk.pdf

Copyright © 2017 EDM Council Inc. Copyright © 2017 eLearningCurve LLC

EDM COUNCIL ELEARNING PARTNERSHIP WITH ELEARNINGCURVE

Confidential Copyright © 2017 EDM Council Inc. Copyright © 2017 eLearningCurve LLC

EDMC PARTNERSHIP WITH ELEARNINGCURVE (“ELC”)

• Strategic partnership to deliver comprehensive eLearning training, education and

certification programs, with corporate & enterprise solutions for EDM Council Members

• EDMC offers ELC eLearning Training & Certification - covering 10 data management

professional certifications at significant savings for EDMC members

• ELC to produce EDMC eLearning courses – to include DCAM, Best Practices, Data

Management Principles, & FIBO courses

– ELC and EDMC partnering on development and production of courses

– Partnership accelerates time to market for EDMC courses and assures high quality

delivery and certification with a trusted experienced eLearning partner

• First DCAM Foundations Certification course available 1H 2018 with additional EDMC

courses planned for 2018

– EDMC Members can early register now online for the DCAM course

http://www.elearningcurve.com/


ELEARNING TRACKS & CERTIFICATION

Information Management Track Curricula

IM Foundations Data Warehousing

Data Quality Master Data Management

Data Governance Data Modeling & Metadata

Data Stewardship Business Analytics

Data Integration Business Intelligence

Certification Programs

Certified Information Management Professional (CIMP)

Certified Data Steward (CDS)

eLearningCurve offers 49 online courses, 200+ hours of education material,

from fundamentals to advanced topics. The courses are split into 10 Information

Management tracks and support 2 robust professional certification programs


ELEARNINGCURVE COURSE CATALOG

Analytics Fundamentals

Assessing Business Intelligence Operations

Best Practices in Data Resource Management

Beyond Business Intelligence

BI Program and Project Management

BI Requirements Gathering and Management

Big Data Fundamentals

Building and Operating a Data Warehouse

Business Analytics Practices and Applications

Conceptual Data Modeling

Crafting the Business Case for Data Quality

Creating and Implementing Data Strategy

Data Governance Fundamentals

Data Governance for Business Leaders

Data Integration Fundamentals & Best Practices

Data Integration Techniques for Designing an ODS

Data Mining in R

Data Parsing, Matching and De-Duplication

Data Profiling

Data Quality Assessment

Data Quality Fundamentals

Data Quality for Data Stewards

Data Stewardship Core

Data Stewardship Fundamentals

Data Virtualization

Data Warehousing Fundamentals

Diagnostic Analytics Using Statistical Process Control

DW and BI Data Modeling

Ensuring Data Quality in Data Integration

Fundamentals of Business Intelligence

Fundamentals of Data Modeling & Metadata

Fundamentals of Predictive Analytics

How to Deploy and Sustain Data Governance

Information Management Fundamentals

Introduction to NoSQL

Logical Data Modeling

Location Intelligence and GIS

MDM Architecture and Implementation

MDM for Data Stewards

MDM Fundamentals and Best Practice

MDM: Selecting a Vendor

Metadata Management for Data Stewards

Organizing for Data Quality

Prescriptive Analytics Using Simulation Models

Root Cause Analysis

The Data Model Scorecard

Understanding and Evaluating the BI Platform

Web Analytics

Courses are 3 to 6 hours long and cover fundamentals to advanced topics

Each course is accompanied by a certification exam


EDMC ELEARNING CORPORATE & ENTERPRISE SOLUTIONS

There is no “one-size-fits-all” solution for enterprise education programs.

Flexible eLearning solutions can help train a team cost-effectively, in the

same office, or at multiple locations around the world:

Corporate & Enterprise

Pricing Models

to work with all training

budgets including volume

discounts, and additional

eLearning Services

Progress Reports

so that you can

monitor student

progress, and

properly motivate

program

participants

License Transfers

allow any unused

course licenses to be

used for another

participant if needed

Flexible Enrollment

so that you can

spread the cost

over time and can

better control

student progress


KEY BENEFITS FOR DATA MANAGEMENT ELEARNING

49+ courses

covering

DS/DQ/DG/BI and

soon DCAM, from

fundamentals to

advanced topics,

from the world-

leading experts,

educators, and

practitioners, with

new courses added

frequently

Students can take

the courses they

need, when they

need them, from

office or home, at

their own pace,

and can listen to

the material as

many times as they

need to ensure

100% information

comprehension

The cost is 2-3

times less than

comparable “live”

education, while

the information

comprehension

rate is 2x greater as

students can review

eLearning material

as many times as

needed

Certification exams

accompany each

course and provide

feedback loop;

Certified

Information

Management

Professional (CIMP)

and Certified Data

Steward (CDS)

certifications are

widely accepted in

the industry

Comprehensive

Curriculum

eLearning

Format

Return on

Investment

Exams and

Certification

EDMC & eLearningCurve’s solutions offer many benefits including:


-- Geeta Jegamathi, CIMP Data Quality, India

ELEARNINGCURVE GLOBAL CUSTOMERS

eLearningCurve has students in almost every country in the world,

including many enterprise customers

• Variety of customers from small project

teams to large enterprises

• Enterprise customers typically Fortune 500

and Global 1000 companies

-- Alfredo Parga O’Sullivan, CIMP Ex Data Quality, Ireland

It is evident that a thorough and

considerable effort has gone into the

preparation of this program.

The ability to take the courses at my

own pace and at a time suitable for

me was of great help.

-- Steve Lutter, CIMP Data Quality, DM and Metadata, IM Foundations,

Business Intelligence, Data Governance, MDM, United States

The courses are well laid out, build

on each other, and are rich in

practical content and advice.


TO LEARN MORE ABOUT DATA MANAGEMENT ELEARNING

• Availability: All eLearningCurve courses are available to EDMC Members

• Corporate or Enterprise eLearning Certification Programs: contact Robert Rummel at

[email protected] for EDM Council Member Rates

• EDM Council Individual Members Savings Codes:

– Utilize these individual EDMC Member Savings codes for online purchases

• “EDMC” (for individual courses)

• “EDMCPACK” (for packages)

• More Information:

– EDMC Web Site: www.edmcouncil.org/elearning

– Click here for Full Online Course Catalog

– Click here for Course Packages

mailto:[email protected]

http://ecm.elearningcurve.com/Curricula_at_a_Glance_s/87.htm

http://www.edmcouncil.org/elearning

http://ecm.elearningcurve.com/Curricula_at_a_Glance_s/87.htm

http://ecm.elearningcurve.com/Online_Education_Programs_s/118.htm


EDM COUNCIL NEW MEMBER

PLATFORM


EDM COUNCIL - NEW MEMBER ENGAGEMENT PLATFORM

• New EDMC Membership Platform

– New Web site & Document Management

– 24/7 Global Collaboration > Workgroups, Forums, Interest groups

– Private “LinkedIn Like” Engagement Network for EDMC Members

– Cloud Based & Fully Mobile Integrated

• Powered by YourMembership (“YM”)

– Selected after an extensive evaluation of 20+ available solutions

– Global provider of cloud based Association Platform Solutions

– Supporting 5000 firms with 20M individual members in 33 countries

• Target Live Date Q1 2018


EDMC GLOBAL MEMBER ENGAGEMENT PROFESSIONAL CONNECTIONS, INTEREST GROUPS, FORUMS & WORKGROUPS

Your Profile and

Connections Management

Interest Groups & Forums

Workgroups

Fully Mobile

Integrated


EDMC Membership is Company-wide with Unlimited Employee Enrollment* • EDMC Membership covers your global enterprise - with full rights and privileges extended to all affiliates and subsidiaries

• You can enroll an unlimited number of employees into EDMC activities including your data management team and other related roles such as analytics, risk, compliance, etc.

EDMC Membership Products and Services Best Practices • DCAM Best Practices Framework – members are entitled to download and use DCAM (Data Management Capability Assessment Model) for their data management program design & initiation, for

assessments of their current state program, to benchmark to their peer group and for general data management training.

• Best Practice Workgroups – members are entitled to join workgroups of fellow industry practitioners collaborating on developing best practices. Active best practices work groups include CDE

(Critical Data Elements), Data Glossary, GDPR (Global Data , Information Security, and others.

• Benchmarking– members receive global data management industry benchmark reports and other research and reports

Standards • FIBO Industry Ontology & Content Teams – members can access Financial Business Industry Ontology (FIBO) and participate on FIBO content teams for specific data domains of interest. FIBO is

open source and can power knowledge graph databases linking data from many sources and supports machine learning and inference analytics.

Research & Innovation • Research & Document Library – members can access our document library encompassing data management best practices and standards for your company’s internal use and redistribution.

• EDM Council Talks & Vendor Spotlight – access a video library of data management thought leadership topics and innovative vendor solutions explained in 12 minutes or less!

EDMC Membership Data Management Training & Certification • Classroom and Onsite Training – at special member rates with courses encompassing Data Management Principles, DCAM Framework, and FIBO

• Comprehensive eLearning – Over 49 courses and 200+ hours of training through our partnership with eLearningCurve encompassing 10 functional data management tracks

including for data stewards, data governance, data quality, master data management, business analytics, and more - all available online at special EDMC member rates.

EDMC Membership Engagement & Networking • Member Briefings, Webinars, Conferences and Networking receptions – meet in person on leading data management topics and network with fellow data management

professionals. EDMC members also receive savings to attend other leading data management conferences throughout the year.

• 24/7 Online Global Membership Platform – connect to over 200+ leading companies and 7000+ data management professionals through our online platform that supports PC’s

and Smartphones. You can setup your personal profile and connect to your peers and join online workgroups and interest groups covering a broad range of data management

topics from data quality, data governance to analytics, machine learning & AI.

.

EDM Council – Member Benefits


EDM COUNCIL MEMBERS

edm c overview · 2018-04-17 · carmine gioia, chief data officer ranjana young, svp enterprise...

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