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Gibbs Consulting becomes the newest member to join EDM Council

Gibbs Consulting provides technology consulting solutions from strategy, design, and development to implementation, risk management and managed services to help clients make the most if their technology and enable growth.

Learn more here.

Welcome LTIMindtree as EDM Council’s newest member

Data Century is a data-focused consulting firm that operates from Toronto and serves organizations across North America and Europe. It provides services to empower clients to lead in their field by harnessing the full potential of their data.

To learn more: click here

Isle of Man and EDM Association Join Forces to Build a New Data Economy

The Isle of Man is taking a bold step onto the global stage with a unique approach to trusted data use and innovation, through a new partnership between Digital Isle of Man and international experts, EDM Association (formerly EDM Council).

The EDM Association is a global non-profit association for data management, representing more than 350 organisations across six continents. Its best-practice frameworks and standards are trusted by leading financial, commercial and public sector bodies worldwide.

Through this partnership, the Isle of Man gains access to international expertise, networks and tools that support its ambition to lead in trusted data use.

This will place the Isle of Man at the forefront of a global need – treating data as a valuable, governed asset that can be shared securely and used to drive value for data-rich organisations.

The initiative is a key growth area of the Isle of Man’s digital economy and supports long-term aims in the Isle of Man’s Economic Strategy to build a more resilient, digitally enabled and globally respected economy.

Lyle Wraxall, Chief Executive of Digital Isle of Man, said:

“This partnership puts the Isle of Man ahead of the curve. We’re not just keeping up with change – we’re setting the direction. By creating a trusted way for organisations to govern and use data, we’re opening up new opportunities for investment, innovation and skilled jobs, all while building a digital economy the Island can be proud of.”

“This isn’t just about managing data better, it’s about putting the Isle of Man on the map as the home of a new kind of data economy,” added Wraxall. “It’s about releasing value from data in a transparent, fair and responsible way and leading from the front.”

John Bottega, President of EDM Association, said:

“Managing data as an asset and defining its financial value are key to driving better business outcomes in our data-driven world. EDM Association’s collaboration with the Isle of Man will help pioneer a trusted, transparent data economy. This partnership sets a new precedent in how data can be responsibly governed and commercially leveraged.”

The DAF is a new type of legal structure under Manx law, designed to build trust, securely share and drive financial value from data. This is only achievable by creating a licensed data asset foundation on the Isle of Man. It provides a clear set of rules and roles, ensuring data is used responsibly, compliantly and for the purposes agreed by its contributors, whilst allowing data to be monetised.

As the initiative enters its next phase, Digital Isle of Man will finalise the legal framework ahead of progressing to the Island’s parliament, then begin onboarding pilot foundations and collaborating with key sectors including finance, tech and public services. The Department for Enterprise Executive Agency will be working with local industry to finalise the legal framework, build practical tools and deliver the infrastructure needed to bring Data Asset Foundations to life.

This presents a major opportunity for on-Island firms, particularly in legal, fiduciary, tech and compliance, to help shape and lead a world-first model from the ground up.

For more information and to get involved, visit digitalisleofman.com/data-asset-foundations

Additional Information:

Real-world examples of how DAFs could be used include:

  • Sharing anonymised health data for medical research while protecting privacy.
  • Businesses combining data securely to develop better products and services.
  • Pooling environmental data to support green projects and sustainability goals—aligned with the Island’s UNESCO Biosphere status.
  • Ensuring proper consent for large language models for AI.

Manx law referred to is the Isle of Man Foundations Act 2011.

Learn more and get involved!

Please note these upcoming opportunities. To express your interest or to ask any questions, contact the EDM Association’s Member Services team at membersupport@edmcouncil.org

  • Pilot Pioneer Programme: Collaborate with 20 organisations keen to activate, govern and monetise their data assets. Runs September 2025 until Launch.
  • Technology Partner Opportunity: Partner with a technology provider to build tools, shape infrastructure and unlock early access to the Isle of Man data stack. To be initiated August 2025.
  • Community of Practice: CoP jointly led by EDM Council and the Isle of Man. Learn, share and shape the future of responsible data assets. Starts September 2025.
     

 

EDM Council and Object Management Group Combine to Create Global End-to-End Data and Standards Authority

First-of-its-kind non-profit trade association to foster the growth of data, software, systems, knowledge engineering, and standards capability

New York/Boston, July 1, 2025 – EDM Council®, the global association for data management, has signed a definitive agreement to acquire the Object Management Group® (OMG®), the open membership, not-for-profit technology consortium. The combination brings together more than 700 corporate and public-sector member organizations, eight regional hubs, and a combined 50-year portfolio of internationally adopted standards and technology into a single non-profit association. The agreement is expected to close in the fourth quarter of 2025.

With this acquisition, and reflecting the global growth of the organization, EDM Council is now named EDM Association, representing the first-of-its-kind non-profit trade association fostering the growth of data, software, systems, knowledge engineering, and standards capability. It will double its industry reach, representing more than 30,000 professionals worldwide as the leading global community helping organizations build trust and confidence in the data and standards they rely on.

Specifically, it will aggregate a portfolio of globally-adopted data management frameworks, OMG and ISO standards, digital engineering, digital twin, augmented reality innovation, software quality, research, communities of practice, training and more under one roof to deliver seamless support across the data and innovation lifecycle, enabling members to move from raw data to real-world solutions that drive success with a single, authoritative standards partner and community of experts.

“By bringing our two associations together, with OMG’s deep technical heritage and EDM Council’s best practices and governance leadership, we are strengthening the connections between data management, standards and innovation that make data truly portable, interoperable and AI-ready to drive organizations’ success,” said John Bottega, President, EDM Association.

“OMG’s mission has always been to create open, vendor-neutral standards and tech communities that unlock innovation,” said Bill Hoffman, Chairman & CEO, Object Management Group. “Joining forces with EDM Council and forming EDM Association accelerates that mission, expanding our reach and giving our members an immediate on-ramp to enterprise-grade data governance and expanded certification services.”

“Everyone from business leaders, CIOs, CDOs, and regulators are navigating an increasingly complex digital future,” said Peter Serenita, Chairman of the Board of Directors, EDM Association. “Now they finally have a single, integrated organization with a comprehensive end-to-end data capability and roadmap, along with a deep professional network, for gleaning value from their data and technology assets.”

Adding OMG’s standards adoption process ensures that emerging specifications can achieve swift adoption, with potential onward pathways to ISO standardization. The addition of OMG’s communities, such as the Digital Twin Consortium, AREA (Augmented Reality for Enterprise Alliance), and CISQ (Consortium for Information and Software Quality), opens new pathways for innovation across industries such as manufacturing, healthcare, automotive, and defense.

Current members of either organization will benefit from an expanded industry portfolio to foster interdisciplinary collaboration and innovation, access to broader SME expertise and industry insights, strengthened professional development opportunities, and an extended regional presence for global networking.

About the EDM Association

EDM Association (formerly the EDM Council) is the world’s largest industry association dedicated to advancing trusted data, analytics and technology standards. With more than 350 member organizations across financial services, manufacturing, healthcare, telecom, public sector and technology, EDM Association provides globally recognized data management frameworks, standards, technical specifications and professional certification programs that enable organizations to innovate with confidence. Learn more at edmcouncil.org.

About Object Management Group (OMG)

When tech organizations, governments, and academia must solve discrete pieces of a technology puzzle or discuss matters of common interest, they often seek to join or form a consortium. Since 1989, Object Management Group® (OMG®) has created and nurtured a productive community with common technology interests and problems to resolve. OMG communities include Augmented Reality Enterprise Alliance (AREA), Consortium for Information and Software Quality™ (CISQ™), Digital Twin Consortium® (DTC) and OMG Standards Development Organization (SDO®). OMG is global, not-for-profit, and vendor-neutral. Visit www.omg.org for more information.

For a listing of OMG trademarks, visit https://www.omg.org/legal/tm_list.htm. All other trademarks are the property of their respective owners.

Media Contacts:

EDM Council
Steven Wright-Mark
stevenwm@paragonpr.com

OMG
Karen Quatromoni
Director of Public Relations, OMG Inc.
Karen@omg.org

Eyes on Data: Best Practices and Excellence in Data Management Matter More Than Ever

By Jim Halcomb, Chief Research & Development Officer, EDM Council 
Published on TDAN.com

In our increasingly digital economy, data is the oxygen that powers transformation, fuels artificial intelligence, drives regulatory compliance, and sharpens competitive advantage. From cloud migration, machine learning models, and blockchain applications to real-time customer insights and ESG reporting, every strategic initiative hinges on one critical foundation: data.

Yet despite this universal dependence, most organizations still grapple with fundamental data challenges — inconsistent definitions, fragmented governance, escalating regulatory expectations, and massive growth in data’s volume, variety, and velocity. In other words — as every data professional and even every data user understands — data is more critical than ever, and yet harder than ever to manage effectively.

It’s precisely in this high-stakes context that best practices in data management are not just beneficial — they’re essential…

 

Read the full article on TDAN.com

Webber Wentzel is the EDM Council’s newest member

Webber Wentzel is a team of experienced advisors that provide multi-disciplinary legal and tax services to clients operating in and across the African continent. Whether expanding into Africa or growing operations across the continent or globally, Webber Wentzel offers exceptional client service and has an outstanding track record of working on some of the most sustainable and transformative matters in Africa.

For more information, click here.

Announcing DCAM v3: Meet the new standard for your data

The EDM Council is proud to unveil DCAM v3, a landmark evolution of the Data Management Capability Assessment Model and the globally recognized standard for data management best practices. Data powers everything from AI innovation and cloud strategies to regulatory compliance and ESG reporting, so the release of DCAM v3 couldn’t be more timely. Built through extensive collaboration with our global community of data leaders across industries, DCAM v3 reflects today’s most urgent data realities – including rising complexity, expanding regulatory demands and growing pressure to transform data into a competitive, useful and valuable asset. This updated framework offers organizations a streamlined, future-ready model to assess, strengthen, and scale their data capabilities across business units, geographies, and technology stacks.

What’s new in DCAM v3?

  • AI and Cloud-Ready: Enhanced guidance for AI deployment, cloud-native data ecosystems, and modern data pipelines.
  • Deeper Focus on Governance and Security: Stronger alignment with privacy, security, and regulatory requirements.
  • Streamlined Structure: A more intuitive, leaner framework that simplifies adoption while expanding functional depth.
  • New Components and Capabilities: Introduces Business Data Knowledge, and consolidates architectural capabilities into one key component for greater clarity and cohesion.
  • Support for Future Enhancements: Lays the groundwork for upcoming modules on data culture and risk control.

The EDM Council’s DCAM v3 model and its eight key components

“DCAM v3 is more than a framework – it’s a strategic tool for enabling measurable progress and supporting truly data-driven culture,” said Jim Halcomb, Chief Research & Development Officer, EDM Council.

DCAM supports organizations in navigating rapid data growth, unifying governance, improving literacy and building trust in data at every level. Crucially, DCAM powers the EDM Council’s Data Excellence Program, a structured path that helps enterprises achieve, and be formally recognized, for organizational-level data excellence through periodic assessments, tailored training, action plans, and benchmarking against a global peer set.

DCAM Resources and Partners

EDM Council members can access the framework via the EDM Council Knowledge Portal.

Registration is open now to Members for DCAM Training beginning in July as both full courses for v3 and an upgrade version for previously certified members.

The EDM Council’s Authorized Partners – nearly 50 in total – are ready to support members with assessments, advisory and bespoke training.

Not yet an EDM Council member but interested in DCAM and membership for your organization? Visit the EDM Council website or contact the team to learn more. We’re here to help you “join the data-driven”!

EDM Council welcomes Open Geospatial Consortium as its newest member

Open Geospatial Consortium is a 450 organizations strong network of leaders across government, business, research institutions, startups, and the geospatial community united by a shared passion for geospatial innovation. For 30 years, it has been the trusted hub for collaboration, empowering diverse voices to come together and drive solutions to the world’s most pressing challenges — from climate change to urban planning and food security.

For more information: click here

Federated Hermes Inc. joins EDM Council

Federated Hermes Inc. is a leading global asset manager focused on meeting the diverse and evolving needs of today’s investors. Guided by its conviction that responsible investing is the best way to create wealth over the long term, Federated Hermes offers investors around the world specialized investment capabilities across a wide range of asset classes.

For more information, click here.

Adastra becomes the newest member to join EDM Council

Adastra helps global and local organizations solve complex challenges and drive more value from their data by establishing common frameworks, enforcing best practices, speeding up innovation, and streamlining process handovers for round-the-clock global coverage by their delivery hubs. Adastra is hyper-focused on data, analytics and the technology solutions to support them. Their data and AI expertise helps business and IT leaders provide trusted insights to every team member—so they can make better decisions every day.

Learn more here.