New York, February 14, 2024 — The EDM Council has introduced the Data Excellence Program in response to the growing need for standardized measurement and recognition of data management excellence at the organizational level. EDM Council is the global trade association providing best practices, standards and education to advance data management and advanced analytics. This innovative initiative aims to acknowledge organizations that are dedicated to continuous improvement and excellence in data management, based on globally recognized best practices.
Despite the critical importance of data as a strategic asset for organizations, many are challenged to manage data effectively, efficiently and consistently. The Data Excellence Program supports organizations in developing a culture that demonstrates their commitment to data management as a strategic ongoing program, utilizing a best practice framework for measuring capability. Achieving various criteria earns industry recognition.
“The EDM Council is thrilled to launch the Data Excellence Program with our members, fostering a community of organizations dedicated to unlocking the full value of their data assets,” said John Bottega, President, EDM Council. “As organizations embark on this journey, they not only elevate their data management capabilities but also position themselves as leaders in data excellence.”
Key elements of the Data Excellence Program include:
- Data Management Team Training and Certification based on the Data Management Capability Assessment Model (DCAM) framework
- Independent Assessments and Capability Improvement Plans conducted with EDM Council Certified Partners
- Recognition for Achievement
- Global Data Management Benchmark Repository
Founding members of the Data Excellence Program include both participating companies and Certified Partners, who are authorized by the EDM Council to support members in achieving the program criteria:
- Participating Members: AustralianSuper, BT, DTCC, Fifth Third Bank, Freddie Mac, KPMG, LSEG, Northern Trust, Northwest Bank, Raymond James, Standard Bank, State of Arizona, Sumitomo Mitsui Banking Corporation (SMBC), T. Rowe Price
- Certified Partners: Acquis Cortico-X, DataWise, Element22, Ortecha, Projective Group, PwC
“We are honored to be one of the founders of the Data Excellence Program, the first-of-its-kind, global initiative acknowledging those organizations who are making an ongoing commitment to achieving best practices across their data functions,” said Ben Clinch, Head of Information Architecture, BT Group. “We are already seeing results, such as a team culture dedicated to delivering the highest quality and greatest value for our data assets.”
“One of Freddie Mac’s ongoing priorities is to be at the forefront of data excellence in our business practices,” said Aravind Jagannathan, Vice President and Single-Family Chief Data Officer for Freddie Mac. “As a founding member of the EDM Council’s Data Excellence Program, we look forward to meaningfully contributing to this area globally, and continuing to cultivate world-class data excellence in our Freddie Mac teams and throughout the industry.”
For more information about the Data Excellence Program, please visit the EDM Council website.