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Synergy Marine Group becomes the newest member to join the EDM Council

Synergy Marine Group provides end-to-end maritime solutions with precisely and expertly tailored services, where great technical expertise and a diverse product portfolio create optimal efficiency, productivity and customer experience.

With over 593 vessels under technical management they handle a wide variety of vessels, including complex LNG vessels, LNG-FSU conversions, LNG-to-power solutions, LPG carriers and chemical tankers, VLCCs, Suezmax, Aframax, LR2, LR1 and MR tankers, Car Carriers, container ships from 2,000 to 20,000 TEU and Cape, Kamsarmax, Panamax, Handymax and Handysize bulk carriers.

For more information: click here

Eyes on Data: Importance of Data Governance When Implementing AI/ML

Artificial Intelligence (AI), Machine Learning (ML) and Large Language Models (LLM) have turned the world on its head. From finance to manufacturing to pharmaceuticals to retail, every industry is jumping on the AI/ML bandwagon. And for good reason. AI/ML has the ability to improve efficiency, drive automation, and shorten delivery cycles. AI/ML applications can absorb and report on massive amounts of data that would take the average analyst days if not weeks or months to sort through and analyze. Overall, AI/ML will help the decision-makers make better decisions in shorter periods of time.

Read the full article on The Data Administration Newsletter

The Office of the Chief Information Officer (SAF/CN) joins EDM Council as its newest member

The Office of the Chief Information Officer (SAF/CN)’s is composed of:

CND (CDAO – Chief Data and AI Office)
CNS (Director of Enterprise IT)
CNZ (CISO – Chief Information Security Officer)

CTO (Chief Technology Officer)
CXO (Chief Experience Officer)
Chief Transformation Officer and Director of Cyberspace Innovation

For more information: click here

EDM Council welcomes BMO

BMO is a leading North American bank driven by a single purpose: to Boldly Grow the Good in business and life. Their Purpose informs their strategy, drives their ambition, and reinforces their commitments to progress: for a thriving economy, a sustainable future and an inclusive society.

For more information: click here

Video | CDMC Framework Allows Businesses to Use Data Risk-Free

A CDO Magazine interview with Mike Meriton & Ricardo Crepaldi

Mike Meriton (Co-founder, EDM Council) speaks with Ricardo Crepaldi (Global Director of Data Foundation, BASF and CDO Magazine Editorial Board Member) in a video interview about the inception of the CDMC framework, its six major components, and fourteen key controls. They also discuss how beneficial the framework can be for tech firms and companies.

The Cloud Data Management Capabilities Framework was developed by EDM Council’s CDMC Working Group, with 300+ professionals participating from 100+ firms, including the world’s major cloud service providers (CSPs) – AWS, Google Cloud, IBM and Microsoft – plus leading financial firms, consultancies, technology firms and numerous corporations.

Click here to watch the full interview

Intense Technologies becomes the newest member to join the EDM Council

Intense Technologies, is a global enterprise software products company that help enterprises across telecom, banking insurance and government sector deliver agility by digitalizing the customer experience lifecycle. With its comprehensive technology capabilities and customer experience management offerings, Intense Technology has received strong ratings across the parameters of technology excellence and customer impact.

For more information: click here

New Data ROI Report: DataCo

The EDM Council announces the publication of DataCo: Independent Data Organizations Maximizing the Value of Data, the third report produced by our .

This downloadable report demonstrates why forming a DataCo – or Data Company, an independent organizational construct – can maximize the value of the data assets of a parent organization. To explore the current landscape of this approach and determine the criteria to define a DataCo, the report analyzes public information from 51 companies that have created distinctly named constructs focused on leveraging a parent company’s data.

The EDM Council Data ROI Working Group has determined that a DataCo has three defining characteristics:

  • It manages all or a portion of its parent organization’s data
  • It is independent from parent organizations
  • It maximizes the value of the data of the parent organizations

Download Data ROI Report on DataCo

TELUS joins EDM Council as its newest member

TELUS is a dynamic, world-leading communications technology company with more than 18 million customer connections. Their social purpose is to leverage their global-leading technology and compassion to drive social change and enable remarkable human outcomes. The TELUS Data & Trust Office fosters sustainable data strategies that build trust in TELUS and our digital world.

For more information: click here

EDM Council welcomes CVS Health Corporation

CVS Health Corporation is a purpose-driven company, making healthier happen together with millions of patients, members and customers. They reach more people and do more to improve the health of their communities thanks to their local presence, digital channels and dedicated colleagues.

For more information: click here

EDM Council’s Inaugural Cloud Data Management Benchmark Report Measures Progress of Cloud Data Risk Controls Adoption Across Industries

New York, June 28, 2023 – EDM Council, the cross-industry trade association for data management, has released its Global Cloud Data Management Benchmark Report. This is the first cross-industry benchmark study specifically measuring the state of data management and data risk controls in support of trusted cloud adoption. The resulting report indicates that the majority of participating organizations are well down the path of cloud implementation, but that development is needed to ensure data is managed and protected appropriately.   

Key findings include:

  • 92% of respondents indicate they are engaged in cloud implementation, but most cloud data management capabilities are in the “developmental” stage
  • 84% of respondents have not implemented “ethical access, use, and outcome” policies and procedures when executing their agenda in the cloud
  • 98% of respondents agreed it would be helpful to have a trusted framework like EDM Council’s CDMC™ (Cloud Data Management Capabilities) framework for the management of data and its lifecycle in the cloud

The Cloud Data Management Benchmark Report is structured using the EDM Council’s CDMC framework, which was developed to define best practices, data risk controls, and automations for migrating and managing data in the cloud. CDMC was created by 300+ professionals from 100+ organizations cross-industry, including the world’s largest cloud providers. AWS, Google Cloud, and Microsoft all recently announced their implementation of the CDMC 14 Key Controls and Automations in their cloud offerings.

“We are pleased to publish this first global benchmark study of cloud data management,” said John Bottega, President, EDM Council. “This cloud-focused analysis complements the EDM Council’s body of work to benchmark the state of data management for both business and data leaders, and understand how trusted data functions and capabilities are evolving in our data-driven, increasingly complex world.”

“Cloud adoption requires comprehensive data management capabilities, including data risk controls and automation, to ensure that data is protected and controlled to meet regulatory requirements across jurisdictions,” said Diana Ascher, EDM Council’s Head of Research. “The report outlines where greater attention should be directed to ensure data assets are central to planning and executing trusted cloud strategies.”

The benchmark report provides metrics, analysis, and insights based on the 6 core components and 14 capabilities and key controls of CDMC, covering:

  • Governance & Accountability
  • Cataloging & Classification
  • Accessibility & Usage
  • Protection & Privacy
  • Data Lifecycle
  • Data & Technical Architecture 

Organizations may use the report to compare their cloud data management capabilities to industry standards. For those who have implemented the CDMC framework, the report provides an opportunity to compare scores with other organizations.

Links to free EDM Council downloads:

About EDM Council

EDM Council is the global association created to elevate the practice of data management and analytics as a business and operational priority. The Council is the leading, global advocate for the development and implementation of data standards, best practices, and comprehensive training and certification programs. With more than 350 organizations from the Americas, EMEA, and Asia, and more than 25,000 data management professionals as members, EDM Council provides a venue for data professionals to interact, communicate, and collaborate on the challenges and advances in data management and analytics as critical organizational functions. For more, visit edmcouncil.org. 

Media Contact

Greg Tarmin, Paragon, greg@paragonpr.com, +1 917 868 7791