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OWL ESG, Inc. joins EDM Council as its newest member

OWL ESG, Inc. – aims to have a positive impact, whether by powering other investors to make more informed, impactful decisions with their money using our data, or by powering index-based products that allocate the lion’s share of investment dollars to good corporate citizens.

Leading financial institutions that are entrusted with managing billions of dollars for investors across the world turn to OWL for our diverse range of ESG products and customized solutions, to help them meet sustainability mandates that continue to expand and evolve.

For more information: click here

D4Ds becomes the newest member to join the EDM Council

D4Ds is a company that focuses on enabling data-driven culture so the business decisions that are made will be accurate and on time. A data-driven culture is a mindset that organizations have where they depend on data as an aid in decision-making and strategy.

For more information: click here

EDM Council welcomes GCOM Software LLC as its newest member

GCOM is led by government innovators who recognized a need in the market for a new way of doing things. We’re a diverse team of former public servants, mission-oriented technologists, and industry thought leaders. With decades of experience supporting state and local government, we’re skilled at spotting – and surmounting  – the innovation roadblocks our customers face.

For more information: click here

NTT Data Services joins EDM Council as its newest member

NTT DATA – a part of NTT Group – is a trusted global innovator of IT and business services headquartered in Tokyo. We help clients transform through consulting, industry solutions, business process services, IT modernization and managed services. NTT DATA enables clients, as well as society, to move confidently into the digital future. We are committed to our clients’ long-term success and combine global reach with local client attention to serve them in over 50 countries.

For more information: click here

Microsoft achieves first Cloud Data Management Capabilities (CDMC) certification

By Mike Flasko

Vice President and General Manager, Data Governance, Microsoft

CDMC Certified Cloud Solution Seal

Today, Microsoft announced the successful completion of the Cloud Data Management Capabilities (CDMC) 14 Key Controls and Automations certification, conducted by Accenture and Avanade, accelerating the industry’s move to the cloud. The 14 Key Controls and Automations are a part of the EDM Council’s Cloud Data Management Capabilities framework formulated as a best practice to help all industries accelerate the migration of sensitive and non-sensitive data to the cloud with confidence. This certification demonstrates Microsoft’s commitment to providing comprehensive CDMC cloud data management automations and controls for protecting sensitive data to accelerate trusted cloud adoption.

When we first joined the EDM Council’s CDMC Work Group in May 2020, Microsoft was at the beginning of its journey building out what is now known as Microsoft Purview, our unified data governance and compliance solution. We joined over 300 industry data thought leaders with representation from the world’s largest banks and technology companies to identify a control standard to keep data safe.

Every organization we have had the opportunity to engage with is looking to accelerate its use of data to drive its business outcomes. Best practices for how to govern data as it moves to and is born in the cloud were a constant area of discussion and need. This is why we were so excited to partner with the EDM Council and thought leaders around the globe to make data governance practice in the cloud simpler and more approachable, allowing everyone to derive more value from data.

“Across every industry, we’ve seen that clients who are capitalizing on data are driving innovation and competitive advantage. Avanade clients are transforming their business through data strategies and capabilities including data fabric, data mesh, and modern analytics and governance at scale. With the CDMC certification of Microsoft’s cloud platform, our clients will be able to leverage industry-leading governance best practices advanced by the EDM Council, and we will expand this to more organizations and achieve stronger business outcomes.” — Simon Thomas, Global Head of Data and AI, Avanade

Graphic showing the CDMC 6 core components

The CDMC 14 Key Controls and Automations

Governance and accountability

1. Data Control Compliance must be monitored for all data assets containing sensitive data through metrics and automated notifications.

2. The Ownership field in a data catalog must be populated for all sensitive data or otherwise reported to a defined workflow.

3. A register of Authoritative Data Sources and Provisioning Points must be populated for all data assets containing sensitive data.

4. The Data Sovereignty and Cross-Border Movement of sensitive data must be recorded, auditable, and controlled according to defined policy.

Cataloging and classification

5. Cataloging must be automated for all data at the point of creation or ingestion, with consistency across all environments.

6. Classification must be automated for all data at the point of creation or ingestion and must always be on.

Accessibility and usage

7. Entitlements and Access for Sensitive Data must default to the creator and owner and access must be tracked for all sensitive data.

8. Data Consumption Purpose must be provided for all Data Sharing Agreements involving sensitive data.

Protection and privacy

9. Appropriate Security Controls must be enabled for sensitive data and evidence must be recorded.

10. Data Privacy Impact Assessments must be automatically triggered for all personal data according to its jurisdiction.

Data lifecycle

11. Data Quality Measurement must be enabled for sensitive data with metrics distributed when available.

12. Data Retention, Archiving, and Purging must be managed according to a defined retention schedule.

Data and technical architecture

13. Data Lineage information must be available for all sensitive data.

14. Cost Metrics directly associated with data use, storage, and movement must be available in the catalog.

In today’s environment, many organizations are looking to set the data foundation in place to quickly adhere to ever-changing regulatory requirements across multijurisdictions. They’re also looking for the confidence that data is properly protected no matter where it resides. Without having the foundational layer in place, analytics and AI will not deliver trusted insights. This milestone for the industry allows organizations to balance their offensive and defensive position when it comes to generating value from their data and meeting compliance standards.

“The Cloud Data Management Capabilities framework represents the best practices in data on cloud from a huge number of financial services companies and other leading data practitioners from across other industry groups. It is great to see Microsoft natively certifying their platform against CDMC key controls, automating the most important capabilities in data management, which will help accelerate adoption of cloud services. We are excited by their continuing contributions to extend CDMC into new areas this year.”—Oli Bage, Co-chair of CDMC Work Group and Head of Architecture for Data and Analytics, London Stock Exchange Group

“Microsoft’s certification of the CDMC 14 Automated Key Controls is an impressive accomplishment because it marks the completion of a comprehensive, in-depth confirmation of their cloud leadership. Having its cloud platform independently certified will give Microsoft’s clients even greater confidence in accelerating their own adoption of cloud and hybrid-cloud strategies with the assurance that their data is controlled and protected.”—John Bottega, President, EDM Council

Microsoft’s certification allows client companies across all sectors to implement best practices within their own operational environments and ensure that the 14 Key Controls will protect their sensitive data cross-jurisdiction and speed their own certification against the CDMC Key Controls.

About Microsoft

Microsoft (Nasdaq “MSFT” @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more. Learn more about Microsoft.

About Avanade

Avanade is the leading provider of innovative digital, cloud and advisory services, industry solutions, and design-led experiences across the Microsoft ecosystem. Every day, their 60,000 professionals in 26 countries make a genuine human impact on clients, employees, and customers. They have been recognized, together with their parent, Accenture, as Microsoft Global SI Partner of the Year more than any other company. With the most Microsoft certifications (60,000 plus) and 18 (out of 18) Gold-level Microsoft competencies, they are uniquely positioned to help businesses grow and solve their toughest challenges. They are a people-first company, committed to providing an inclusive workplace where employees feel comfortable being their authentic selves. As a responsible business, they are building a sustainable world and helping young people from underrepresented communities fulfill their potential. Majority owned by Accenture, Avanade was founded in 2000 by Accenture LLP and Microsoft Corporation. Learn more about Avanade.

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 over 350 organizations from the Americas, Europe, the Middle East, Africa, and Asia, and over 25,000 data management professionals as members, the 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.

Learn more

1. Discover best practices for cloud data management with EDM Council’s CDMC framework, including a free download.

2. Learn more about the Microsoft Purview unified data governance platform and CDMC Assessments with Microsoft, an EDM Council CDMC Authorized Partner.

3. Read about Microsoft’s data transformation journey, best practices, and CDMC partnership in the Whitepaper, the CDO Seat at the Cloud Table.

4. Learn more about Microsoft Security solutions and bookmark the Security blog to keep up with expert coverage on security matters. Also, follow Microsoft Security on LinkedIn and @MSFTSecurity on Twitter for the latest news and updates on cybersecurity.

New Data ROI Report: Data as an Asset

EDM Council announces the publication of Measure, Manage, Create Value – Practical Steps for Achieving High Data ROI by Treating Data as an Asset, the second report produced by the . This downloadable report demonstrates how to isolate the overall value of data in an organization from its total unattributed intangible value. This includes variations for the special situations of data product companies and banks, and illustrates how to compute a data ROI (return on investment).

The Three-Step Framework includes:
  • Measure: Assign a specific value to your organization’s data.
  • Manage: Understand how to treat data with similar care as physical assets.
  • Create value: Establish a practice to compute the return on investment (ROI) of data initiatives.

Download Data ROI Report on Data as an Asset

EDM Council welcomes McDonald’s Corporation as its newest member

Behind McDonald’s Corporation Golden Arches is a global community of crew, farmers, suppliers, franchisees, and countless others who make up who we are as a brand. It’s the entire McFamily that makes McDonald’s what it is today and what it’s been for over 65 years.

Across our business, we strive to lift up the communities we’re in. We do it through our purpose, to feed and foster communities. We do it through our growth pillars, which focus on integral areas of our business. We do it through our leadership, with a team that will move our brand forward.

For more information: click here

Oesterreichische Nationalbank joins the EDM Council

Oesterreichische Nationalbank is the central bank of the Republic of Austria and as such an integral part of the European System of Central Banks (ESCB). The OeNB contributes, in the public interest, to monetary and economic policy decision-making in Austria and the euro area. In fulfilling this role, the OeNB is independent and not bound by any instructions. The OeNB adheres to the guiding principles “stability and security.”

Its core business areas are cash management, monetary policy, financial stability, statistics, and payments. An organization committed to diversity and sustainability, the OeNB also promotes the sciences and research, and it supports cultural activities.

For more information: click here

Anomalo joins the EDM Council

Anomalo automatically detects data issues and understands their root causes, before anyone else. Connect Anomalo to your Enterprise Data Warehouse and begin monitoring the tables you care about within minutes.

For more information: click here

EDM Council welcomes First Interstate Bank as its newest member

First Interstate Bank is a community bank headquartered in Billings, Montana. With more than 300 branches across Arizona, Colorado, Idaho, Iowa, Kansas, Minnesota, Missouri, Montana, Nebraska, North Dakota, Oregon, South Dakota, Washington, and Wyoming, they’re dedicated to helping these diverse communities reach their greatest potential—answering the needs of residents and businesses with practical financial solutions while supporting communities through business development and philanthropy.

For more information: click here