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Old Mutual Limited joins EDM Council as its newest member

Old Mutual Limited (OML) is a premium African financial services group that offers a broad spectrum of financial solutions to retail and corporate customers across key markets in 14 countries.

Their purpose is to help customers thrive by enabling them to achieve their lifetime financial goals, while investing their funds in ways that will create a positive future for them, their families, their communities and broader society.

For more information: click here

EDM Council welcomes Western Alliance Bank as its newest member

Western Alliance Bank offers a wide range of commercial and business banking solutions including loans, lines of credit, and more.

For more information: click here

Naryant joins EDM Council as its newest member

Naryant is the end-to-end digital transformation partner, leading organizations to reimagine, build, and evolve custom software solutions using data.

For more information: click here

Cardinal Health joins EDM Council as its newest member

Cardinal Health distributes pharmaceuticals, manufactures and distributes medical and laboratory products, and provides performance and data solutions for healthcare facilities. They are a crucial link between the clinical and operational sides of healthcare, delivering end-to-end solutions and data-driven insights that advance healthcare and improve lives every day.

For more information: click here

EDM Council welcomes Invesco as its newest member

Invesco is a global investment firm dedicated to creating greater possibilities for our clients. They are driven by creating the right solutions for their clients using investing art, science, and expertise across the firm, around the world, and across nearly every asset class, strategy, and vehicle.

For more information: click here

Waters Technology: Putting a price on your head (of data): The ROI of a CDO

EDM Council In the News: Waters Technology

The chief data officer has become recognized as a key role in a financial firm’s ability to manage its data assets, and reduce costs and risk. So why is it also so notoriously short-lived?

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Read the full article by Max Bowie, featuring EDM Council, the Data ROI project and working group, DCAM, CDMC and more in Waters Technology (subscription required).

Metro Bank joins EDM Council as its newest member

Metro Bank‘s is committed to making a difference and delivering a different type of banking for Britain.

For more information: click here

EDM Council welcomes Sallie Mae as its newest member

Sallie Mae is the nation’s saving, planning, and paying for college company, offering private education loans, free college planning tools, and online banking.

For more information: click here

Video Interview | The CDO Is Coming Across as an Important Business Function

Click here to watch the interview

John Bottega, President of the EDM Council, speaks with Caroline Carruthers, Chief Executive at Carruthers and Jackson, in a video interview about establishing data management programs across industries, the changing CDO role, data literacy, and trust.

According to the Fifth Global Data Management Benchmark Report, 84% of all respondents said their firms established or are establishing a data management program. Speaking on the importance of such a report for any organization, Bottega says that to be able to survive in a digital world, organizations have to understand their information. Industries are now more cognizant of data and following the best management practices.

In addition, he notes that other verticals are implementing modern data management more strategically due to the opportunities to improve their businesses, offer better products, and understand markets.

Bottega continues, speaking about the expanding Chief Data Officer’s role. He says early CDOs had to explain their role in their organizations. Today, senior data executives are in the C-suite, with more CDOs reporting to the COOs and CEOs of organizations. He adds that the CDO role is increasingly becoming an essential business function.

Sharing his views on data management versus data governance, Bottega says that data governance is an element of data management. Organizations that lead with data governance may not be successful because no one wants to be told what to do. He says that success comes from speaking about the benefits of data management and the opportunities it can deliver, and then explaining that there is a set of policies and rules that must be followed.

Regarding data literacy, Bottega defines it as the awareness of the value of the data asset and its impact on the organization and society as a whole. The lack of general understanding of the importance of data can damage the data supply chain and, in turn, the integrity of information.

Bottega explains that data leaders can gain and deserve trust by developing the maturity to ensure the integrity of data and its proper use. The responsibility includes overall data protection to ensure the information is not compromised or stolen. He adds that data management presents an opportunity to utilize analytics responsibly and without misusing the results.

Highlighting some of the upcoming trends in the data space, Bottega mentions the following:

  • The commercial side of data management will continue to strengthen and grow, enabling companies to be stronger.
  • The importance of ESG and sustainability. Professionals must identify information and ensure it is trusted and actionable to have consistent data standards.
  • Data for good, combating financial crime, human trafficking, etc.

University of Castilla-La Mancha joins EDM Council as its newest member

University of Castilla-La Mancha is a university offering courses in the cities of Albacete, Ciudad Real, Cuenca, Toledo, Almadén and Talavera de la Reina. This university was recognized by law on June 30, 1982, and began to operate three years later.

For more information: click here