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EDM Council welcomes Universities Superannuation Scheme Ltd as its new member

Universities Superannuation Scheme Ltd is the investment management subsidiary of the largest private pension scheme in the UK in terms of assets. Established in 1974, they are the principal pension scheme for universities and higher education institutions in the UK.

For more information: click here

Acquis Consulting Group joins EDM Council as its newest member

Acquis Consulting Group is a global consulting firm specializing in strategy and implementation. They help ambitious organizations solve business challenges that enable sustainable growth and healthy efficiency. They do this by not just designing strategies but also putting them to work.

For more information: click here

AWS contributes to development of EDM Council’s Cloud Data Management Capabilities framework

EDM Council, a global trade association for data management and analytics, recently published the Cloud Data Management Capabilities (CDMC) framework for managing data in the cloud. AWS, along with other cloud service providers and technology and consulting firms, as well as several leading financial services institutions, participated in an 18-month long working session to develop the framework. While initially targeted for financial services, the CDMC framework is applicable across industries, and provides a comprehensive set of cloud data management capabilities, standards, and best practices for migrating data to the cloud.

Click here to read the full article.

Snowflake Achieves First Cloud Data Management Capabilities (CDMC) Assessment

Snowflake (NYSE: SNOW), the Data Cloud company, today announced that it has successfully completed an assessment conducted by KPMG on the 14 Key Cloud Controls for protecting sensitive data, a component of the EDM Council’s Cloud Data Management Capabilities (CDMC) Framework that ensures a comprehensive set of industry standard guidelines for Financial Services organizations and other industries as they move their data into the Cloud. Snowflake’s Financial Services Data Cloud is the first cloud platform to be independently assessed against the recently published CDMC Key Controls.

The EDM Council is the leading global non-profit trade association for advocating data management and analytics. The Council’s CDMC Workgroup is the largest open industry collaborative work group operating since May 2020 focused on developing best practices and controls for Cloud Data Management. The CDMC Workgroup includes over 100 companies and 300 professionals comprising leading financial industry companies, major cloud service providers, key technology companies and leading advisory firms. This first CDMC release targets the highly-regulated financial markets and has been developed to support all industries requiring the management of sensitive data in the Cloud.

“Snowflake’s customers, some of whom are among the world’s largest financial services organizations, are each trying to come up with their own guidelines for how to move their data to the cloud,” said Matt Glickman, VP and Global Head of Financial Services at Snowflake. “As part of the EDM Council, Snowflake helped create the CDMC framework to provide the industry with a standard way to manage their data lifecycle in the cloud. We’re very excited to be the first cloud platform to adopt this new standard to help further accelerate the industry’s move to the cloud.”

“The CDMC Workgroup collaboratively developed these 14 Key Controls as the first deliverable of the broader CDMC framework to be published at the end of September to help companies globally across various industries incorporate essential data management practices into cloud and hybrid-cloud implementations,” said John Bottega, President of the EDM Council. “We are very appreciative of all of the time and hard work from all of the CDMC contributors to deliver this vital industry framework.

Leading financial services organizations, like London Stock Exchange Group (LSEG), will be able to use the CDMC Key Controls as an objective set of guidelines and controls to thoughtfully move their data to the Cloud, with automation confirming all the correct controls are in place. The controls aim to help solve the industry-wide burden of managing data security and compliance when moving to the cloud. All the artifacts produced as part of the Snowflake Financial Services Data Cloud assessment have been published for general industry-wide consumption.

The CDMC 14 Key Controls for protecting sensitive data in the Cloud was published by the Workgroup as a first deliverable on July 7, 2021 and is available as a free license to all industries via the EDM Council website.

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About Snowflake 

Snowflake enables every organization to mobilize their data with Snowflake’s Data Cloud. Customers use the Data Cloud to unite siloed data, discover and securely share data, and execute diverse analytic workloads. Wherever data or users live, Snowflake delivers a single data experience that spans multiple clouds and geographies. Thousands of customers across many industries, including 212 of the 2021 Fortune 500 as of July 31, 2021, use Snowflake Data Cloud to power their businesses. Learn more at snowflake.com

Investors Group Financial Services becomes the newest member to join the EDM Council

Investors Group Financial Services, or IG, is a subsidiary of IGM Financial, a leading wealth and asset management company that is committed to improving Canadians’ lives through better financial management. The company is dedicated to helping Canadians become more financially confident through their comprehensive financial planning, expert Advisors and world-class investment options.

For more information about IG, click here.