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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

Eyes on Data: The Elevated Role of Data Management and the CDO

The role of the Chief Data Officer (CDO) or the Chief Data Executive continues to gain relevance and importance in today’s corporate C-Suites across all industries. The EDM Council, the global non-profit professional trade association that focuses on data management best practices, recently published their 2023 Global Data Management Benchmark Report in which the trends of the industry and the growth of the Chief Data Executive were studied.

Read the full article on The Data Administration Newsletter

EDM Council has released its 2023 Global Data Management Benchmark Report

EDM Council Benchmark Report Details Strategic Rise of Chief Data Officers 
Biennial study uncovers expanding role of the CDO and wider establishment of data management across industries worldwide

New York, NY, December 8, 2022 – EDM Council, the cross-industry trade association for data management, has released its 2023 Global Data Management Benchmark Report, indicating the importance of Chief Data Officers across industries and the growth of data management as a formal discipline within organizations.

The 2023 Benchmark Report’s data revealed the growing strategic significance of the Chief Data Officer role and the practice of data management, specifically that:

  • 65% of respondents stated their firm has formally appointed a Chief Data Officer or Chief Data Executive, up from 60% in 2020
  • 86% of finance industry CDOs now report to the C-Suite, increasing from 72% in 2020
  • 80% of Data Executives in non-financial markets report to the C-Suite, with 20% of those reporting directly to the CEO

“In my 30+ years as a data executive, the scope of responsibilities has expanded considerably, but especially so in the last few years,” said John Bottega, President, EDM Council. “This year’s Benchmark Report shows Data Executives, and the data management function as a whole, taking on a much greater strategic role as they help to define not only their firm’s data management vision but also their analytics, AI/ML, ESG and sustainability data direction.”

This fourth edition of the Benchmark Report saw a three-fold increase in overall participation, plus responses from more industries, with 58% of responses coming from non-financial companies, a 27% increase from the 2020 survey. The Benchmark studies use DCAM (Data Management Capability Assessment Model), which outlines best practices for data programs, as the framework to assess how the profession as a whole has progressed its data management program agenda.

Survey participants indicate that 80% have data governance programs in progress or already established. The Report also highlights the critical role of responsible, ethical management of the public’s data but the need for improvement, with only 62% of respondents indicating the establishment or progress of sustainable data analytic governance programs, although this has increased from 51% in 2020. The topic of data literacy as a crucial element of a strong data-driven culture is also represented in the analysis as a key factor of a firm’s overall success.

Download the Benchmark Report

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 member global organizations from the Americas, EMEA and Asia, and over 15,000 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 https://edmcouncil.org/.