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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

New Data ROI Report: The Data Office Playbook v1.0

The EDM Council convened the Data Office ROI Working Group to develop comprehensive guidelines to help organizations navigate data challenges. The downloadable report discusses these challenges and recommended data management best practices for developing a return on investment (ROI) for the data office. The Data Office ROI Playbook v1.0 is the culmination of intense work by more than 125 cross-industry practitioners and interviews with 15 CDOs around the world over the course of 15 months.

Download Data Office ROI Report: Playbook v1.0

The Data Office ROI Playbook v1.0 consists of:
  • 7 steps, 28 plays and 4 actions that any organization can implement
  • Mappings of data ROI to DCAM (Data Management Capability Assessment Model), CDMC (Cloud Data Management Capabilities), and ESG (Environment, Social and Governance) frameworks from the EDM Council
  • 16 business cases and 19 case studies

EDM Council has released it’s 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/.

Data Influencers Introduced Digitalization of Sustainability Data (DSD) Lab Accelerator Pgm at COP27

New York, NY; November 21, 2022 – The Digitalization of Sustainability Data Lab (DSD Lab), a collaboration of international standard-setters and data management experts focused on sustainability, has launched its Accelerator Program at COP27, the 2022 United Nations Climate Change Conference. The DSD Lab founders include Capitals Coalition, EDM Council and XBRL International. The DSD Lab is aimed at facilitating the exchange of data needed for statutory reporting across industries worldwide. The goal is to make the resulting information more trusted, actionable and discoverable, in support of better sustainability decisions that lead to more positive outcomes for people, the planet and the global economy.

The objectives of the DSD Lab Accelerator Program are to:

–  Spearhead the development of a Smart Shared Dictionary to include all ESG (environmental, social and governance) topics to drive the consistency, comparability and quality of sustainability data inside  enterprises and across supply chains
–  Accelerate the alignment of XBRL (eXtensible Business Reporting Language) sustainability taxonomies through collaboration among relevant standard-setters and regulators
–  Develop and implement a verification and certification program to help ensure that software and services can seamlessly move data between systems
–  Introduce a global registry for identification of all entity reporting (statutory and non-statutory) to vastly improve data discoverability
–  Launch the development of an emerging economy digital sustainability reporting playbook to help accelerate regulatory digital transformation

While the call for climate-related data continues to grow, it lacks uniformity to be useful. “There is both a growing appetite and need for better sustainability data, but one of the biggest challenges we’re facing globally is the fragmented state of corporate data,” said David Wray, co-founder of the DSD Lab. “Many of the costs that firms are facing are due to the disparities in the measurement of sustainability criteria and the lack of a common framework to connect and compare the data across systems. The DSD Lab will address this over the next two years and help firms reduce costs of complying with mandatory disclosures.”

The co-founders of DSD Lab spoke on November 10 at COP27 on a series of panels titled “The path to global digital sustainability disclosure.” These panelists included:

– Liv Watson, Senior Advisor,  Capitals Coalition

– David Wray, President of DFCG International Group

– John Bottega, President of EDM Council

– John Turner, CEO of XBRL International

 

About the Digitalization of Sustainability Data (DSD) Lab

The DSD Lab Accelerator Program is an open collaboration among international consortia, technology standard-setters and other influencers committed to greater access and discovery of decision-useful sustainability information that also significantly lowers data management costs. The DSD Lab designs approaches to digital sustainability disclosures that promote trusted and actionable data that is machine-readable.
For more, visit www.dsdlab.org

About Capitals Coalition

Capitals Coalition is a global collaboration redefining value to transform decision making. It sits at the heart of an extensive global network which has united to advance the capitals approach to decision-making. The ambition of the Coalition is that by 2030 the majority of businesses, financial institutions and governments will include the value of natural capital, social capital and human capital in their decision-making and that this will deliver a fairer, just and more sustainable world. The Coalition has published two international protocols – the Natural Capital Protocol and the Social & Human Capital Protocols – that provide a standardized framework for businesses to identify, measure and value direct and indirect impacts and dependencies on stocks of natural, social and human capital.
For more, visit https://capitalscoalition.org/project/digitalizing-sustainability-data/

About EDM Council

The 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 member organizations globally 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 https://edmcouncil.org and follow us on LinkedIn and Twitter.

About XBRL International

XBRL International is a global, not-for-profit consortium working through the XBRL Standard to improve business reporting for the public good. We are a member-supported organization, with dedicated volunteers from all over the world offering their time and expertise to develop specifications to support the collection, sharing and use of structured data for data reporting and analysis.
For more, visit https://www.xbrl.org/

Media Contact:
Greg Tarmin
+1 917.868.7791
greg@paragonpr.com

EDM Council and National Institute of Standards and Technology (NIST) Collaborate

EDM Council and National Institute of Standards and Technology (NIST) Collaborate to Launch Ontology Development Infrastructure for the Manufacturing Industry

 

NEW YORK, Oct. 27, 2022 /PRNewswire/ — EDM Council, a cross-industry trade association focused on data management and analytics best practices, has teamed up with the U.S. Department of Commerce’s National Institute of Standards and Technology (NIST) to launch a collaborative program to standardize knowledge engineering and ontology development, including infrastructure, processes and guidelines to support data interoperability and analytics in manufacturing. The program will also support the Industrial Ontology Foundry (IOF), which will help in developing the processes and product modelling for the resulting data models.

The current data and analytics model that manufacturing firms use to develop products and implement manufacturing processes is very complex but lacks a universal set of data guidelines, which has led to cross-organizational production issues, delays, and heightened levels of risk. This project will leverage the infrastructure and processes of the EDM Council’s Open Knowledge Graph Innovation Lab to address these challenges, which are being used to build out other industry ontologies, including ontologies for the finance and pharmaceutical industries.

The new infrastructure will enable the IOF community, whose members include manufacturing firms, software vendors, academics and research institutes, to:

  • Formalize data definitions to improve data quality for the entire product life cycle, including product design & engineering, production planning, supply chain management, maintenance and service, and decommission
  • Create greater interoperability across industry and enterprise data
  • Improve issues related to data silos while helping to resolve lingering terminology conflicts
  • Automate data analyses which will improve productivity across the manufacturing supply chain
  • Enhance the development of Artificial Intelligence (AI) and Machine Learning (ML) capabilities

“This type of ontology supports the uses of the large amount of data this industry creates to bring production and supply chain efficiency, quality, and resiliency to the next level. By teaming up with the EDM Council, we will be able to deliver a platform for producing new, high-quality data standards that create strategic value for manufacturing professionals,” said Serm Kulvatunyou, project lead for the Biopharmaceutical Manufacturing and Supply Chain project at NIST and an IOF Board Member.

NIST promotes U.S. innovation and industrial competitiveness by advancing measurement science, standards and technology in ways that enhance economic security and improve quality of life.

“As processes and advancements in the manufacturing supply chain are becoming more sophisticated, the amount of data being created has amplified exponentially,” said John Bottega, President of the EDM Council. “By creating a consistent data quality ontology for the manufacturing sector in collaboration with NIST and IOF, we will collectively deliver the necessary capabilities that companies can implement in order to effectively manage their business.”

The infrastructure that supports the manufacturing ontology that will be developed in this project comes off of the success of the EDM Council’s Financial Industry Business Ontology (FIBO).

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 300 member organizations globally from the Americas, EMEA, and Asia, and more than 20,000 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, explore edmcouncil.org and follow us on LinkedIn and  Twitter.

About the Industry Ontology Foundry (IOF)

The Industry Ontology Foundry‘s mission is to create a set of core and open reference ontologies that spans the entire domain of digital manufacturing. The IOF works with Government, Industry, Academic and Standards organizations to advance data interoperability in their respective fields. The organization provides principles and best practices by which quality ontologies can be developed, while providing an organizational framework and governance processes that ensure conformance to principles and best practices for development, sharing, maintenance, evolution, and documentation of IOF ontologies.

EDM Council Board of Directors Addition – Linda Avery, Verizon Chief Data & Analytics Officer

EDM Council Expands its Board of Directors with Addition of Verizon Chief Data & Analytics Officer Linda Avery

 

New York, NY; July 28, 2022 – EDM Council, a cross-industry trade association for data management and analytics, has named Linda Avery, Chief Data and Analytics Officer at Verizon, to its Board of Directors. As the first to hold the CDAO position at Verizon, Linda has played a central role in driving more than $2B in value across the Company since her arrival in August 2019.

 

With more than 20 years of experience, Avery is one of the most revered and accomplished data leaders in the industry. In April 2019, she was awarded CDO of the Year by the CDO Club and was named to CDO Magazine’s list of Global Data Power Women in both 2021 and 2022.

 

Prior to joining Verizon, Avery was Chief Data Officer, SVP & Head of Data & Statistics for the Federal Reserve Bank of New York. Between July 2014 and August 2019, she was the architect of the organization’s data strategy and developed capabilities in areas that included AI and analytics, data visualization, and data quality. Prior to joining the Fed, she spent 20 years at Goldman Sachs, where she was a Managing Director in Technology.

 

“The EDM Council has been a beacon in creating frameworks supporting standards and best practices around data management, including their recently developed Cloud Data Management Capabilities Framework. They have been instrumental in creating forums to bring data professionals together. Their work continues to grow in importance, as data-driven decisioning has become increasingly core to business strategy and operations,” Avery said. “I’m very excited to join the Board to help drive this important work forward.”

 

“We are thrilled to have Linda join our Board of Directors. Linda has been a trailblazer at every stop in her career, having been a Chief Data Officer at two important organizations. We are looking forward to her ideas and contributions in taking the EDM Council to new heights,” said Mike Meriton, Co-founder and COO of the EDM Council.

 

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 300 member organizations globally from the Americas, EMEA, and Asia, and more than 20,000 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, explore edmcouncil.org and follow us on LinkedIn and Twitter.