2017 Data Management Industry Benchmark Summary

Four years after the release of the Principles of Risk Data Aggregation by the Basel Committee on Banking Supervision, the financial industry still faces challenges in fully establishing a “control environment” for data management, according to the EDM Council’s 2017 Data Management Benchmarking Survey Report.

The biennial study, done in collaboration with industry leader Sapient Consulting and Pellustro, the DCAM assessment platform developed by boutique strategy firm Element22, found progress toward setting up enterprise-wide data management programs and implementing data governance. However, it also highlights several key areas where industry capabilities lag in meeting the requirements set out by global regulators and market authorities.

Read the Summary Report.