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| How Is Your Data Health? |
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Using the analogy of a health check to determine the good working order of the body, this paper discusses how data metrics can play a key role in raising awareness among senior executives of the direct correlation between poor quality data and data processes and the financial performance. Understanding the detrimental impact of data helps ensure that the momentum for data management projects is maintained and sustained. In today's turbulent markets the securities industry has begun to realize the breadth of impact that data has on the bottom line, and as a result the importance of accurate data measurement in a number of areas including the ability to mitigate risk, meet regulatory compliance and customer satisfaction. Today's complexity in financial instruments has exposed financial institutions to higher risks. This paper discusses how data metrics can play a key role in raising awareness among senior executives of the direct correlation between poor quality data and data processes and the financial performance. Understanding the detrimental impact of data helps ensure that the momentum for data management projects is maintained and sustained. In all the paper addresses 8 charateristics of good metrics.
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How Is Your Data Health?