Let's take a look at the requirements from the viewpoint of legislation.BSBC239 (PERDARR) and GDPR as key legislative triggers for data lineageAs an example, we will take requirements of the Basel Committee on Banking Supervision's standard number 239 “Principles for effective risk data aggregation and risk reporting” (BCBS239 or PERDARR)1and the EU General Data Protection Regulation (GDPR)2...
Nowadays, when someone starts talking to me about data lineage, the first question I ask is: ‘what do you mean by “data lineage”’? What is your understanding of data lineage? Believe it or not, but so far, I haven’t met a person whose definition and understanding of data lineage has perfectly corresponded with mine, or others that I have encountered over the years. The reason for that is that you...
During the past few years, I have noticed a quick growth of interest towards data lineage. Data lineage has become a hot topic in the data management community. Being deeply involved in practical implementation of data lineage for the past two years, I would like to share my knowledge and experience with you...
The analogy of an orange and data management (DM) models came to my mind when I was writing about my analysis of well-known data management metamodels and different maturity models of data management. The orange symbolized my attempts to...
In data management (DM), we have a plenty of data management maturity models, the most well-known are: DAMA-DMBOK, DCAM, CMMI CERT-RMM (Data Management Maturity Model) by CMMI, and a few others. When I look at all of these models...
FP&A needs to increase its value for the business and the way to do it is through of business partnering. In this article, I would rather like to address a few practical challenges, the following two in particular: who are FP&A business partners, and how we, FP&A professionals...
Why does a company need FP&A, and what value does it bring to the business? I will discuss some insights which I have gained from looking at it from the perspective of the business canvas model, primarily used in Business Architecture...
If you are going to implement the data management function, your first step is to look at existing industry reference guides. Your first choice will definitely be the DAMA-DMBOK Guide by...
...or thoughts on the optimization of the FP&A value proposition. Imagine you have 3 minutes to explain to a six year old what FP&A is and what place it takes in a business ecosystem. Tough, isn’t it? Once I came up with an analogy of...
The role of FP&A in business has changed drastically during the past few years. ‘Strategic advisor’, ‘change agent’, ‘business partner’ : these terms are very characteristic for the new trends that are arising in the world of FP&A. The subject of building an effective...
