Business partnering between Finance and Data Management through driver-based modeling and data lineage.
Business planning
Business partnering between Finance and Data Management through driver-based modeling and data lineage.
28/04/2019 by in Business planning

In this article I would like to talk about one possible area where cooperation between FP&A and Data management professionals can deliver mutually beneficial results. This area combines two independent concepts from FP&A and Data Management: driver-based modeling and data lineage...

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Scope your data management initiative by using Critical Data Elements
Data management
Scope your data management initiative by using Critical Data Elements
08/04/2019 by in Data management

Recently, the concept of critical data has caught the attention of a lot of data management professionals. I myself was no exception, so I decided to dive deeper into this subject and do some research. In this article, I would like to share some results of my research and my experience with definitions of critical data and critical data elements (CDEs), reasons to use CDEs and key...

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Data lineage 105: Implementation guidelines
Data management
Data lineage 105: Implementation guidelines
24/03/2019 by in Data management

If by now you have decided that you and your company are ready to continue this journey and start the implementation of data lineage, let’s draft the key steps you need to take.Before we start, it is worth mentioning that an established data management framework and collaboration between data management professionals and stakeholders are a prerequisite for successful...

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Data Lineage 104: Documenting data lineage
Data management
Data Lineage 104: Documenting data lineage
20/03/2019 by in Data management

In this article, I would like to discuss and give my answer to the most complicated question: how should data lineage be documented? Before you even start thinking about documenting data lineage, there are a few crucial decisions to be made beforehand? What is the scope of data lineage in your situation?What method of documentation will you choose...

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Data Lineage 103: Legislative requirements
Data management
Data Lineage 103: Legislative requirements
17/03/2019 by in Data management

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...

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Data Lineage 102: Definition and key components
Data management
Data Lineage 102: Definition and key components
13/03/2019 by in Data management

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...

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Data Lineage 101: What’s so special about data lineage?
Data management
Data Lineage 101: What’s so special about data lineage?
10/03/2019 by in Data management

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...

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What does data management have in common with… an orange?
Data management
What does data management have in common with… an orange?
03/03/2019 by in Data management

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...

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Data Management maturity models: a comparative analysis.
Data management
Data Management maturity models: a comparative analysis.
16/12/2018 by in Data management

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...

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FP&A partnering: 7 Tips for better communication with your business partners
FP&A
FP&A partnering: 7 Tips for better communication with your business partners
12/12/2018 by in FP&A

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...

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