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...
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...
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...
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...
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...
