Data management – The foundation for handling data in a way that adds value
Data quantities continue to increase. Data has value. Therefore, the strategic aim of every bank must be to capture this value in everyday business and enhance it in a targeted manner, where possible. But how can this be achieved? The most important aspect is to create order from this chaos. Tasks, skills and responsibilities for handling data must be expediently and functionally delegated across the whole bank. Existing "typical" functions that take a structured approach to data-related matters (such as data architecture, operations, IT security, as well as Legal & Compliance issues) are ideally supplemented by a data management competence center.