Cloud migration has become one of the key issues large businesses are facing, and the global pandemic has only accelerated this. We recently hosted a panel discussion ‘Cloud Transformation - The Greenfield Opportunity, but where do you start?’ to dive deeper into this key focus area.
"The first thing to recognise is what you’re trying to do is give an organisation its own innate intellectual property, it’s own understanding of itself - it's own blueprint."
"You need to be able to prove the lineage of the data – where you sourced it from, what the data is, what are its purposes and uses, and where it is going. It's important to be able to prove this within your own company but also for the regulators as well."
"Metadata is data about data. Metadata gives the specifics of what data is and how you should use it."
Data management is a vital part of every organisations business strategy - but managing data is not as straight forward as it may seem, and at times financial institutions are finding themselves on the back foot when it comes to their approaches.