EDM Council wishes to thank
and
for sponsoring the 2011 Industry Benchmarking Survey
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| Data Management Maturity Model |
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The EDM Council, in partnership with Carnegie Mellon/SEI, is facilitating the creation of the financial industry’s only independent Data Management Maturity (DMM) Model. The DMM Model is a global, vendor neutral and industry developed tool that will provide a consistent roadmap for EDM as well as an auditable benchmark against industry best practice. The model will define the components of data management at the specific business-process level so that financial organizations can assess themselves against documented best practices and upgrade their management of essential data resources. This framework will then be mapped to an audit/measurement process based on the SEI’s CMMI framework to ensure consistent and rigorous assessment capabilities.
The EDM Council has recently launched the Content Model phase of development for the Data Management Maturity (DMM). This phase involves the collaboration of member organizations to identify and prioritize the key elements of a sound EDM process.
Further stages will include the Process Model phase of mapping of the Content Model to the Carnegie Mellon/SEI process methodology to produce the finalized auditable Data Management Maturity Model.
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DMM Working Group
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The goal of the DMM Working Group is to create clear statements of "ideal objective" and to document the incremental
"business measures" for each of the 125 DMM process areas related to the practice of data management within the financial industry that we've identified.
To login and access the DMM Working Group resources please click here.
The DMM Working Group activity is open to EDM Council members only.
The DMM Working Group meets bi-weekly (Tuesdays and Thursdays 12.00-1.30 eastern). To find out more about the discussion thread and how to join these calls please contact Kyle Morton.
Don't have a web login? Register for web access.
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April 2011
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Senior Supervisors Group Report
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report created by leading global financial institutions outlining the impact that data and the lack of data management had on the financial crisis of 08
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October 2010
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The EDM Council and Headstrong conducted a global data management benchmarking survey designed to collect comparable metrics on how financial institutions are implementing their data management programs. The survey consists of a combination of online survey and in-depth one-on-one interviews among a cross section of the financial industry selected by segment, geography and size. A detailed online survey was conducted with 65 firms participating followed by personal interviews with 30 firms. EDM Council worked with Headstrong and element22 for survey design, administration and data analysis.
Full survey results Comparable metrics on how financial institutions are implementing their data management programs.
'Member firms only' Please contact Carole Mahoney if you have trouble getting access to these results.
(this will be restricted to only email addresses of member firms- as in the previous point )
What’s next for Reference Data Management
Webinar
discussion on the results and findings of the Global Data Management Benchmarking survey
- The relationship between where the industry currently resides on the data management maturity curve versus where we need to be to meet the new requirements for systemic oversight.
Presentation Given by Mike Atkin on the results and findings of the industry survey.
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January 2010
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| Document |
DMM Core Outline
This is an extended version of the DMM outline. It provides a detailed summary of the components of EDM that need to be measured and assessed by maturity level. Agreement on definition and scope are pre-requisites for formal measurement and evaluation.
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DMM Base Model
This is an extended version of the DMM outline. It provides a detailed summary of the components of EDM that need to be measured and assessed by maturity level. Agreement on definition and scope are pre-requisites for formal measurement and evaluation.
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August 2009
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| Report: |
Data Management Maturity Positioning Document
Brief summary of goals and objectives of the Data Management Maturity Model (DMM) being managed in conjunction with the Software Engineering Institute of Carnegie Mellon University
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July 2009
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| Presentation: |
Data Management Maturity Model Illustration
These slides are an illustration of the type of output that will be created from the Council’s collaboration with Carnegie Mellon on the project to model the maturity of data management. Click here to view the overview of this initiative. Click here to view the press release on the EDM/CMU collaboration
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Data Management Maturity Project Overview
The EDM Council has formed a collaborative relationship with the Software Engineering Institute of Carnegie Mellon University. The goal is to define the specific business processes required for effective EDM, measured against best practice and quantified by level of maturity.
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January 2009
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Data Maturity White Paper
EDM Council member Lakefront Data Ventures has produced a paper on data management maturity. They are part of the Council’s working group on DMM. The Council is grateful to LDV for being willing to contribute their work for the benefit of our membership and industry at large.
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