Recent Study: Risk management: understanding the data management challenge

PRLog (Press Release) - Feb. 27, 2010 - September's high-profile G20 summit once again put risk management, as well as its sister disciplines, governance and compliance, at the forefront of the corporate agenda. In the aftermath of the financial crisis, it is clear that companies across all sectors need to rethink their approaches to risk management, as many feel that the oversight and lack of discipline had a role in triggering the financial meltdown. One of the biggest challenges that face organisations moving towards a better risk management framework involves understanding how to manage and exploit their data assets so they can govern, comply and manage risk in an appropriate, consistent and cost-efficient way. Investment in sound data management practices and technology, such as data quality and data governance, will be vital to the efforts.

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Report Table of Contents:

Managing risk is key to business success
Failure of application, not discipline
Improving risk management practices beyond the financial sector
The data management challenge
Breaking down the silos remains the biggest obstacle
An integrated data management approach is essential for ERM
Steps towards an enterprise-wide 'risk' view
Maximising the value of data through data governance
Managing data quality is essential best practice; ignoring it is not
Technologies such as ETL, data quality and MDM are vital to efforts

About Ovum

Ovum fully understands convergence across telecoms, IT services and software. They invest heavily in researching what is happening in a market that is dynamic and full of risk and reward, analysing the changes and identify the threats and opportunities ahead for their clients. Ovum's team has extensive experience in the sector and is dedicated to 'getting closer' - to the industries they advise on, to the people they work for, and ultimately to the real issues determining how ICT markets behave. Ovum maintains a fluid, highly collaborative structure that brings the right range of expertise to each situation.  View more research from Ovum at http://www.fastmr.com/catalog/publishers.aspx?pubid=1006

About Fast Market Research

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