In most Financial Institutions, transactional data quality is quite good across the Enterprise, in that customers transactions are successfully processed.
However, the quality of informational data (Master Data), such as customer details, is typically not as good as desired. This is the ‘generic data governance issue’ that faces most organizations. In this series of posts, I will take this high level data governance issue to a lower level of detail.
This post is one of a series dealing with common Enterprise Wide Data Governance Issues. You can see the full list, together with the process for assessing the status of the issues in your Enterprise by clicking here: Data Governance Issue Assessment Process
Have you faced the above issue in your organisation, or while working with clients? What did you do to resolve it? Please share your experience by posting a comment – Thank you – Ken.