Digital Cloud Data & AI Security Industries Ecosystem Cont act Blog Tackle Data Challenges With Data Governance Implementation By Nilesh Sapar / Delivery Director, Financial Services / 20 October, 2021 Data is one of the most valuable assets of any modern organization. Voluminous data is a blessing as long as it is used to generate business insights. This further propels Explore Related Offerings AI-driven decision-making and forms the basis for formulating new Digit al Engineering business strategies. However, unattended data can quickly turn into a liability. Data brings along with itself the responsibility to manage, secure, maintain and continuously generate value. This Cloud & Inf rast ruct ure Dat a and AI prompts organizations to address the need for “Data Governance” which is Indust ry Expert ise core to their Data Architecture. According to Allied Market Research, the field of big data and business analytics is estimated to reach $684.12 billion by 2030. This is supplemented with a strong data and analytics strategy Related Content and an effective data governance implementation program. Having said that, organizations facing data challenges should get ETL and Data Pipeline - What's the Same and What's Not started with their governance program. But what are the various By Vaibhav Banavalikar | Technical Architect aspects of data governance and how can organizations cruise in Know More their governance journey? Here’s a quick read. A Well-Defined Data Governance Program Data governance needs to be a well-defined and organized Policy-based Data Remediation Framework For Enterprises process. Simply put, it is how effectively your organization manages all the internal and external data. This includes “data source” – “data cleanse” – “data convert” – “data enrich” as needed by your business. All this while optimizing the total cost of ownership of data and its associated ecosystem for your organization. In any data governance program, the primary task is to source relevant datasets. Re-engineer, enable data modernization, streamline and optimize data management processes and build relevant dashboards, performance indicators, and reports which can help in continuous improvement. With time, the data ecosystem needs to adapt to changing technologies, growing data volumes and velocity, integrate with the newer organizational applications. It should also be flexible to provide data on-demand for new value-added projects in the organization. Engagements that utilize deeper technologies like Artificial Intelligence (AI), Machine Learning (ML), and so on. Expectations In Data Governance Implementation Having introduced implementing it is the a importance complex of and data governance, stretched task for organizations. Architecture, planning, and execution of a data governance program at an organization level need an experienced task force team. At Xoriant, our experienced technical team has implemented mission-critical data governance programs seamlessly for a gamut of clients. From our experience as a technology partner, the common expectations from customers in data governance implementation include: 1. Ownership of data governance program Featured Insights Whitepaper Case Study Aut Document T A Fort Online he Project omat T riple if ying Banking ion Management tPlay Aut he ofBanking omat Leasing fSolut or ISV ion ion f or Plat Product Leader Front a Applicat Leading f orm lines Aspires Opt ion Development Nort wit Migrat imizat hhImproved Better American ion From f or a Mort Insight Net Bank AWS work t ogage sMicrosof wit and hISV a More Securit t Unif y ied Webinar Dat a Source From Legacy t o LeadingWhitepaper Case Brochure Study Edge IDC Revit Xoriant Spot alizing t he - Winning light Power Ret - ail ofwit App wit hh AI Case Study Modernizat Secure Foundat St reamlined Dat ional aion Aut Warehouse Layers omatf ion or Migrat fSecurit or a Global ion y Shif & Workload Ret t ing ailLef Leader t and Brochure Management Shielding Rightwit h MS Azure X·CELERAT E Invoice Overview 2. Guidance in the right direction 3. Simplification of the overall process 4. Application of proven implementation methodologies Product Cloud Data Banking Microsoft Modernization & Application Application & Financial Platform Modernization Security Services Engineering Partner Digital Cloud Data Cyber Industries and and Security Engineering Ecosystem AI 5. Demonstration of incremental success Application Cloud Data Enterprise Hi-Tech AWS Engineering Consulting Security Development Services Strategy & Management Data Embrace From T he high-tech is digital D.R.E.A.M a complete treasure possibilities world to decisive trove cyber is converging of to resiliency insights outcomes an agile into that with cycle dynamic and security bring ofclient digital a Infrastructure 6. Ensuring a successful and sustainable data modernization ecosystems solution competitive assessment, success development - explore edge. of practices, products, our Withproven - aexplore engineering roadmap tools, impact how andto capability, everything industry inmanage driving this and connects Your cloud journey isn't the same as your peers. Application Cloud Data Identity Healthcare Snowflake Management Data & Access & Modernization Management Life Sciences Management Services program. under our leverage governance. through connections, services data, robust Twhere he weand outcome technology leverage ideas solutions and is AIa DNA, and collaboration proactive across advanced product multiple threat engineering analytics are sectors drivingUnderstanding where you are and implementing relevant Quality Cloud Data Managed Retail Databricks Analytics & Migration Engineering CPG Security &&Visualization Modernization Services footprint, where identification and new business every and byte and functions opportunities. dependable brings remediation value - tailored partner Over asposture the to three network. business specific besides decades, needs. evolves. cloud strategy or migration, or modernization, we help Outcomes, Andpartner Prioritization compliance Xoriant has developed adherence.a Objectives strong technology Experience Cloud Risk Manufacturing ServiceNow & Security Compliance T ransformation Services you capitalize Know More and thrive on the cloud. ecosystem includeswe world-leading technology Atthat Xoriant, work with client stakeholders, business users, Know More CloudOps Security GCP Operations & Data Center Centre Services Know More innovators. technology teams, operations teams, marketing, and customer rust Security support teams to get a holistic approach of Zero the Tbusiness Know More environment. We gather their pain points, new application requirements, improvements expected in the current system, etc. These include business-critical requirements, immediate burning issues, mandatory technology upgrades, replacing legacy technologies, the need for automation or integration, etc. We chart the outcomes and objectives – discuss, review, and prioritize By Shefali Vasave | Senior Content Writer Know More them with the client stakeholders – and draw the program charter for achieving these. Once the outcomes are finalized and the Digital Cloud Data & AI Security Industries Ecosystem objectives are prioritized, they will become input for the Data Governance program implementation plan. Below are common outcomes and objectives expected from a Data Governance program: Deep Data Discovery & Analysis The foundation of the program execution is the Discovery phase. In this, we plan a detailed study, understanding of the current data architecture including analysis, detailed documentation of the requirements. We identify the data owners and consumers, work with them to study each data source system in detail. We go through each of the data flows from its origination, till the data is consumed by the downstream applications or reports or data warehouses. The focus is to identify pain points such as integrity issues, quality issues, data redundancy, duplicity, missing master data standards, lack of data ownership, manual reconciliation, etc. Also, we gather detailed requirements from the users for the ‘tobe system’ to be developed. We provide an as-is data model along with a data dictionary of current systems, which many organizations don’t have documented. Sustainable, Extensible And Flexible Technology Platform Data governance programs can be built onto the existing technologies, or they can start with the new technology platform entirely. Many times, organizations start right away with data projects in pockets, but those initiatives are not brought together under one program. A common approach towards all such current and future data initiatives will help in establishing a uniform data platform in the organization. It will help to leverage common tools, technologies, and practices across the projects. On a single platform, it is easier to plan end-to-end automation, the exit of high-cost tools or databases, develop new integrated applications, etc. Common products like Ab Initio, Informatica, IBM InfoSphere, Talend are the main tools that are used. Alternatively, clients are also open to developing their own customized data management solution as per their needs. Nowadays, clients are considering open-source technologies which are scalable, high-performing, and cost-effective. Our approach is to establish a sustainable, extensible, and flexible technology platform for clients which will allow adding new projects, tools, technologies incrementally to it. Xoriant Data Accelerators Based on our experiences with multiple Data Governance program executions, we have developed ready-to-deploy data accelerators. These Xoriant data accelerators bring value addition across the program execution phases in terms of best practices, standardization, efficiency, productivity, quality, monitoring, and control. Data Governance Program Execution Methodology is our proven approach which is a guide for planning, execution, and monitoring the program from start to end. For each phase, it has all the details such as tasks, tools, team roles, quality gates, documentation and deliverables, reviews and sign-offs needed, etc. Xoriant’s Data Management Architects and subject matter experts apply their vast experience and industry best practices to facilitate solution architecture, technical designing, and overall platform delivery. Featured Insights Whitepaper Case Study Aut Document T A Fort Online he Project omat T riple if ying Banking ion Management tPlay Aut he ofBanking omat Leasing fSolut or ISV ion ion f or Plat Product Leader Front a Applicat Leading f orm lines Aspires Opt ion Development Nort wit Migrat imizat hhImproved Better American ion From f or a Mort Insight Net Bank AWS work t ogage sMicrosof wit and hISV a More Securit t Unif y ied Webinar Dat a Source From Legacy t o LeadingWhitepaper Case Brochure Study Edge IDC Revit Xoriant Spot alizing t he - Winning light Power Ret - ail ofwit App wit hh AI Case Study Modernizat Secure Foundat St reamlined Dat ional aion Aut Warehouse Layers omatf ion or Migrat fSecurit or a Global ion y Shif & Workload Ret t ing ailLef Leader t and Brochure Management Shielding Rightwit h MS Azure X·CELERAT E Invoice Overview Partner Digital Cloud Data Cyber Industries and and Security Engineering Ecosystem AI Data Embrace From T he high-tech is digital D.R.E.A.M a complete treasure possibilities world to decisive trove cyber is converging of to resiliency insights outcomes an agile into that with cycle dynamic and security bring ofclient digital a Infrastructure ecosystems solution competitive assessment, success development - explore edge. of practices, products, our Withproven - aexplore engineering roadmap tools, impact how andto capability, everything industry inmanage driving this and connects Your cloud journey isn't the same as your peers. under our leverage governance. through connections, services data, robust Twhere he weand outcome technology leverage ideas solutions and is AIa DNA, and collaboration proactive across advanced product multiple threat engineering analytics are sectors drivingUnderstanding where you are and implementing relevant footprint, where identification and new business every and byte and functions opportunities. dependable brings remediation value - tailored partner Over asposture the to three network. business specific besides decades, needs. evolves. cloud strategy or migration, or modernization, we help compliance Xoriant has developed adherence.a strong technology partner you capitalize Know More and thrive on the cloud. ecosystem that includes world-leading technology Know More Know More innovators. Know More Product Cloud Data Banking Microsoft Modernization & Application Application & Financial Platform Modernization Security Services Engineering Application Cloud Data Enterprise Hi-Tech AWS Engineering Consulting Security Development Services Strategy & Management Application Cloud Data Identity Healthcare Snowflake Management Data & Access & Modernization Management Life Sciences Management Services Quality Cloud Data Managed Retail Databricks Analytics & Migration Engineering CPG Security &&Visualization Modernization Services Experience Cloud Risk Manufacturing ServiceNow & Security Compliance T ransformation Services CloudOps Security GCP Operations & Data Center Centre Services Zero T rust Security Following Xoriant Frameworks and Platforms are available to clients to leverage the ready solutions: Cont act Data Ingestion Platform for rapid data ingestion from any to any data source. Digital Cloud Data & AI Security Industries Ecosystem Cont act Data Governance and Quality Platform data engineering and reference and master data management. Low Code Development Platform for rapid UI generation. Data Visualization Framework for pre-built visualization components to use. Data Science and Analytics Framework for ready modules/algorithms. Natural Language Processing Framework to extract data from documents, images. Our SDLC Accelerators bring in development productivity and efficiency with: DevOps Continuous Delivery Framework which is pluggable in any project. Performance Monitoring Platform for application performance monitoring. Quality Monitoring Framework for applications and infrastructure monitoring. Test Automation Framework for seamless frontend and backend testing. At Xoriant, we bring in our Detailed Questionnaires, Templates, and Utilities for each phase of the engagement. This ensures all the areas and details are covered as part of discovery, design, and development. Having sound experience and expertise in Bespoke Application Development can give you the advantage to get custom applications developed instead of using licensed tools. Some of Xoriant’s key solutions delivered to the client include Regulatory Reporting Application, Spark-based ETL Tool, Payments Message Processor, and so on. We continuously enhance and add new Xoriant Accelerators as we deliver more and more successful programs for our clients. By being a valuable partner with three decades of expertise across industry verticals, we ensure seamless delivery of Data Governance solutions. To know more about Xoriant Data Governance Program or to speak to Xoriant Data Governance SME about your data governance implementation requirements, write to info@xoriant.com Check out our related PDF: Data Governance Pillars Further Reading: Policy-based Data Remediation Framework For Enterprises View Previous Blog View Next Blog Get Started Think Tomorrow With Xoriant Business Career Everything Else Name Email Phone Company Message Is your digital roadmap adaptive to Generative AI, Hyper cloud, and Intelligent I agree to your privacy and cookie policies. Automation? 11 + 0 = Absolutely Yes Not Completely SUBMIT Subscribe to our Newsletter Enter Your Email SUBSCRIBE Services Quick Links Digital Industries Cloud Company Data Careers Security Contact Us 3+8= © 2024 - ALL RIGHT S RESERVED | T ERMS OF USE | COOKIE POLICY | PRIVACY POLICY | SIT EMAP | ET HICS