Risks and Challenges of Leading Reference Data Professionals – Industry Report 2014

This benchmarking industry report (conducting with over 50 leading reference data professionals)  clearly demonstrates the rising importance being placed on data quality, which is not surprising given that improved data quality increases operational efficiency as data managers have to spend less time fixing the data.

With this report, we further evaluate current needs, risks and opportunities for institutions and reference data professionals. Some of the key findings include:

• Data quality is the top priority for reference data professionals with regards to their data governance
• Nearly 50% of organisations now have a CDO
• The main basis cited for changing the current data governance platform is ‘to adapt to changing business needs’
• The top business driver, affecting respondent’s data management strategy, was ‘improving data quality’

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