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Invite colleaguesHow to build scalability into the design and implementation of an enterprise data framework
Abstract
This paper begins by discussing the need to actively manage data as a valuable enterprise asset. It explores what an enterprise data framework (EDF) looks like, before identifying the elements that are key to creating scalability. These are: 1) speaking the language of the executive and gaining longterm investment and continued support; and 2) designing-in scalability through understanding the landscape, hooking into existing practices, ensuring the right data ownership, roles and responsibilities, avoiding the fool’s path by designing-in flexibility, and having strong triage processes. The paper then acknowledges that scalability is only possible through successful adoption of the framework. The paper finishes by examining who leads the implementation and what a successful chief data officer (CDO) looks like, how the creation of a movement is essential and how key culture is. It concludes that implementing an EDF into a live commercial environment is a matter of iterations and that moving through the maturity curve requires adaptability and resilience by not just the framework but also the CDO and the data function. Three guiding principles are identified: 1) relevance; 2) impact; and 3) being a good ancestor.
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Author's Biography
Sally Bashuan is an Executive Director and Head of Data Governance at Federated Hermes, a global leader in active responsible investment and pioneer in sustainability with over US$700bn in assets under management. She is an Advisory Board member at Be the Business, a government- backed not-for-profit supporting small to medium-sized UK-based businesses to increase their productivity and performance. She holds a Master’s in legal practice and has over 20 years’ experience in the global financial services industry. Prior to joining Federated Hermes, Sally was the Head of Data and Analytics, Real Assets at Aviva Investors. She has a wealth of corporate governance and data experience, having also held senior roles in operations, audit/ financial crime and technology.