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How Important is Data Governance from a Business Perspective? Quantzig’s Recent Success Story Reveals the Benefits of Deploying a Data Governance Framework

March 20, 2019
Implementing a Data Governance Framework for a Leading Financial Conglomerate (Graphic: Business Wire)

LONDON--(BUSINESS WIRE)--Mar 20, 2019--A global data analytics and advisory firm, Quantzig, that delivers actionable analytics solutions to resolve complex business problems has announced the completion of their latest engagement during the course of which they implemented a data governance framework for a leading financial conglomerate headquartered in Europe. To help the client address their key challenges, the analytics experts worked closely with their team and developed a data governance framework that helped them to address the issues arising due to a siloed data environment.

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Implementing a Data Governance Framework for a Leading Financial Conglomerate (Graphic: Business Wire)

The growing competition and the unrelenting pressures from non-traditional banking service providers is a major factor that is driving banks to transform themselves digitally by deploying an effective data governance framework. But to completely transform, banks have to first adopt the key data management trends and tackle the key challenges. As such, banks have realized the importance of a robust data governance framework that helps in ensuring the quality of data while monitoring the data management infrastructure.

The Business Problem : The client is a leading banking and financial services provider based out of Western Europe with revenues in excess of £20 million and more than 30,000 employees. The banking services provider found itself grappling with multiple regulatory compliance and data governance issues. As such, the banking firm was striving hard to drive data governance and data analysis across its enterprise. The client approached Quantzig to leverage its data analytics expertise and implement a data governance framework that would help them address their challenges.

An effective data governance framework can help banking service providers to monitor data and effectively draw insights that help transform the business model. Get in touch with our experts for more insights.

“Most of the data quality issues faced by banking firms result from poor data governance processes, lack of well-planned tactical solutions, and weak data governance frameworks governing the data management system,” says an analytics expert from Quantzig.

The Solution Offered : The lack of a dynamic enterprise data governance framework prevented the client from addressing the myriad regulatory needs to facilitate regulatory reporting. Hence, we collaborated with their team and devised a data governance framework that not only aided them in addressing the compliance issue but also helped them to save a significant sum.

This success story is a typical example of how data governance frameworks can help banks to manage and monitor the vast datasets. Request a free proposal to know more about the benefits of deploying a data governance framework.

Quantzig’s data governance solutions helped the client to:

  • Gain rigorous control over real-time data sets
  • Prepare and validate risk reports
  • Request a free demo to know how a robust data governance framework can help you gain a competitive advantage.

Quantzig’s data governance solutions offered predictive insights on:

  • Finding pragmatic and efficient ways to iteratively build the required data governance model
  • Reducing data silos
  • Don’t you feel a robust data governance framework is the need of the hour? Request for more information now!

About Quantzig

Quantzig is a global analytics and advisory firm with offices in the US, UK, Canada, China, and India. For more than 15 years, we have assisted our clients across the globe with end-to-end data modeling capabilities to leverage analytics for prudent decision making. Today, our firm consists of 120+ clients, including 45 Fortune 500 companies. For more information on our engagement policies and pricing plans, visit:https://www.quantzig.com/request-for-proposal

View source version on businesswire.com:https://www.businesswire.com/news/home/20190320005436/en/

CONTACT: Quantzig

Anirban Choudhury

Marketing Manager

US: +1 630 538 7144

UK: +44 208 629 1455

https://www.quantzig.com/contact-us

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT PROFESSIONAL SERVICES BANKING

SOURCE: Quantzig

Copyright Business Wire 2019.

PUB: 03/20/2019 09:30 AM/DISC: 03/20/2019 09:30 AM

http://www.businesswire.com/news/home/20190320005436/en