Financial institution established an enterprise data governance program to better manage their data platform
Financial institution undergoes assessment of current state data strategy practices to better manage their data platform through a data governance initiative. Read this case study to learn more.
Client background
This financial institution is one of the largest federal home loan banks in the nation and represents multiple states, with the goal of supporting mortgage lending and community investment in their area. They provide access to billions of dollars in low-cost funding to hundreds of banks, credit unions, insurance companies and community development financial institutions.
The business challenge
Being one of the first financial institutions to go all in on Amazon Web Services (AWS) in 2015, this company embraced cloud data analytics early on. However, as they continued to innovate and leverage more advanced technologies, they struggled to unite the platform across 20-25 operational source systems and align the business vision and IT execution. They identified a need to better manage their data platform through a data governance initiative and turned to Baker Tilly to help address these challenges.
Strategy and solution
Baker Tilly worked with this company to establish an enterprise data governance program. This focused on creating a business-led, organizational framework for directing the data and analytics program and defining policies and processes to better manage data centralization, quality and security.
Through this program, Baker Tilly collaborated with the client to create:
- A data governance charter and organizational framework to execute on their governance road map
- Standard processes around data acquisition and curation to mature the data platform
- Centralized resources for data definition and discovery to increase data literacy and accessibility
- Data quality standards and architecture recommendations to maximize business value
Through the assessment of current state data strategy practices, identification of business goals and alignment to current data infrastructure, Baker Tilly uncovered opportunities for the client to standardize their approach and coordinate across business areas. As this client set the direction for their analytics road map, Baker Tilly coordinated with technical resources to ensure project feasibility and business impact.