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Risk Management: Understanding The Data Management Challenge
Ovum, Nov 2009, Pages: 6
September’s high-profile G20 summit once again put risk management, as well as its sister disciplines, governance and compliance, at the forefront of the corporate agenda. In the aftermath of the financial crisis, it is clear that companies across all sectors need to rethink their approaches to risk management, as many feel that the oversight and lack of discipline had a role in triggering the financial meltdown. One of the biggest challenges that face organisations moving towards a better risk management framework involves understanding how to manage and exploit their data assets so they can govern, comply and manage risk in an appropriate, consistent and cost-efficient way. Investment in sound data management practices and technology, such as data quality and data governance, will be vital to the efforts.
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