THADI MURALI | Principal Consultant, Capco
RISHI SANGHAVI | Senior Consultant, Capco
SANDEEP VISHNU | Partner, Capco
Data and information lifecycle management challenges in a financial services organization (FSO) can be daunting, especially when they relate to data security, integrity, or availability. Large FSOs recognize this and are willing to make investments to address IT cyber risk, data management, and data governance, specifically when the payoff is clearly articulated. In a world of big data, current techniques for information risk and control assessment fall woefully short as they do not provide adequate visibility around data nor do they assist the business in decision making. Data lineage can fill this gap. Thus far, data lineage has largely been directed towards regulatory initiatives focused on risk and finance. However, the broader business use of data lineage is relatively unexplored, in part due to a lack of industry standards or methodologies to guide organizations to realize the full potential of data lineage. This article explores how data lineage standards and patterns can drive substantial value beyond regulatory compliance by holistically considering control optimization and cost reduction.