Convert data issues to prioritized opportunities based on preference in the demand management system. Control demand across enterprise wide business lines gaining results by setting up strategic data initiatives.
Design business data roadmaps with 'drag-n-drop' functionality, in line with strategic and tactical goals. It also provides choice of analytic reports with quarterly data views of initiatives and its progress.
Automatic selection of best fit Data Maturity Assessment templates that is customizable to suit enterprises. Open the myriad values through analytical tools to improve business through undiscovered insights enabling informed decisions.
Gain advantage of faster definition and management of enterprise data strategies to develop new solutions. Pre-defined industry standard data strategy templates reduce the time for readiness and customization.
Chief Data Officers (CDO) are looking at enterprise data in a new light as a strategic asset and assessing ways in which the data can be used to manage governance effectively. The role of CDO has become more important as well as complex with increased regulatory and compliance reporting demands.
CDOs spend their time on efforts resulting in up to several years and tens of millions of dollars of investments. The lack of a standard for enterprise data strategies is clearly causing issues industry wide, as organizations come across various dilemmas. These dilemmas are complex questions such as, “Should they explore and address more revenue generating mechanics, support the regulatory compliances or maintain a pace with evolving business transformation strategies?” “What type of data strategy fits a centralized organization vs. federated or distributed organization?” “How do we address the strategic priorities vs. tactical problems?” Every Chief Data Officer will experience these dilemmas in absence of a standard like CDOAssist.
Using CDOAssist, one can develop innovative business solutions by demand management, defining strategic data roadmaps, choice of data maturity assessment templates and quicker time to actions.
The Chief Data Officer has responsibilities towards all things to do with data as organizations have realized the importance of enterprise wide data. CDO’s are involved in helping business and technology domains to achieve common goals by ensuring accurate high quality enterprise wide data availability. CDOAssist manages data and controls demand helping to draw up strategic data system goals.
Create data roadmaps which will help in determining data policies and implementation between departments and lines of businesses. Data maturity assessment templates will help in standardizing data across multiple departments. These are customizable and help to gather data that can be used to drive analytics solutions that help to arrive at tactical decisions backed by sound data. Customized templates help to design data requirements according to each organization’s demand.
CDOAssist is a handy application designed and developed to support Chief Data Office functions. Chief Data Officers or Head of the Data and Analytics groups can leverage this application to quickly define and manage the enterprise data strategy, and related functions, a task that normally involves spending years of time and tens of millions of dollars, is simplified into a one-month template driven process, with software automating some of the banking industry’s most stringent reporting guidelines and assessments. Most importantly, it minimizes the risk of error because of its predefined industry standard templates.