Improving Data Governance Through Automated Processes in Financial Services
Improving Data Governance Through Automated Processes in Financial Services
Srujana Manigonda
2023 · DOI: 10.47363/jesmr/2023(4)e109
0 Citations
TLDR
The benefits of automation in enhancing efficiency, scalability, and sustainability of data governance frameworks are highlighted, offering valuable insights for financial services organizations looking to strengthen their data governance practices in an increasingly data-driven regulatory environment.
Abstract
Data governance plays a crucial role in ensuring compliance, managing risks, and maintaining operational efficiency in the financial services industry.
However, managing large volumes of data and adhering to strict regulatory requirements can be challenging. This paper explores the impact ofautomating data governance processes to address these challenges. By leveraging automated pipelines for metadata validation, ownership management,and data quality checks, financial institutions can significantly reduce manual intervention, improve data accuracy, and ensure consistent compliancewith governance policies. Additionally, the implementation of centralized dashboards for real-time monitoring of data governance metrics enhancestransparency, accountability, and decision-making. The paper highlights the benefits of automation in enhancing efficiency, scalability, and sustainabilityof data governance frameworks, offering valuable insights for financial services organizations looking to strengthen their data governance practices in anincreasingly data-driven regulatory environment.