What is data and what does it look like? You could be a bank looking to define what is in the scope of Enterprise Data Management or a vendor looking to develop your services model; this question is key to defining your strategy, objectives and priorities. DMCS offers indepth expertise across both market and reference data so can provide a true enterprise data strategy. We can help you to define your strategy, set relevant and achievable objectives and continuously deliver against these objectives, whilst ultimately achieving your target state using tried and tested methods and industry best practices.
Most data management programmes struggle to attract and maintain investment funding – why invest when there is no competitive advantage or revenue generating opportunities? DMCS can help you to build a robust and compelling business case, defining real business benefits and outcomes to successfully attract and retain sponsorship and investment funding. We can also assist with selling the message successfully to your business, together with tips on tracking the benefits.
The industry agrees that data quality should be measured using these 7 key data dimensions: completeness, coverage, conformity, consistency, accuracy, duplication and timeliness. Extensive experience tells us that if you can measure it, you can manage it, but managing the quality of data through the whole supply chain is complex and requires buy-in from every link in the chain. DMCS can give you valuable insight into how to measure data using these dimensions, advice on available tooling and help with setting achievable targets and realising significant business benefit.
Well managed data is an enterprise asset. Improve the profile and value of the Data Management function by identifying the key roles and responsibilities related to data governance. DMCS can help you to shape your Data Governance framework, aligning to industry best practice, and advise you on how to maintain effective communications and efficient operational performance.
A well- defined Target Operating Model is more than just people, process and technology. DMCS have experience in developing and managing highly successful Data Management organisations for global, top tier institutions and vendors. Whether your preference is for a centralised or federated model or if you are considering shared services or any combination of offshoring/onshoring/near-shoring and/or outsourcing, DMCS has extensive practical experience and expertise and can help you to make the right choices and avoid the many pitfalls.
External reference data spend typically makes up at least 20pct of the total cost of ownership for data, whilst real-time market data costs continue to be a high focus area. DMCS can help you to identify significant savings and implement an effective vendor data management strategy to keep costs under control, whilst still receiving relevant and high quality data.
Market data costs continue to be a high cost item for firms, who are additionally struggling to identify what data is being used where – particularly in spreadsheets and applications. DMCS can undertake a full market data cost optimisation programme, with tried and tested methodology and tools (PPT attached to link to), enabling firms to achieve not only cost savings but ongoing policies and procedures to keep market data costs optimised on an ongoing basis.
Whether you are looking to set-up, scale-up, scale down, move, transform or integrate your data management operation, DMCS can advise and support you. Our Directors have extensive experience of successfully managing teams of up to 500 FTE globally across Operations, Technology, Change and Vendor Management.
Offshoring vs Outsourcing? Nearshore versus Farshore? Managed Services vs BPO ? What are the pro’s and con’s? What is the most cost and control effective? What are the least expensive but non-risky locations? Who are the providers in this space ? What are the benefits vs the risks ? What is success vs failure? Are there utilities available which will provide true industry benefit? DMCS have experience of all of these models, we have knowledge and relationships with many of the service providers and we can help you to choose the one that is right for your organisation.
DMCS have a network of highly experienced and professional data management associates, available on both an interim and advisory basis.