Actionable Strategies, a boutique consulting firm serving clients globally, released a data governance methodology designed to help clients rapidly create a data governance framework.

Actionable Strategies, a boutique consulting firm serving clients globally, released a data governance methodology designed to help clients rapidly create a data governance framework.

"Consultants from Actionable Strategies have formulated data governance programs for some of the largest and most complex organizations in the world. By distilling the best practices into a governance methodology, we enable our clients to rapidly achieve an auditable, scalable and optimized data governance program", explained Jeffrey Wu, CEO of Actionable Strategies. "Organizations that retrofit data governance onto master data management and critical data initiatives experience significant rework and unplanned costs. We help our clients avoid wasted effort and expense while creating an extensible foundation."

"Our initial work around Lean Master Data Management has been incrementally refined into an optimized approach applicable to a broad base of clients", stated Actionable Strategies Practice Director of Business Intelligence and Enterprise Integration. "With the complexity of regulatory and operational issues related to enterprise data governance, an adaptive approach that delivers frequent business value is truly warranted."

The resulting data governance program will address master data creation processes, remediation, data quality management and auditing. Different processes are implemented based on customer profile since institutions differ from individual or retail customers. The offering is designed to help data owners, typically in operational organizations, with the support of IT and compliance. Financial services firms have sub-processes that include compliance concerns such as KYC, accredited investor verification and AML. Actionable Strategies has experience across asset classes including exotic and illiquid instruments, which is especially useful to clients responsible for enterprise data initiatives. Firms with globally distributed operations, outsourced functions or complex business processes can realize the greatest benefits.