The EDM Council has successfully completed its first data quality metrics pilot designed to help financial institutions create a fact-based data quality baseline in support of the business case for implementing enterprise data management (EDM) strategies and solutions. The Council presented the results of its metrics research at its London General Meeting earlier this month which confirmed significant variance in the consistency of data from systems that were used for fixed income trade confirmation.
Speaking to more than 20 financial institutions at Citigroup in London, the Council presented its metrics results as part of a brief on its key working group activities. In addition to business metrics, the Council also focuses on implementation best practices, supply chain management and the role of EDM in risk and compliance.
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