How Important is Data Governance from a Business Perspective? Quantzig’s Recent Success Story Reveals the Benefits of Deploying a Data Governance Framework

A global data analytics and advisory firm, Quantzig, that delivers
actionable analytics solutions to resolve complex business problems has
announced the completion of their latest engagement during the
course of which they implemented
a data governance framework for a leading financial conglomerate
headquartered in Europe. To help the client address their key
challenges, the analytics experts worked closely with their team and
developed a data governance framework that helped them to address the
issues arising due to a siloed data environment.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20190320005436/en/

Implementing a Data Governance Framework for a Leading Financial Conglomerate (Graphic: Business Wire)

The growing competition and the unrelenting pressures from
non-traditional banking service providers is a major factor that is
driving banks to transform themselves digitally by deploying an
effective data governance framework. But to completely transform, banks
have to first adopt the key data management trends and tackle the key
challenges. As such, banks have realized the importance of a robust data
governance framework that helps in ensuring the quality of data while
monitoring the data management infrastructure.

The Business Problem: The
client is a leading banking and financial services provider based out of
Western Europe with revenues in excess of £20 million and more than
30,000 employees. The banking services provider found itself grappling
with multiple regulatory compliance and data governance issues. As such,
the banking firm was striving hard to drive data governance and data
analysis across its enterprise. The client approached Quantzig to
leverage its data analytics expertise and implement a data governance
framework that would help them address their challenges.

An effective data governance framework can help banking service
providers to monitor data and effectively draw insights that help
transform the business model. Get
in touch with our experts for more insights.

“Most of the data quality issues faced by banking firms result from
poor data governance processes, lack of well-planned tactical solutions,
and weak data governance frameworks governing the data management
system,” says an analytics expert from Quantzig.

The Solution Offered: The
lack of a dynamic enterprise data governance framework prevented the
client from addressing the myriad regulatory needs to facilitate
regulatory reporting. Hence, we collaborated with their team and devised
a data governance framework that not only aided them in addressing the
compliance issue but also helped them to save a significant sum.

This success story is a typical example of how data governance
frameworks can help banks to manage and monitor the vast datasets. Request
a free proposal to know more about the benefits of
deploying a data governance framework.

Quantzig's data governance solutions helped the
client to:

• Gain rigorous control over real-time data sets
• Prepare and validate risk reports
• Request
  a free demo to know how a robust data governance framework
  can help you gain a competitive advantage.

Quantzig's data governance solutions offered
predictive insights on:

• Finding pragmatic and efficient ways to iteratively build the required
  data governance model
• Reducing data silos
• Don’t you feel a robust data governance framework is the need of
  the hour? Request
  for more information now!

About Quantzig

Quantzig
is a global analytics and advisory firm with offices in the US, UK,
Canada, China, and India. For more than 15 years, we have assisted our
clients across the globe with end-to-end data modeling capabilities to
leverage analytics for prudent decision making. Today, our firm consists
of 120+ clients, including 45 Fortune 500 companies. For more
information on our engagement policies and pricing plans, visit: https://www.quantzig.com/request-for-proposal

View source version on businesswire.com: https://www.businesswire.com/news/home/20190320005436/en/