Finance
Data Management
Cloud Data Governance Implementation at Global Asset Manager
- One of the world’s largest independent asset managers, with $1.3T under management
Business Need
- Catalog large volumes of internal and external data, improving availability to fund managers, data scientists, and data analysts
- Semantic search for key indexes, index performance, fund performance, geographic, demographic, and market data
- Serve a broad group of stakeholders including Quants, data science teams, data stewards, and data management
- Centralize management of enterprise-wide “data dictionary”
Challenge
- Complex data environment across applications, cloud data lake (Hadoop), and databases including:
- 17 external datasets including uncategorized third-party data from sources such as MSCI, Bloomberg, and Federal Reserve
- 184 tables
- Overcoming product and client security and complexity infrastructure issues
- Changing client culture from an “ownership” model to a federated model
Solution & Results
- Installed, configured, and tested Informatica CDG across the enterprise
- Scanned and profiled all data and enabled technical metadata
- 200 data elements, 8.4M variables, 2.9B rows
- Enabled semantic search, estimated impact 13% profitability
- Simplified, automated search for related information, scanning all data sources without regard to format or location, reducing search time by 31%
- Business glossary productionized and adopted by 3 business lines
- Enabled client to track data lineage, perform data profiling, search data, and view data quality scores for a target quality increase of 28%