08 Apr The Magic of Data Lineage – Making regulatory data the best available business information
In the financial services sector, the key driver of Data Lineage — the crucial ability to know where data came from, track it through various systems and learn how it changes as it moves through systems — has been the Regulatory Reporting environment. With the number and diversity of sources, the astounding number of data items and the complexity of systems, Data Lineage analysis has always been a daunting challenge.
But there is also magic to this challenge.
Making regulatory data available to the business eliminates the need for business units to collect and review data that regulatory and compliance functions have already gathered and reviewed for quality. The regulatory challenges of tracking data lineage have actually turned regulatory data into a wealth of quality information that can drive growth and create business value.