In an earlier blog we discussed below horizon risks that the CIO has to face and manage. These are largely unknown to the organization, at least until they get it totally wrong! In the cases where initiatives fail, often the reason isn’t the technology, but how well it is managed, and that leads back to project management.
This blog originally appeared on TabbFORUM.
The big push over the past few years has been the move to create enterprise Data Lakes to provide a “single source of the truth,” along with control, efficiency and responsiveness. This often is done in line with major efforts, particularly in:
- Risk, where it was aimed at creating a consistent basis to draw the self-reconciling views across market, credit and finance; and in
- Legacy consolidation & re-engineering efforts, where it was to remove the duplication of data and its maintenance as a part of a mop up and displace process.