Join the Community

22,077

Expert opinions

44,027

Total members

419

New members (last 30 days)

204

New opinions (last 30 days)

28,695

Total comments

Join Sign in

Ten steps to a maturity assessment driven Data Strategy, for your Bank

19 April 2020 Be the first to comment

Tejasvi Addagada

Tejasvi Addagada

Enterprise Data Head

Fortune 500 financial service provider

Here are ten steps to defining a data strategy based on a data capability maturity assessment, for a Financial Institution

Identify and Simplify Maturity models, and customize the yardstick as well as benchmarks based on local study and future organization strategy
Conduct workshop with leaders and grassroots to sensitize the assessment and questionnaires
Perform Individual interviews with specific stakeholder groups like PMO and Finance
Definitely required are two follow-ups to stakeholders for results on questions.
Analyze responses from stakeholders and stakeholder groups. A weighted average of responses gives a cumulative score for aspects like Data Quality and Architecture.
Publish Business Capability Maps, with capabilities - Gaps, Risk, Value, Outcome 6. Cascading Vision, Organization BSC to Data strategy
Map strategy to existing data capabilities and provisioning for new capabilities to reach the objective.
Sensitize the Data Strategy through Strategic Roadmap with everyone
Put an Operational roadmap for the immediate one year.
Sensitize Operational Roadmap by breaking down into projects and working groups.

External

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.

5236

Report

Share

Channels

/regulation & compliance /retail banking

Data Management 101

A community blog about data and how to manage it

109 opinions 22 members 01 August 2023

Comments: (0)

Tejasvi Addagada

Tejasvi Addagada

Enterprise Data Head

Fortune 500 financial service provider

Member since

02 Sep 2014

Location

Mumbai

Data Governance in the Age of AI: Why It’s the Key to Trust, Ethics, and Success

13 October

When to use Privacy Enhancing Technologies (PETs) vs. privacy management tools in Banks?

27 June

Are you confident in the quality of your data and its impact on your generative AI model insights?

22 February

Does data risk need to be managed actively through a data risk function?

09 December

Managing Data Quality is important to the success of digital driven Financial services

03 April

See all Opinions from Tejasvi

More expert opinions

Craig Ramsay Managing Director, Business Development Head, EMEA at Episode Six

Ledger-as-a-Service: an opportunity businesses can’t afford to ignore

10 hours 1

Priyanka Rao Content Strategist at Jupiter Money

The Power of Quality-at-Reasonable-Price Investing

17 hours

Zach Meyers Assistant Director at Centre for European Reform

Tackling scams requires a team effort – but the EU is on track to create a blame game

23 hours

Anton Roe CEO at MHR

Finance in 2025 – acting on the value of interconnecting and streamlined systems

27 November

See all opinions

External

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.

Join the Community

22,077

Expert opinions

44,027

Total members

419

New members (last 30 days)

204

New opinions (last 30 days)

28,695

Total comments

Trending

Alex Kreger Founder & CEO at UXDA

How Fintechs Build Digital Brands to Conquer the Banking Industry

27 November

Kathiravan Rajendran Associate Director of Marketing Operations at Macro Global

Is a Seamless Cross-Border Payment Future Possible?

25 November

Vitaliy Shtyrkin Chief Product Officer at B2BINPAY

Crypto Commission Models Redefined: Game Rules Change for Payment Platforms

22 November

Kunal Jhunjhunwala Founder at airpay payment services

How Cross-Border Payment Platforms Contribute to India's Global Trade Ambitions

22 November

Now Hiring