PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Vistar Communications

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Meta Byte Technologies Lists Out Potential Challenges with Traditional Data Governance Strategies - According to Meta Byte, the goal of data governance is to ensure quality, availability, integrity, security & crucially, the usability of data within an organisation; many banks today struggle in practice with traditional approache to data governance
Meta Byte Technologies Lists Out Potential Challenges with Traditional Data Governance Strategies

 

NewswireToday - /newswire/ - Dubai, UAE, United Arab Emirates, 2014/04/27 - According to Meta Byte, the goal of data governance is to ensure quality, availability, integrity, security & crucially, the usability of data within an organisation; many banks today struggle in practice with traditional approache to data governance.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering IT Services/Network Management Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Meta Byte Technologies, an execution-oriented, management and technology consulting firm based in Dubai, UAE, has said that there is an urgent growing need for data governance in banks in this region. The company states that banks today face a challenge in terms of organizational and regulatory changes. They are struggling to keep up with such changes and competitive market dynamics. Since they are built on data, data governance should be a critical business concern. They also have new ways of generating data and regularly add new data sources. Due to this, they frequently encounter a variety of data quality, accessibility and security challenges. This leads to a complete disconnect in between business and IT resulting in a lack of accountability. Thus, banks need a comprehensive data governance structure and a well-executed strategy which can enable business to be accountable and IT to be agile and make informed decisions whilst efficiently responding to business changes with appropriate authorizations. .

"Banks in the region have started realizing that the overwhelming amounts of data they are accumulating is unstructured in nature and have no insights in terms of where and who can access what. In order to gain these insights, the data needs to be transformed into information process that is comprehensive, consistent, correct and current. This challenge can very well be addressed through deployment of a data governance program that can allow banks to treat its data as a corporate asset by enforcing consistent definitions, rules, policies and procedures," explains Salil Dighe, the CEO of Meta Byte Technologies.

Over the past few months, Meta Byte Technologies has had dialogues with leading banks in the region. Through these interactions the company has been able to identify the worst practices and pitfalls banks need to avoid. “For one, data governance program is often perceived as just paying for Consultation services and adding employees to a governance committee. While that is a great first step, banks need to do more,” adds Dighe. “Banks need to create data definitions, business rules and KPIs to be used in their business processes, or they face not producing any business value from their data governance effort. Entitlements and compliance is then to be reviewed, with updates to these as and when the business needs change.”

The company clearly identified that the most prominent governance goal for Banks is the availability of reliable and accurate data for risk aggregation and reporting, including data accountability and traceability. They also find that although IT enables and reviews rules of Data Governance they are struggling to keep up with these processes manually. In addition, banks are realizing that data governance should not be an IT initiative. In order for a data governance program to be successful and sustainable, the mandate must come from the business, providing direction and steering the initiative, with IT objectives driving the plan for successful execution. IT then needs to have innovative approaches on how to reduce its own overhead and not be overwhelmed with business and helpdesk requests.

“We advise that organizations that are able to envision a disciplined data governance which encompasses people, processes, architecture and technology will be successful,” says Dighe. “Data governance should be automated within the corporate frame work,” says Dighe. ”Hence, Meta Byte Technologies uses its unique framework to work with banks in the region, in order to plan out a successful data governance strategy to help them draft a step-by-step approach to comply with their respective DG policies”

Dighe concludes “It is helpful to visualize the data governance structure as a comprehensive framework that rests on four pillars: the collection, management, protection, and delivery of critical data. These four components will form the foundation for an effective data governance model for banks to reduce operational risk and costs, and improve controls and compliance, along with the ability to leverage data as a true critical asset and deliver real business value. "

About Meta Byte Technologies
Meta Byte Technologies is next generation technology consulting company, offering best of the breed business and technology services to deliver world class solutions to its customers spread across various geographies.

Headquartered in Dubai Internet City, the hub of Technology in the Middle East, Meta Byte Technologies is led by set of professionals with decades of industry experience and is well equipped with market knowledge, technical skill-sets, innovative thinking, as well as dedicated support team in association with technology innovators to deliver value for its customers hailing from various parts of world.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering IT Services/Network Management Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Vistar Communications

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
IT Services/Network Management articles,
CATCH Visitors via Your Competitors Announcements!


Meta Byte Technologies Lists Out Potential Challenges with Traditional Data Governance Strategies

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Sanjeev Kant - Vistarmea.com 
+971 4 420 1517 sanjeev[.]vistarmea.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Vistar Communications securities in any jurisdiction including any other companies listed or named in this release.

IT Services/Network Management via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Vistar Communications / Company Profile


Read IT Services/Network Management Most Recent Related Newswires:

IRON Deploys ADVA FSP 3000 in R&E Network for Cost-Efficient Scalability and Ease of Use
Telophase Announces Formation of Executive Advisory Board
Turbonomic Named to Forbes 2017 Cloud 100 List
Infosys Strengthens its Partnership with Udacity to Enhance and Amplify the Learning Capabilities of its New Hires
A10 Earns Accolades from Frost & Sullivan for its Comprehensive and Adaptable Application Delivery Controller Technology Product Line, Thunder ADC
Active.AI Joins Infosys Finacle’s Growing FinTech Ecosystem
UCAR Deploys ADVA FSP 3000 CloudConnect™ Solution in Supercomputing Network
Evolve IP Announces Comprehensive Solution for Multichannel Contact Center Management
RightITnow Introduces Major New Features with Latest ECM 4.6
Global High Density Racks Market Revenue Growth Predicted by 2026 Says PMR
ISYX Technologies Wins Cisco Emerging Partner of the Year Award
FarEye Wins Prestigious World Post & Parcel Award in The Technology Category
AXILSPOT Announces Availability of ASW120 In-wall Wireless Access Point in the Middle East and Africa
Thales Forges Ahead in Digital Technologies
Frost & Sullivan Recognizes A10 Networks for Technology Leadership in China Application Delivery Controller Market

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  MagLar, Inc.

Visit  JobsWare.com





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)