Welcome to the first post on the Datasynthesis blog! Here you will find some regular updates and thoughts on data quality management, its application within financial markets and how we and our clients are getting on. After many years of working with different financial markets firms, we are convinced that the technological approach to data management needs to change. The costs and complexities of managing, accessing and maintaining typical data architecture are not sustainable. And whilst we would acknowledge that technology is only part of your ultimate success story, it is also a key foundation that if done right can only accelerate what you and your business can do.
So, what kinds of things are we going to be talking about? If you are business user of data, then we hope that some of our ideas on the importance of data quality, pro-active data governance and real-time data quality will be of interest. And we hope to show you many things that you can’t see anywhere else, like being able to talk to your data quality technology (it can actually be quite fun, so long as you want to talk about your data!). Obviously, regulatory updates will play their part, but in addition to data compliance we hope to show how better data quality management can translate into greatly reduced costs and increased profitability. The data-driven business and digital transformation are phrases that are used too indiscriminately in our view, but if you are serious about making a change then we believe we can help.
If you are technology user of data, then in relation to data architecture we hope that some of our ideas can at least show you a migration path away from the spaghetti-like data architectures that many of you are currently having to administer, maintain and develop against. We believe that typical fixed workload, fixed use-case data tools are a hindrance to achieving a more productive data architecture that can accelerate your development deliveries. In such an architecture, data, rule and transformation definitions are all available at an enterprise level through service catalogs, rather than contained separately in the many and diverse system silos found in more typical architecture. We will also be talking about the technology we use to achieve this, so those of you who are interested in such topics as serverless architecture, cloud-native design and open source data technologies will have something to keep you thinking.
Anyway, signing off for this post and look forward to speaking with you again soon!