The Data Governance Service
Monitor and Control Data Usage Throughout Your Firm
Many firms are struggling to govern an increasing volume of diverse benchmark and reference data — that is also growing in complexity:
- Firms must manage an increasing volume of data, with a diverse number of complex uses, from a growing number of originators
- Commercial pressures demand cost reductions and increased efficiency
- All stakeholders, including clients, data providers and regulators, are demanding greater data transparency
With the RIMES Data Governance Service (DGS), you can track data usage for all data managed by RIMES Managed Data Service (MDS) — from on boarding to decommissioning. RIMES DGS enables good data governance, helping you to comply with client reporting and regulatory obligations, in addition to supporting the effective management of data operations and monitoring the total cost of data.
RIMES DGS is built on a comprehensive Repository of meta-data collected at every stage of the RIMES data management workflow. This meta-data collected covers not just the actions undertaken to produce our data feeds, but also audits change requests and tracks support cases. With this Repository, we are able to provide a comprehensive set of reports through RIMES DGS Portal and also offer fit-for-purpose BI services.
How it Works
RIMES DGS supports all key elements of good data governance:
- Usage management – controls the acquisition of data, its use and decommissioning as needs change
- Management information – monitors and reports data use to support effective decision making and data governance programs
- Compliance management – ensures data use is in line with all guidelines and restrictions.
RIMES DGS helps you achieve a holistic view of your data. You’ll gain a robust platform to meet all stakeholder demands for transparency and control of data management activities, including:
- Detailed business intelligence for senior management — with reporting tools to analyze and manage data use as part of a data governance program
- Full inventory of all data feeds delivered
- Tighter cost management – you’ll align data acquisition and usage accurately with business needs
When you choose RIMES DGS, you’ll leave nothing to chance and have more time to spend managing clients and investments.