The document discusses implementing a lean approach to data quality management using the x88 Pandora tool, addressing the need for effective data quality assessment and governance. It highlights challenges, results, and the pilot project's outcomes, including significant improvements in data quality and reduced maintenance costs. The emphasis is on creating a competency center in data quality management and fostering positive attitudes towards data quality practices.

1. The Great Data Debate –
Do data quality dimensions have a place in
assessing data quality?
DAMA UK/ BCS Data Management Specialist Group – 20th June 2013

2. Implementing a lean approach to Data Quality
Management using X88 Pandora
04
James Phare, Data to Value Ltd

3. James Phare
Managing Director – Data toValue Ltd.
James.phare@datatovalue.co.uk
www.datatovalue.co.uk
Mark Hodson
Director – X88 Software Ltd.
mark@x88.com
www.x88.com
Implementing a lean approach
to Data Quality Management
using X88 Pandora.

4. Data toValue Ltd, 42-44 Bishopsgate, London EC2N 4AH
www.datatovalue.co.uk
Introduction
Background:
- The role.
- The company.
- The Information Management Strategy & Vision.
Motivation for looking at DQ tools:
- Infrastructure implemented – where's the insight?
- Difficulty knowing scale of DQ problems.
- Regulatory, reputational & legal drivers.
- Siloed tools & approaches.
- Cost & complexity.

5. Data toValue Ltd, 42-44 Bishopsgate, London EC2N 4AH
www.datatovalue.co.uk
Introduction – cont.
Data Quality Tools market growth – what's all the fuss
about?
Due diligence process.
Common features across tools:
- Industrial strength DQ features.
- Some tailored for key requirements (AML, CDI etc).
- Specialised rather than commodity tools.
Principal Concern....?

6. Data toValue Ltd, 42-44 Bishopsgate, London EC2N 4AH
www.datatovalue.co.uk
Aren't we supposed to be moving responsibility for Data out of the
basement?!

7. Data toValue Ltd, 42-44 Bishopsgate, London EC2N 4AH
www.datatovalue.co.uk
Progression to selecting Pandora
- Extremely intuitive for non technical users.
- Performance & Flexibility.
- Easy to measure, quantify & analyse results.
- Powerful presentation capabilities.
- Suited our Lean approach to Information Management.

8. Data toValue Ltd, 42-44 Bishopsgate, London EC2N 4AH
www.datatovalue.co.uk
The implementation plan
Focus on financial Master Data sets:
– Products (Investment Funds).
– Investors.
– Counterparties.
– Suppliers.
– Securities.
Data governance plans
– Pandora 'power users' working closely with data stewards
in respective business areas.
Desire for a competency centre in DQ Management.

9. Data toValue Ltd, 42-44 Bishopsgate, London EC2N 4AH
www.datatovalue.co.uk
The Pilot project – Product Data
A baptism of fire!
- Remodelling & documenting.
- Data Migrations & Integration.
- Matching, de-duping, Standardising &
Cleansing.
- DQ Scorecards & KPIs.
The Challenges:
- Triaging root cause issues.
- Communicating progress to senior stakeholders.
- Managing expectations & 'public relations'.
The results?
- Huge step change in investor experience – website, reports etc.
- Improved decision making.
- Reductions in operational, regulatory & reputational risk.
- 60% reduction in data maintenance requirement.
- Other reductions in cost & complexity.
Simultaneously!

10. Data toValue Ltd, 42-44 Bishopsgate, London EC2N 4AH
www.datatovalue.co.uk
Tailored presentation of results:
Monthly Scorecards with
dimensions
Daily Key Performance
Indicators (KPIs)
80%
85%
90%
95%
100%
Integrity
Completeness
UniquenessConsistency
Conformity
75%
80%
85%
90%
95%
100%
May June July August
Overall Quality Completeness Consistency
Conformity Uniqueness Integrity
-
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
90,000
100,000
May June July August Dept A Dept B Dept C Dept D
Data Quality Scorecard – Product Data May 2013
Commentary:
- Data coverage of priority field
A increased from 30% to 80%.
- Tier 1 incidents down 30%
- Data Dependency X now live.
- Data Maintenance
requirement reduced by 30%
over 3 months to date.
- 2 additional power users
trained in DQ tool.
- 2 additional Data Stewards
within Product Master Data Set.
Status =
Green
May DQ dimensions
Latest dependenciesData Maintenance activity
Monthly DQ dimensions
Aimed at:
- Sponsors.
- Decision Makers.
Aimed at:
- Data Practitioners.
- Highly dependent stakeholders.

11. Data toValue Ltd, 42-44 Bishopsgate, London EC2N 4AH
www.datatovalue.co.uk
Wider outcomes
- Significantly changed attitudes towards Data Quality
Management.
- Creation of a DQ Competency centre through delivery,
not drafting business cases.
- Human Capital development.
- Pandora became viewed as an essential tool for
Enterprise Data Quality Management & 'data' aspects of
projects.

12. Data toValue Ltd, 42-44 Bishopsgate, London EC2N 4AH
www.datatovalue.co.uk
How can I start? + Product demonstration
Product Demonstration
Tips:
- No better time to start tackling DQ than now if you
possess the right tools.
- Start with smaller, high priority issues & progress
towards enterprise view.
- Think & Act LEAN – Iterations, small batches, well
defined components of work...
Interested in more?
- Download the free tool....
- Data to Value offer a range of Lean IM services....

13. Data toValue Ltd, 42-44 Bishopsgate, London EC2N 4AH
www.datatovalue.co.uk
Questions?