EDM Council

The EDM Council is a not-for-profit business forum for financial institutions on topics related to Enterprise Data Management. It was created to enable senior officers responsible for data management to share information on the business strategies and practical implementation realities associated with effectively managing data assets on an enterprise-wide basis.[1]

Objectives

The Council has three core objectives:

  1. Global EDM Meeting Ground: Provide an efficient mechanism for members to meet and interact with their peers as well as be an advocate for the objectives of EDM in both public and private forums;
  2. Best Practices for EDM Implementation: Collect metrics, conduct research and document successful approaches/best practices to support the EDM execution objectives of members as they make the transition from managing data content on a business/data-silo (vertical) to an enterprise-wide (horizontal) basis; and
  3. Manage the EDM Supply Chain: Specify requirements to external suppliers (data manufacturing and commercial objectives) and implement the core identification standards necessary to integrate data content into applications, report to business units/regulators and efficiently exchange data among counterparties (symbology, taxonomy and classification objectives).

EDM Council establishment

The EDM Council was founded in 2005 by IBM, SunGard, and GoldenSource. Formed by over 20 C-level executives from corporate and investment banks, asset management companies, securities services firms and industry vendors, the Council is designed to create, enhance and sustain awareness of EDM as an urgent priority for the financial services industry [2]

References

  1. ↑ "EDM Council - About". Retrieved December 25, 2010.
  2. ↑ "IBM, SunGard And GoldenSource Launch EDM Council". Retrieved December 25, 2010.

External links