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The Fairmont Royal York


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Thursday, June 16, 2011

2:35 PM - 3:05 PM
Track: Data Governance Track: Sponsored by BroadStreet Data View Track

CASE STUDY: DATA GOVERNANCE AS A CATALYST FOR SUCCESSFUL BUSINESS TRANSFORMATION

Richard R. Lee, Director, Business Information Transformation Project (INFO) & Data Governance Office (DGO), INSURANCE CORPORATION OF BRITISH COLUMBIA
Farzin Ismail, Senior Manager – Risk Management Practice, DELOITTE

 

Establishing a Data Governance function/office is more than just addressing data quality issues across the enterprise. It can also act as a catalyst for successful business transformation, especially in respect to optimizing the balance between risk and strategic outcomes.  ICBC is early into its multi-phased transformation journey to move its business from a proprietary business model/processes and supporting applications to one that is industry standards-based (IAA) and COTS driven.

 

To insure success in these endeavors, we established a Data Governance organization early on (Council, Office, Functional Working Group, Stewards, etc.) to guide the management and optimization of information assets while transforming the world around them. In this time, ICBC has addressed the requirements of achieving a comprehensive Historical Record of the business, transitioning from a proprietary vocabulary to a standards-based one and embedding the cultural belief that “information is an asset, and all have a role in managing and optimizing these assets.” 

In this presentation, ICBC and Deloitte will discuss the approach and methodology, key strategic drivers, and results to date.

  • Selling the notion of Data Governance as a formalized decision-making framework for addressing business-driven decisions
  • Making “information is an asset” a reality as it is an interesting notion but hard concept to make real
  • Implementing a “light-touch” Data Governance model

 

 

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