Align for Success: The Critical Part Data Quality Plays in Complex IT and Business Initiatives

Mike Bassett
Senior AML Manager, Global Anti-Money Laundering Automated Testing
Bank of America

Paul Woodlock
VP Business Solutions
Informatica Corporation

Wednesday 11:10am - 12:10pm

Level: All Levels

Poor data quality, accompanied by the lack of a comprehensive data quality management strategy, is a critical cause of failure or delay in Master Data Management (MDM) initiatives. Customer Data Integration, Product Information Management, and all types of MDM or reference data management projects rely on good quality, certified and aligned data assets, capable business processes, and consistent definition of terms that can meet the requirements of all business processes across all applications enterprise-wide. During this session you will learn the importance of visibility and planning with respect to data quality, and the key part it plays in the success of any complex application implementation program. You will also learn about the key elements of effective Data Quality Management in the most challenging application implementations and how these initiatives can be a key starting point for good data governance practices within your organization. A Bank of America case study will illustrate how these principles come into play with their work on anti-money laundering.

Mike Bassett is part of a team focused on automated controls, testing and reporting for enterprise data quality related to Anti-money laundering data and initiatives. He is responsible for developing automated data quality business rules as well as operational and management level reporting of data quality metrics. Prior to his 3 years managing AML compliance, Mike has 15 years experience as a Database Architect/Administrator managing large database applications in several areas including customer management and billing, supply chain logistics, payroll, and financial services.

Paul Woodlock is a business process and management expert with nearly 20 years experience in delivering business-focused information technology solutions to the manufacturing and financial services sectors. He has a deep understanding of data quality and works closely with many of Informatica's top customers to help them implement lasting and effective data quality management programs. Throughout his career Paul has focused on the intersection of business and technology - initially in delivering specialized applications for financial services clients. Throughout the '90s Paul managed the design and deployment of large multinational supply chain solutions in the US, Canada and Western Europe. Prior to joining Informatica Paul worked for a global consulting company where he was responsible for the delivery of data and information quality solutions for its clients.