Financial Data Needs to be Decision-Ready | Nikolas Perrault

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FINAN C I A L D A T A NEEDS T O B E DECIS I O N - R E A D Y by nikolasperrault | Feb 11, 2021 | Blog, Nikolas Perrault, Technology

The one-size- ts-all centralized data governance model has run its course in the nancial industry. There is a need for a more e cient and that serves business better. Governance should be allowed to be distributed to data owners where appropriate, which would help the nance function optimize data to make decisions. Decision-readiness is much better than accuracy and precision because it is a much more consistent and complete process. If nancial data were made decision-ready, nancial governance principles would be adapted for non- nancial performance data. Decision-ready nancial data would bolster trust in internal reports because it would incorporate more intuitive data as well as highly-governed


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