Data and Operations professionals are increasingly tasked with reducing operational risk while increasing efficiency. Yet officers and managers are asked to do more with less — such as pursuing new operating and data governance strategies even as resources for traditional cost centers are pared down and regulatory scrutiny is ramped up.
Clean, consistent machine-readable data is imperative for CDOs responsible for stewardship of data across their enterprise. You need to drive value by creating revenue-generating opportunities — and determining how data has been derived gives you transparency on the soundness of your strategies. Bloomberg supports the open-data space, firmly believing in the value of allowing clients to access data in the form they require and understand its composition. Consistent data improves efficiency and open data facilitates that consistency.