PR91956

NEW YORK, Sept. 29, 2021 /PRNewswire=KYODO JBN/ --

  -- CDMC is a comprehensive assessment and certification framework,

     encompassing business, operations, and technology best practices for cloud

     data management

  -- Groundbreaking new industry framework, collaboratively developed with over

     100 industry-leading companies including AWS, Google Cloud, IBM Cloud, and

     Microsoft Azure

  -- CDMC incorporates 14 Key Automated Controls for protecting sensitive data

EDM Council, a cross-industry trade association for data management and

analytics, has published the Cloud Data Management Capabilities (CDMC)

framework for managing data in the Cloud. The CDMC framework, available for all

industries, represents a comprehensive set of cloud data management

capabilities, standards and best practices for cloud, multi-cloud and

hybrid-cloud implementations, incorporating automated key controls for

protecting sensitive data.

The CDMC framework was developed over the last 18 months by EDM Council's CDMC

Workgroup, with participation from leading financial industry firms,

consultancies and technology companies, including Amazon Web Services (AWS),

Google Cloud, IBM and Microsoft. It is chaired by Morgan Stanley and LSEG, with

project management provided by Capco.

The CDMC framework is composed of six components, 14 capabilities and 37

sub-capabilities that allow companies across all industries to effectively

manage their cloud environments. The six components encompass data governance

and accountability, cataloguing and classification, data accessibility and

usage, data protection and privacy, data lifecycle, and technical architecture.

"As the Cloud increasingly becomes a foundational component of emerging

business models, the CDMC framework will be a valuable resource for accessing

comprehensive and up-to-date best practices for data management, not only in

the financial services segment but across all industries. AWS is proud to have

contributed to the development of the framework and looks forward to continuing

to support this collaborative effort," said Scott Mullins, Director, Worldwide

Business Development, Financial Services at Amazon Web Services.

"Cloud acceleration has skyrocketed as companies of all sizes and industries

become more reliant on data to drive transformation," said Evren Eryurek,

Director of Product Management for Data Analytics at Google Cloud. "The speed

at which businesses are able to respond to change is the difference between

those that successfully navigate the future and those that get left behind. The

CDMC framework is going to be a tremendous resource for companies as they

continue to accelerate their digital transformation and reimagine their

business through effectively leveraging the power of real-time data."

"A critical next hurdle for the global financial services industry is the

adoption of a standard set of best practices regarding the management of data

in multi-cloud environments, particularly controls to protect data privacy and

to comply with regulations. The dramatic rise of cybercrime combined with

increased scrutiny from regulators on financial institutions, as stewards of

their clients' most sensitive data, makes a compelling case for significant

investment and coordination in this space," said Rajiv Chodhari, Vice President

and Financial Services Data & AI CTO at IBM. "The EDM Council has taken an

important first step in aligning the financial services industry and its

partners on these issues."

"We are thrilled to join the EDM Council in celebrating the release of the CDMC

guidance to help the industry effectively manage data across cloud and hybrid

environments," said Mike Flasko, General Manager of Azure Data Governance

Platform at Microsoft. "We greatly appreciate the opportunity to partner with

everyone involved and are excited to see all the ways it will be used to

further data management across industries."

"The EDM Council is honored to have facilitated the development of the CDMC

framework to provide an auditable and certified cloud data management best

practice available as a free license for all industries," said John Bottega,

President of the EDM Council. "We're very excited to be releasing the CDMC

framework and appreciate the global industry efforts of everyone involved in

this 18-month initiative."

The CDMC framework is available as a free license to EDM Council members and

non-members.  For more information and to obtain a CDMC license, please visit

edmcouncil.org (https://c212.net/c/link/?t=0&l=en&o=3303976-1&h=2591102227&u=https%3A%2F%2Fedmcouncil.org%2F&a=edmcouncil.org).

About EDM Council

EDM Council is the global association created to elevate the practice of data

management and analytics as a business and operational priority. The Council is

the leading global advocate for the development and implementation of data

standards, best practices, and comprehensive training and certification

programs. With more than 250 member organizations globally from the Americas,

EMEA, and Asia, and more than 10,000 data management professionals as members,

EDM Council provides a venue for data professionals to interact, communicate,

and collaborate on the challenges and advances in data management and analytics

as critical organizational functions. For more, visit edmcouncil.org (https://c212.net/c/link/?t=0&l=en&o=3303976-1&h=2591102227&u=https%3A%2F%2Fedmcouncil.org%2F&a=edmcouncil.org) and follow us on LinkedIn (https://c212.net/c/link/?t=0&l=en&o=3303976-1&h=4001950161&u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2F11052555%2Fadmin%2F&a=LinkedIn) and Twitter (https://c212.net/c/link/?t=0&l=en&o=3303976-1&h=4072471032&u=https%3A%2F%2Ftwitter.com%2Fedmcouncil&a=Twitter).

Source - EDM Council

CONTACT: Paragon PR, For EDM Council, P.J. Kinsella, +1 973-255-7153,

pj@paragonpr.com