EDM Council launches Cloud Data Management Capabilities Framework to Ensure Trusted Best Practices for Accelerating Cloud
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
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