Fifth Third Bank, a leading financial institution, recognized the potential of leveraging data as a strategic asset. They identified opportunities to scale their data management initiatives across the organization, unlocking further growth and innovation for their business. They needed a vendor to help them achieve this, so they turned to Ataccama for a solution.
They chose Ataccama because of recent remarkable progress, transitioning from a challenger to a leader in Gartner's Magic Quadrant for Data Quality Solutions. This recognition signaled Ataccama's credibility and reliability in the industry.
At the core of their use case was an alignment with the Enterprise Data Management Council's (EDMC) DCAM framework. By using Ataccama, they aimed to ensure that their most critical data assets adhered to stringent data quality standards. This involved implementing clear data quality checks that consistently measure their data's performance against predefined criteria.
How did the Ataccama platform Drive value?
- Enhanced Partnership: Ataccama facilitated better collaboration with lines of business and product owners across multiple domains and lines of business — this improved alignment and closely integrated data management initiatives with business objectives.
- Accurate and Consistent Data Quality Rules: Ataccama provided a centralized platform for defining and managing data quality rules, keeping data quality standards applied consistently across the organization.
- Key Insights: The Ataccama platform offered valuable insights into data quality metrics and performance, enabling Fifth Third Bank to identify areas for improvement and take proactive measures to address data quality issues.
- Reporting and Visualization: Ataccama's reporting and visualization capabilities enabled Fifth Third Bank to tell their data story effectively, providing stakeholders with clear insights into data quality metrics and facilitating informed decision-making.
Moving forward, Fifth Third Bank plans to take the following steps to enhance its data management capabilities with Ataccama further. They aim to establish a robust data quality engine powered by Ataccama's solutions. They also intend to centralize all data quality rules within the Ataccama platform. Finally, they hope to achieve universal data usability to ensure data remains accessible and usable across diverse systems and applications.
In conclusion, Fifth Third Bank's partnership with Ataccama underscores the importance of robust data management practices in driving organizational success. By choosing Ataccama's platform, Fifth Third Bank is poised to enhance data quality, improve decision-making, and unlock new opportunities for innovation and growth.
