Standardising your processes, consolidating systems and removing all the manual work around data unlocks transparency across the front-to-back lifecycle of your data.
It’s impossible to control and audit – or even document – what happens in a spreadsheet. Often, you don’t even know these processes exist, despite them being a huge source of operational risk.
Having one platform where all your data processes live makes it possible to understand the entire journey it’s been on through your organisation. This is becoming increasingly important to regulators. Changes like the CFTC Rewrite and EMIR Refit placed emphasis on the need to be able to demonstrate adequate controls around your regulatory reporting data.
Also, because data automation relies on empowering business users through no-code technology, all the transformations and rules applied to data are clearly documented in plain English. Internal and external auditors can easily understand what’s happening to your data.
All this removes the need to resort to risk-laden manual processes, such as end-user computing (EUC) or end-user developed applications (EUDAs). These forms of shadow IT are easily avoided and entirely unnecessary thanks to the agility of a data automation platform.
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WHAT IS DATA AUTOMATION? OTHER BUSINESS BENEFITS OF DATA AUTOMATION
Operational efficiency
A data automation platform solves the core issue slowing operations functions down: a lack of trust in data. It does this by bringing all mission-critical data together in one place so you can standardise and consolidate processes across the business.
