PITTSBURGH - Thursday, May 29th 2014 [ME NewsWire]
New Framework, Supported by a Portfolio of Services, Designed to
Maximize the Value of Data While Strengthening the Collaboration between
Business and IT
Data Governance and Information Quality Conference
(BUSINESS
WIRE)-- CMMI® Institute today unveiled the Data Management Maturity
(DMM)™ model to enable organizations to improve data management
practices across the full spectrum of their business. The DMM model, as
the only reference model of its kind, provides organizations with a
standard set of best practices to build a unique roadmap aligning data
management strategy with individual business goals. The Data Management
Maturity Portfolio, which will include the DMM model and a full
complement of supporting services, will be available summer 2014.
The
accelerating influx of information in today’s business landscape
further challenges what is already a complex endeavor—building,
optimizing and controlling an organization’s data assets to ensure
timeliness, quality, shareability and fitness for business purposes.
Achieving these goals is critical to agile business operations and
fruitful data analytics, resulting in precisely targeted business
decisions.
“The companies that are able to leverage their
corporate data assets to the fullest are the companies that will
dominate in the current era of global business where information and
access reign supreme,” said Kirk Botula, CEO of CMMI Institute. “The DMM
model is a powerful accelerator for aligning the interests of lines of
business with IT to ensure that their critical data assets are
strengthened, well-managed, and better utilized to achieve business
goals. To date, over 150 individuals in early adopter organizations have
employed the DMM model to evaluate their capabilities, practice by
practice, work product by work product.”
The DMM model helps
organizations build a common terminology and shared understanding of how
their data assets need to be managed. Its successive capability levels
provide a clear path for improvement in 25 process areas reflecting all
the fundamental disciplines of data management. Throughout the
development of the DMM model, over 70 organizations have evaluated their
capabilities using the model. These early adopter organizations
including Microsoft, Fannie Mae, the Federal Reserve System Statistics
Function, Ontario Teachers’ Pension Plan and Freddie Mac reported
significant benefits from the use of the DMM model, including the
ability to galvanize organizational change by identifying and
implementing collaborative actionable initiatives.
Data Alignment
to Business Processes The DMM model was developed based on the
foundational principles of Capability Maturity Model Integration
(CMMI®)—a proven approach to performance improvement and the gold
standard of excellence in software and systems development for more than
20 years. Developed by CMMI Institute, with sponsors including Booz
Allen Hamilton, Lockheed Martin, Microsoft Corporation and Kingland
Systems, the DMM model was created with the contributions of data
management experts across multiple industries over the span of three and
a half years.
The DMM model is currently undergoing a peer
review by over 140 data management and CMMI experts. The model and a
full ecosystem of supporting services will be available to all
organizations and professionals during summer 2014. Components will
include:
Training and Certification: A full suite of
successive training classes, providing a certification path and
licensing, will be available for data management professionals. This
program provides data management experts the ability to facilitate
assessments against the DMM model and assist in implementing data
management best practices. Qualifications for certifications are equally
achievable by those who have line of business backgrounds as well as
those working in the IT/data management space.
Assessment Method:
A proven, facilitated evaluation method led by a DMM-certified
professional, which involves gathering a broad range of key stakeholders
to evaluate capabilities together. When used in conjunction with the
DMM model, this method allows an organization to quickly evaluate its
current state of data management maturity relative to key goals and
achieve actionable improvements, both strategic and tactical, to its
data management program.
Partner Program: CMMI Institute is
powered by a community of more than 400 partner organizations that are
guiding businesses in the successful use of the CMMI models. The DMM
model will be included as part of the CMMI Partner Program to help
partners evaluate and implement data management practices for
organizations around the world.
For those wishing to learn more
about the benefits of the DMM model, CMMI Institute will present a case
study with Fannie Mae highlighting the benefits realized by implementing
DMM at the Data Governance and Information Quality Conference on June
23 -27, 2014 in San Diego, CA.
About CMMI Institute CMMI
Institute, a subsidiary of Carnegie Mellon University, provides models,
training and consulting services and appraisal methods developed through
collaboration of industry, government, and academia. The company’s
models are used by organizations around the world to develop products,
to deliver services, and to manage data, people, and sourcing. To learn
more about how the DMM model can help your organization improve your
data management program, visit cmmiinstitute.com.
Contacts
Lois Paul and Partners
Brandi Ellerbee, 512-638-5327
Brandi_Ellerbee@lpp.com
Permalink: http://www.me-newswire.net/news/11125/en
No comments:
Post a Comment