Data diamonds: mining a wealth of value from BMO’s metadata
High-quality, discoverable, accessible and secure data is foundational to building a digital first, future-ready bank. That’s why BMO has streamlined the discovery of data across the bank with our latest innovation: Data & Analytics Marketplace.
Designed as a single platform experience, BMO’s Data & Analytics Marketplace allows employees to easily and securely discover and request access to quality data from BMO’s Enterprise Data Catalog, as well as the bank’s data and analytics ecosystem. Underpinned by a leading data access governance framework, the platform safely and inventively puts critical information at employees’ fingertips. Employees are now empowered with a variety of data from anywhere in the organization, regardless of where it resides––in the cloud or on-premises.
“We are in an information revolution, and it’s driven by analytics. It’s essential that our teams have a full picture understanding of our data and are enabled to use it with appropriate guardrails that simultaneously mitigate risk and enable interoperability across all facets of our organization.”
– Cody McGee
BMO Marketplace Director
BMO’s Enterprise Data and Analytics team and analytics partners across the bank identified value in building a marketplace offering. The result was a cloud-native, Agile-developed product that provides employees with accurate and trusted information. The data and analytics ecosystem will ensure that data products developed across the enterprise are discoverable and reusable with appropriate controls in place, making Data & Analytics Marketplace a one-stop shop for our data and analytics consumers.
Today, BMO colleagues can seamlessly search, understand and evaluate the bank’s metadata. As the platform evolves, many integrations are planned, like creating and managing cloud-based analytics projects – further empowering our colleagues to collaborate while leveraging powerful tools for AI and machine learning.
“Having a comprehensive and robust data and analytics ecosystem supported by strong data and analytics practices and risk management is critical. It ensures that we keep step with the accelerated pace of technology and increasing demands for personalized products and services and remain competitive––all while protecting our clients and colleagues.”
– Lindsay Black
Managing Director, Data & Analytics Strategic Initiatives
