But what are the risks if you don’t do it right?” said Vikram. And they are relying on the data team, us, to provision this data seamlessly so that the business can be run smoothly.” Designing a modern cloud ecosystem “The business is dependent on the delivery of this data, their innovation, their analytics, their predictive analysis needs this data. Their approach to designing and implementing a modern cloud native ecosystem solution involved three steps. At the core of designing a well-governed data lake is the requirement that the new data ecosystem will deliver ongoing relevance and value creation. It should drive creativity, innovation, and reduce the time to market for new products. The first requirement was alignment between the overarching organizational business objectives and those responsible for provisioning the data and implementing the data lake. “We refreshed our data strategy, to ensure it aligns with our divisional business objectives, and with the departmental mission of a cloud native data strategy, because we were heavy users of Collibra already,” said Vikram. And finally, we added integrations where we needed them so that the data pipelines are flowing smoothly and are optimized at every point.” Defining the data strategy “Next, we built the cloud onboarding solution with Collibra in the front. The foundational blocks to Freddie Mac’s data strategy were managing content, trusting the data source and empowering the business. Collibra plays key roles across all these foundational blocks. Collibra manages the content data about the data, using data quality scorecards and metrics for the data elements. This provides confidence that consumers can trust the data sources.Ĭollibra also empowers data users to find the data quickly through the data information platform.
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