Becoming data-driven has been synonymous with success for many modern enterprises, yet this is not a trivial task. Still, this was the goal of Fifth Third Bank, headquartered in Cincinnati, Ohio. To transform into a data-driven company, Fifth Third Bank engaged in an enterprise data strategy initiative, leveraging data virtualization and logical data fabric.
Jonathan Paul, VP and Director of IT Data Governance at Fifth Third Bank, explains how the bank embarked on this journey, and tells of some of the dramatic benefits that the bank gained as a result.
You will learn:
- What was involved in each of the three pillars of the Fifth Third Bank enterprise data strategy: lean data governance, enterprise data management capabilities, and data ownership
- How data mesh design principles and self-service data capabilities were factored in the Fifth Third Bank enterprise data strategy
- The central role of data virtualization and logical data fabric in realizing the goals of the strategy
- How the modernized data infrastructure enabled by data virtualization and logical data fabric cut the time-to-value in half
- How Fifth Third Bank was able to better comply with regulations governing data management, to gain “regulatory excellence”