Fitch Ratings catalogs data and shares knowledge with Dataedo

Fitch Ratings is a leading provider of credit ratings, commentary and research. Dedicated to providing value beyond the rating through independent and prospective credit opinions, Fitch Ratings offers global perspectives shaped by strong local market experience and credit market expertise. The additional context, perspective and insights we provide help investors to make important credit judgments with confidence.

Dataedo is a fantastic value. We jump started all of our Data Governance efforts using the tool. We documented key databases quickly and easily and published the information to our analyst community. The Dataedo team is dream to work with and very responsive.
Sandra Recca
Sr. Director, Data Governance, Structured Finance
Fitch Ratings, Inc.
Fitch Ratings
www.fitchratings.com
Industry: Finance / NRSRO
Location: New York, NY, United States
Employees: 2,500
Data Catalog:
  • Oracle – 1034 tables; 8 schemas
  • MySQL – 38 tables; 1 schema

Challenge

Like many companies, understanding of the data in the databases was not universally shared across the organization. Fully understanding the data took years and was a matter of “tribal” knowledge. Unfortunately, when a company is in that situation, even simple queries can take much longer to develop and can only be correctly written by a few persons, who are typically in Information Technology.

Solution

Dataedo is a very functional tool which assists us with basic and core Data Governance functions. The first step in Data Governance is democratizing the understanding of the data which is available in current systems. That is where the Dataedo solution comes in. Our Data Governance team documents our databases and publishes the materials to an intranet portal.

Results

Dataedo makes our work with data faster because people have a shared understanding of the data in our environment. Our Rating Analysts use the documentation to refine queries and as a base for development of ad hoc and topical research. This makes them more independent from IT and / or they are able to have faster turnarounds on requests because they are now able to specify the exact fields of interest.

The future

We are expanding our coverage of databases and schemas beyond just those databases which support Structured Finance deal performance reporting and analysis to all of Fitch Ratings. As a Data Governance team we are very excited about the release of a version with business glossary functionality and plan to leverage that in several key projects.

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