The Centralized Data Repository (CDR) setup for asset management firms acts as the foundation for the data management initiatives. This is the first step towards achieving a single source of truth and eliminating siloed operations.
The next step is to ensure the quality of the data (that will be stored and managed in the CDR) meets the desired standards. For this purpose, data profiling is critical. Data is profiled in terms of its attributes, patterns, and functional dependencies, which in turn is analysed to create the business rules engine.