Governance Helps Avoid Data Disconnect

Who should be responsible for data governance? Data duties have traditionally fallen to IT, but the business is held accountable for problems arising from poor data quality, says Ian Rowlands, senior director of product management at ASG Software Solutions.  Ann recently interviewed Rowlands:

All: Why is data governance so important?
Rowlands: There are three main drivers: one highly tactical, one highly strategic and one kind of in between. The tactical one is data quality. I am starting to chant a little mantra: “Data dictates decisions.” If you have bad data, you make bad decisions. That can be hugely significant, of course. That’s a pointer to the fact that data governance is a framework that can encompass a wide variety of different projects.

The second big driver is compliance. We’re seeing things like Basel II, which was a driver for the project we did with HSBC. (Editor’s note: ASG and its client HSBC were named co-winners of The Data Warehousing Institute’s Best Practice Award in the category of Data Governance. HSBC uses ASG-Rochade, a metadata repository that is implemented in 10 of the world’s 20 largest banks and at other companies worldwide as an enabling technology that manages information about data and systems across the enterprise.) But compliance is now almost everywhere you turn. Every industry has its own multi-initial nightmare, HIPA in the health care space, etc. If you sign for data knowing it hasn’t been adequately derived, you can wind up in a nice, orange suit. That to me fits between the tactical and strategic.

The very strategic driver is all about business agility. Very often data governance encompasses data integration and business transformation initiatives. Clearly if you have multiple instances of effectively the same information or you have people creating their own variants of the same information, it becomes very difficult to make business changes as rapidly as you’d like. A telecommunications company we worked with had difficulty changing rate plans because they had to rush around and change so much information before they could actually change the plan.

All: Is data governance getting a higher profile now that organizations are interested in using their data to do things like analyze customer behavior patterns?
Rowlands: That’s where you get to a really interesting phenomenon. There are a whole bunch of disciplinary and technical trends which play into the notion of data governance. At the disciplinary end, there are things like master data management, there are functional capabilities like CRM, which is kind of a subset of master data management. All of those drive toward a governance notion.

Then there is the shift of power from the IT organization to the business organization, particularly the interest in business glossaries and other semantic-related concerns. That gets to be interesting. We work with a health care organization, for instance, which is having great debates about what “length of stay” means for their organization. Is it the amount of time a patient spends in a bed or the amount of time the insurance company is prepared to pay? In the end, it’s a governance question.

At the technical end is the whole SOA phenomenon. We have organizations that are moving rapidly from the idea of SOA as a functional repartitioning approach to using SOA as a way of encapsulating and exposing data objects for reuse in a wide variety of contexts. That obviously isn’t going to happen unless there’s an effective data governance approach in place.

All: You touched on the problem of different data definitions. What are some other data governance challenges?
Rowland: There is data quality, of course. That’s a technical issue, as are data definitions. But there are some straightforward, big picture challenges as well. The biggest one is all about who should own the processes. It’s a cultural thing more than anything else. Traditionally IT has owned the data, but the accountability is increasingly with the business. It’s generally the CFO who will get arrested if the data that is signed off on proves to have been constructed using a process that has caused the data to be inaccurate or unreliable.

Related to that is the whole question of who has to do the work and who gets value out of doing the work. A data governance activity can impose a significant burden on the people who are responsible for defining the business entities, defining the relationship between the business entities and the technical entities, managing the business rules that control how information may be accessed and transformed. The benefit very often does not fall on the people who have had to do the work.

Now these things aren’t strictly about data governance. They are more about information quality and the management of information in general. Governance per se is the framework, policies and organization for making hard decisions when disagreements arise. But it generally devolves into the practical kinds of activities. It all goes to this discussion of is IT supporting the business or is the business providing appropriate resources to IT.

All: Has there been a tendency to separate data management and data governance?
Rowlands: That’s a really interesting question. I don’t think there has been a tendency to keep them separate. But data management has been around for a good, long time while data governance is really an emerging practice. Sometimes (governance) comes out of the data management world, and sometimes it’s been imposed top-down by the business.

All: So should data governance be under the purview of business or IT?
Rowlands: My gut feeling is that there are a couple major considerations that need to be taken into account. Is information a key part of the organization’s value chain, or is it a supporting resource? If it’s a key part of the value chain, I think governance migrates toward the business more than toward the IT function. And the other issue is how tightly regulated is the enterprise? Again, I suspect the more tightly regulated an enterprise is, the more likely it is to have a senior business player as the sponsor or the executive owner of the governance program.

All: It would seem that you’d want business and the IT to work closely together on data governance. Is that not happening today?
Rowland: Of course that’s right. And now you’re kind of beating ASG’s drum. Our core message is that it’s been very difficult for business and IT functions to work together because they speak different languages. One of the things that ASG is striving to do with our Business Service Platform and our metadata initiative is to act as a translator, if you like.

All: So having business and IT work closely together is a best practice. Are there any others we should mention?
Rowlands: I believe data governance initiatives without executive sponsorship are doomed to fail. After a while, the business will say, “Why are we spending money on that?” and they won’t see the benefit.

All: I believe ASG recently integrated its software with a configuration management database. What are the advantages of this approach?
Rowlands: Organizations spend a lot of money on designing data and applications and business processes. They describe all of that, and hopefully they document it fairly well and they have a metadata repository at the heart of the documentation. And then you go toward practically implementing things, applications running on servers and databases on other servers, and so on and so forth. One of the critical governance questions is, “OK, is what I’ve deployed and am running in the real world the same as what I designed?”

The configuration management database discovers things that are actually deployed. If you use the same fundamental technology for your configuration management database and your enterprise metadata repository, then you have this really cool way of putting things side-by-side and saying, “Oh, that’s not really what we designed.” And because it’s not, you know you have a challenge which needs to be exposed to the governance process. Do you need to go back and correct your design because you’ve updated something, or do you have something in production which needs to be remediated?

All: Obviously, the earlier you can identify problems like this, the better?
Rowlands: Yes, there’s some research in the application development world that says if you think about the stages - design, develop, test, put into production - as you get into each stage there’s a factor of ten increase in the cost of discovering something is out of whack. I think this is an equivalent thing - maybe even more costs – in the data world. One of the nasty things about data problems is that sometimes they don’t actually reveal themselves for quite a long time. And that can be horribly expensive.

All: So what is the key takeaway about data governance?
Rowlands: Let me put data governance in a bigger framework. The way I see the management of information technology and the business is that there are multiple parallel formalizations going on. There is a formalization of IT service management and business management processes. There is a formalization of data governance. There is an emerging formalization of enterprise architecture. All of those things really play together.

There is a kind of critical success factor, which is having a consolidated information platform that all of those things are based on. Organizations may do great work at standardizing all of their processes. But if they do it in silos, they end up with a disconnect between the various pieces and they find themselves having to go around and do rework. The underlying information base is going to be the critical key to IT and business success. And that’s where data governance gets framed. It’s part of making sure that the information base is consistent.

Getting Out of Business is a Process

We Buy Your Business

Getting out of business is a process. The length of time required to complete the process is directly related to the complexity of the business, and the circumstances underlying the decision to get out. Planning how you exit your business is just as important as how you started it.

The exit process, timing of events; and tasks associated need to be tailored to the type and complexity of the business. Each case is individual because reasons for dissolution differ, and problems that arise are unique to each circumstance. The following checklist contains key elements that should be evaluated as early in the exit process as possible to eliminate pitfalls later on.

The process for exiting a business should include evaluation of the following points:

1. Engage Professionals & Consultants as Team Members.

2. Prepare a List of Assets & Perform a Physical Inventory.

3. Perform a Valuation of the Business.

4. Prepare Detailed Plan & Assign Responsibilities.

5. Release Announcements & Notices.

6. Conclude or Transfer Contract Obligations.

7. Dispose of & Transfer Assets.

8. Settle Accounts Payable & Debt Obligations.

9. Prepare Final Financial Statements & Tax Returns

10. File Articles of Dissolution.

11. Prepare & Issue Special Filings, Notices, Informational Returns, & Taxes.

12. Receive Tax Clearance Notice.

13. Close Bank Account.

14. Store Business Records

The process for successfully exiting a business requires the same amount if not even more planning as starting the business. While the process may be easier, it is likely to be less enjoyable and more stressful. The best advice for business owners is to incorporate potential exit strategies in the early stages of setting up their business. Vigilance and diligent managerial oversight is needed to ensure that complications and problems which could affect dissolution, and net value, do not develop into roadblocks. When the time comes to divest or sell the business, be sure to engage the relevant expertise needed, and prepare an action plan.

We Buy Your Business enables clients an opportunity to sell businesses and business assets fast for cash. If your exit strategy requires a quick divesture option Contact WBYB for cash offer NOW. Website: www.WeBuyYourBusiness.com

Why Do You Need Insurance?

You’ve worked most of your life to give your family a comfortable house to live in. You want your children to live happily and contented with the business that you’ve built through the years. Yet accidents do happen. When it does happen, the first question will be, are you protected to ensure that what you’ve built through the years won’t easily be blown with the wind? If your answer is yes, then congratulations! Yet then again, what if you’re not protected to ensure everything that you’ve worked for including yourself? You need to think it over. Remember, even the most careful person needs insurance. They can’t prevent accidents from ever happening. Although, having insurance is not a substitute for risk management, yet it’s designed to help you absorb any responsibility that may occur.

Hopefully as you read on, this article will let you realize the importance of having insurance. Not just for your protection, yet for the protection of your loved ones and the dream that you’ve built. If you do have insurance and you’re tempted to put it off, don’t. Insurance helps you pay for everyday expenses and provides you a back-up in case of serious illness.

First, what is insurance? Insurance, according to the dictionary, is a promise of reimbursement in the case of loss or is an amount paid to people or companies after a disaster or accident. In short, insurance is a policy designed to make sure that you are no worse off after an accident or disaster than you were before it happened. Insurance is designed to protect you and your family from unforeseen disasters and financial burdens. Insurance comes in all shapes and sizes. It runs the extent from personal insurance to corporate umbrella liability plans, as well as auto and homeowner’s insurance plans. Knowing what types of insurance you need is also important to make sure that you don’t overspend on things that are unnecessary.

There are different types or kinds of insurance for every type of situation. Here are some important types of insurance: Disability insurance, life, health, long term care insurance, auto, homeowner’s insurance and liability insurance. Consider your needs and what you need to protect. These are the most common types that anyone may need in case something happens to your property, to your loved ones and most specially to you.

Disability insurance. Did you know that a person like you is more likely to be disabled for sometime before you die in case of a serious accident? Ask yourself, if you become disabled, how can you cover your expenses? How will you be able to save for your retirement? Since majority of disabilities are health related, can you afford the risk of being without earnings and having increased healthcare expenses? If you are someone whose income is required to maintain your lifestyle, then protect your income by purchasing this type of insurance as this is a vital risk management strategy for all wage earners.

There are 2 types of disability: short-term and long term. Short term coverage will provide income replacement protection, usually after one week of disability, and will pay up to six months. Long term, on the other hand, is the type of disability that starts generally at the six-month mark and continues until age 65. 24.5% of American household no longer have health insurance when they lost or changed their jobs.  The sad part about health insurance is that if you can’t afford to pay the premium, you definitely won’t be able to afford bearing the risk yourself. If you contract an illness while being uninsured, you may not be able to buy insurance later because you will have a pre-existing condition or would likely end up paying more than what you should.Health insurance.

Almost one out of five Americans has no health insurance. Most of these people state that cost is the reason. Life insurance. On most occasions, life insurance protects your surviving family in the event of your death.

This type of insurance offers protection to the family you leave behind and serves as a cash resource to deal with money owed, payment of mortgages, and other living expenses. Also, life insurance can have a savings or pension component that provides for you during your retirement. It also protects your hard earned possessions by providing tax free cash which can be used to pay estate and death duties and to tide over business and personal expenses. In case of bankruptcy, the cash value as well as death benefits of an insurance policy is exempt from creditors, if any.

Auto insurance. Imagine you were to be involved in a car accident with another car and was found out that it was your fault, you need to pay for all the damage done would you be able to pay for repair or replacement of the other car and pay for the medical bills of the other driver and their passengers? Owning a vehicle and letting it out of the garage would definitely mean you should have auto insurance. Depends what state you’re located and the brand and make and model of your vehicle as well as your age, would depend on the amount of premium that you need to pay.

Having insurance is important to good financial planning and security, yet you need to assess your personal risk and long term commitments. Insurance gives a person a heads up throughout life and can be used in cases of emergencies during a life time by requesting a withdrawal or loan. If you are still having second thoughts of getting insurance, you may want to think again. Having insurance is an investment, you’ll say you don’t need it so why pay for something you don’t need? Remember there is always something that you need yet you can’t see – protection and knowing it’s just there when you need it.

Homeowner’s insurance. Having a beautiful home and furnishing it doesn’t stop there. If you have a home and you have a mortgage, you must have homeowner’s insurance protection. First, your mortgage company would require you to have it and second, even if you own you home outright, you still need to have homeowner’s insurance to replace or fix the things that are too expensive or impossible to pay for yourself.

patent trademark copyright

You’re a small business owner with a hot new product or service and you’re deciding what to name it. Perhaps you’ve even hired a graphic designer to create a flashy logo to go with it. You may have ruled out trademark registration as too expensive or even unnecessary because you only plan to sell in your local area. This article will show why nearly every business can benefit from trademark protection, and how a new option makes professional trademark assistance affordable for most small businesses and entrepreneurs. There are two excellent reasons to protect a trademark as soon as possible, even for small businesses that operate in a limited area. The first is that a professionally prepared trademark conflict search will help you identify existing trademarks to avoid infringement. Discovering a conflict ahead of your launch will allow you to change names before investing in promotional materials and advertising, and building recognition of a name you may have to change later. The last thing your new business or project needs is a lawsuit during the startup stage. On the plus side, discovering a conflict may offer an opportunity to create a new name that distinguishes you from existing ?brands? and projects your unique value proposition. Speaking of branding opportunities, the second reason to protect your trademark even if you operate in a limited area is to prepare for nationwide expansion of your business. With the shift toward online marketing and commerce, even the smallest businesses are finding larger markets to expand into. Also, registering the mark with the U. S. Patent and Trademark Office gives public notice of your trademark rights, protects the mark nationwide, and discourages infringement with heavier penalties. Now that we know it’s important to protect trademarks, let’s examine a new option for professional trademark assistance at significant savings over the traditional law firm fees. A new breed of firms called Trademark Service Providers specialize in trademark research and related services, offering them to small businesses and entrepreneurs without the typical legal fees. While they do not represent clients in court or provide legal advice, they can perform the specialized research necessary to check for conflicts. Some firms also prepare trademark applications and provide ongoing infringement searches. A few providers even offer creative naming services to help clients with the naming process. In order to appreciate the benefits of using these new services, let’s continue with the scenario from earlier. You have selected a name and you are weighing your trademark options. You may have read an article on trademarks that suggested you conduct a ?free? online trademark search. Let’s briefly examine online conflict searches. Two of the most popular free trademark searches are the online records of the U.S. Patent and Trademark Office (www.uspto.gov), and a simple name search using Internet search engines. Unfortunately, these searches can be misleading to those who are new to the subject of trademarks. As we will examine below, these searches are only the first stage of an effective search process. They may uncover obvious conflicts, but as you will see below, they do not reliably answer the question of trademark availability. The same can be said for State trademark registrations and searches. In fact, only a fraction of the trademarks in use are registered with the State and Federal agencies. The remaining marks are unregistered, often referred to as ?common law? trademarks. Common law trademarks are unregistered marks used in business or commerce that receive limited legal protection based on the geographical area where they are used. The absence of a centralized registry documenting these marks complicates the process of conducting a conflict and availability search. Locating common law marks requires an experienced researcher using the latest and most extensive sources, searching literally millions of relevant business and legal records. This is where a Trademark Service Provider can help. A Trademark Service Provider has access to proprietary search resources with the most current and extensive information, advanced search technology, and the expertise necessary to conduct a diligent and comprehensive conflict search. Due to the existence of common law trademarks, no search results are 100% conclusive. However, the best strategy is to obtain the most thorough search and then begin using and protecting a mark as soon as possible. If you plan to use a particular trademark but your business has not opened yet, you can file an ?intent to use? application to protect it for six months during the development stage. For an additional fee you can extend this period up to two years if necessary. Trademark Service Providers are part of a growing trend of out-sourced expertise designed for small businesses. In contrast to the more expensive ?one size fits all? approach used by big national firms, or the risky alternative of going it alone, a firm that specializes in serving small business owners can be the perfect solution. They offer reasonably priced yet professional-grade services, a capable staff that supports your vision, and the expertise that allows you return to your primary goal of building your dream business. Before you know it, your small business will be creating a Big Name reputation, with the confidence that your trademarks are protected.

Rhode Island Child Custody Law

 

The Rhode Island Family Court judge utilizes the “best interest of the child” standard in Rhode Island Child Custody and Child Visitation cases. The Factors a Family Court Judge should use in making a “best interest of the child” determination are set forth in the seminal Rhode Island case of Pettinato v Pettinato, 589 A.2d 909 (R.I. 1990)

Child Custody, Visitation and Placement issues are usually determined by the RI Family Court in Divorce , Post Divorce, Paternity, DCYF, Family Law, and Child Custody Cases.

This Rhode Island Law Article was authored by a Rhode Island Divorce Lawyer and Rhode Island Child Custody Attorney, David Slepkow.  401-437-1100

The Basics of Legal Custody

The Judge of the Rhode Island Family Court can award either sole legal custody to a parent or may award Joint Legal Custody to both parents. The issue of legal custody is completely independent of the issue of visitation. RI Visitation Rights are beyond the scope of this Rhode Island Law Article. Please Consult with Rhode Island Child Custody Lawyer David Slepkow about the facts of your case.
         
Sole Legal custody

Sole Legal Custody means that a parent can make all important and major decisions concerning a child’s health, welfare and upbringing without consulting with the other parent.  These major decisions include religious, educational, medical and general welfare decisions. The parent with sole custody of the child will also have physical placement of the child. The parent with sole legal custody has complete access to medical, educational and other records related to the child.

Joint Legal Custody

Joint Legal Custody means both parents should be involved in major / important decisions concerning a child’s upbringing, education, medical and religious welfare. Theoretically, both parents with joint custody have equal rights in making important decisions regarding their child or children. Both parents have full rights to access all medical, educational and other records pertaining to the child. In order for joint Custody to be feasible, the parents must have some level of communication and respect for each other to allow them to co-parent.

Physical Placement – Physical custody
   
The Court must also award to one parent physical placement of the child or children. Physical placement is where the child will be living on a day to day basis. Physical placement is also commonly known as “physical custody” The parent who does not have physical custody of the child will have reasonable visitation rights. The parent with physical placement of a minor child has the right to receive Rhode Island Child support from the parent who has visitation rights. Child Support is typically determined by the Rhode Island Child Support Guidelines

Shared Physical Placement

Shared Physical placement (Shared Physical custody) is when the child splits time residing with both parents.  Shared Physical placement is relatively rare in Rhode Island. In some instances the child may be placed with one parent for half the week and then the other parent the other half of the week. Some parents will alternate weeks or months. This type of arrangement is usually only done by agreement of the parties and is rarely ordered by the Court Absent an agreement.

Split Physical Placement

Split physical Placement is when one child lives with the father and one child lives with the mother. It can also be when the children are split in away so that at least one child lives with a parent and at least one child lives with mother.

      
If the Parents cannot agree to Legal Custody, Physical Placement or Visitation, then The RI Family court must determine what is in the “best interest of the child” This is very subjective and analytical standard.

It is advisable to contact a Rhode Island Divorce Lawyer or a RI Family Law Attorney to get legal advice concerning the facts and circumstances in your case. There are 8 basic factors that the judge should look at in determining the best interest of the child. These factors are used by the court in determining both physical and legal custody of children

must be made in the ‘best interest[s]‘ of the child.” quoting Petition of Loudin “[T]he best interests of the child standard remains amorphous and its implementation has been left to the sound discretion of the trial justices.” Id. Several factors must be taken into consideration by the Judge in making a best interest of the child determination. However, no single factor is determinative; rather “[t]he trial justice must consider a combination of and an interaction among all the relevant factors that affect the child’s best interests.” Among the factors the court must consider are the following:

1. The wishes of the child’s parent or parents regarding the child’s custody.
2. The reasonable preference of the child, if the court deems the child to be of sufficient intelligence, understanding, and experience to express a preference.
3. The interaction and interrelationship of the child with the child’s parent or parents, the child’s siblings, and any other person who may significantly affect the child’s best interest.
4. The child’s adjustment to the child’s home, school, and community.
5. The mental and physical health of all individuals involved.
6. The stability of the child’s home environment.
7. The moral fitness of the child’s parents.
8. The willingness and ability of each parent to facilitate a close and continuous parent-child relationship between the child and the other parent.”  Pettinato v. Pettinato, 582 A.2d 909, 913-14 (R.I. 1990).

In many contested child custody cases, Professionals such as Social workers, Therapists, Psychologists, and the Guardian ad litem for the children may play a major role.

Rhode Island Attorneys legal Notice per RI Rules of Professional Responsibility:
The Rhode Island Supreme Court licenses all lawyers / attorneys in the general practice of law, but does not license or certify any lawyer or attorney as an expert or specialist in any field of practice.