Data-quality insights delivered daily, compared to 30 days previously
50% reduction in time and resources spent investigating data thanks to on-demand data-quality visibility
A third of the time spent writing and implementing data rules with Dataplex compared to previous manual approach
Data-quality insights are helping to improve decision-making and compliance
NatWest Markets, part of NatWest Group, one of the UK's largest financial institutions, leveraged Dataplex for clearer data insights. This improved data quality with daily reporting, helping decision-making and compliance across the organization.
Data is at the heart of modern finance services. For NatWest Markets, part of the NatWest Group, having good quality data enables the bank to make data-driven strategic decisions, improve internal efficiencies, and comply with its regulatory commitments in a highly regulated industry.
For a financial institution of NatWest Markets’ scale, maintaining high-quality data can be challenging. Data is spread across functions and departments, flowing in and out of a multitude of sources and databases. NatWest Markets’ Data Management team supports the business to ensure its data is high quality. To do this, the team previously worked with the business to identify which data to analyze, build pipes to extract it, run checks, and then report on its quality. This process could only happen at certain times, meaning reports were only delivered once a month. This made it hard to spot granular daily patterns and identify potential issues, meaning the team had to spend a lot of time investigating the data to understand the root cause. The team knew optimizing this process would give more time to focus on serving customers’ needs.
Ensuring regulatory compliance is a key priority for NatWest Markets “Regulators need to know we understand our data to meet our regulatory commitments, but evidencing data quality isn’t always straightforward,” explains Jeremy Cohen, Program Manager, Data Management Program at NatWest Markets. “We needed a mechanism to observe our data in the most efficient way possible. That’s what Dataplex and BigQuery give us.”
Regulators need to know we understand our data to meet our regulatory commitments, but evidencing data quality isn’t always straightforward. We needed a mechanism to observe our data in the most efficient way possible. That’s what Dataplex and BigQuery give us.
Jeremy Cohen
Program Manager, Data Management Program, NatWest Markets
NatWest Markets was already in the process of migrating to the cloud when it began looking for a new way to manage data quality, so it needed a cloud-native solution. With much of its risk application estate already running on Google Cloud, NatWest Markets approached the Google Cloud team and was introduced to Dataplex, which powers unified data management, governance and discovery in BigQuery. “Seeing Dataplex in that demo was a lightbulb moment,” recalls Jeremy. “Not only did it measure data quality, which was exactly what we needed, but it could do it on-demand. That opened up a whole new world of possibilities.”
The Data Management Program team ran a proof of concept in late 2023, and implemented the solution soon afterwards. It worked closely with Google Cloud to refine its use of Dataplex, with the Google Cloud team honing product features and finding workarounds to tailor the product to NatWest Markets’ specific needs. That close collaboration continues to this day. “The Google Cloud team is very supportive,” says Devdatt Kamat, Solution Architect, Data Management Program at NatWest Markets. “They really try to understand our objectives so they can come back with better solutions to meet our needs.”
The Google Cloud team is very supportive. They really try to understand our objectives so they can come back with better solutions to meet our needs.
Devdatt Kamat
Solution Architect, Data Management Program, NatWest Markets
Now, with Dataplex, the Data Management Program no longer needs to build expensive pipelines to extract data or spend time investigating its quality. Instead, it benefits from an automated, centralized, and highly cost-effective solution that allows it to analyze data at its source in BigQuery and get insights into its quality on-demand. “This matters because business users can now incorporate data quality checks as part of their business-as-usual processes” explains Jeremy.
For NatWest Markets, maintaining data quality means ensuring that key data in each department meets a defined set of standards, such as completeness, accuracy, and consistency. With Dataplex, the Data Management Program can now easily set rules for each department’s data in BigQuery and highlight when it’s falling short of those data-quality standards.
Previously, when the team had to build pipelines to extract the data, it would take the Data Management Program up to six months+ to set up and configure rules. Now, with Dataplex, it takes six to eight weeks to define a set of rules and implement them. This equates to a 66% cost-efficiency improvement, allowing the team's resources to focus on value-add for the customer.
The team now has more than 500 rules running on data across three domains at NatWest Markets. Dataplex uses a red, amber, green color code to show how all data elements are performing against those rules, giving business users a clear, on-demand view of the quality of their data and where it is falling short. The Data Management Team configures thresholds for each of the defined rules. When data falls below that threshold, Dataplex sends users an alert, highlighting the issue so they can investigate. The team also uses Dataplex’s automated data profiling to provide teams with instant statistics on their data attributes, giving users another easy way to identify potential problems such as missing or inaccurate data.
“Dataplex gives business users a way to look at their data quality directly,” says Jeremy. “They no longer need somebody to interpret it for them. It tells them which data is broken in business language, enabling them to make decisions on the best approach to address the issue and maintain its quality.”
Dataplex gives business users a way to look at their data quality directly. They no longer need somebody to interpret it for them. It tells them which data is broken in business language, enabling them to make decisions on the best approach to address the issue and maintain its quality.
Jeremy Cohen
Program Manager, Data Management Program, NatWest Markets
For NatWest Markets, Dataplex has become a key tool to support compliance with policies and regulations. By providing on-demand visibility of its data quality, Dataplex gives the bank the evidence it needs to show regulators it understands its data and is taking measures to maintain its quality.
“Having Dataplex, allows us to demonstrate the journey we have come on, from a manual approach to automated data quality management across departments,” explains Daniel Dyche, Project Manager, Data Management Program at NatWest Markets. “That makes it easier for us to comply with our policies and regulatory requirements.”
For business users, having these data-quality insights on-demand lets them know they can rely on their data. They can see immediately whether the data can be used as it is or if it needs remediating, they can do so straight away. This makes data-driven decision-making more efficient, and dependable as a result.
“Trusted Data is critical for our customers and colleagues. Tools like Dataplex build confidence in our data, helping to optimize key processes and support effective decision making” says Mike Carrier, Markets COO.
Having Dataplex, allows us to demonstrate the journey we have come on, from a manual approach to automated data quality management across departments.
Daniel Dyche
Project Manager, Data Management Program, NatWest Markets
As NatWest Markets expands its use of Dataplex, writing and implementing data-quality rules across more departments, the Data Management Program is helping to embed a new culture where users across the organization take more responsibility for managing their own data. “We’re putting data-quality information at the users’ fingertips and it’s our job to help the business understand how to use that information and get value from it,” Jeremy explains. “That process takes time.”
Meanwhile, the Data Management Program is combining Dataplex with more AI capabilities, both to identify patterns in its data it might otherwise have missed, and to explore new ways of working, including using generative AI to automate and scale data quality reporting. “We've come a huge distance in a year, learning as we go,” explains Jeremy.
Tom Carr, Markets CIO, agrees. “Dataplex is fundamental to our technology strategy as it delivers essential insights to the business and offers rapid feedback to our application teams enabling us to optimize our technology stack and control environment.”
Dataplex is fundamental to our technology strategy as it delivers essential insights to the business and offers rapid feedback to our application teams enabling us to optimize our technology stack and control environment.
Tom Carr
Markets CIO