Case Study: Implementing a Securities Master Using Flexible Data Models at Lord Abbett

Lord Abbett successfully implemented a securities master solution that will be the system of record for securities data. What were the keys to their success? How did they leverage and re-use template, or “Universal Data Models” to accomplish this more quickly and with greater quality? What was their strategy regarding when and how to use these re-usable models and patterns? What obstacles did they face and how did they overcome them? What steps did they take throughout this effort?

This presentation will share Lord Abbett’s journey over the last 12 months in developing a securities master solution to maintain securities and investment data. Len Silverston, President of Universal Data Models, LLC and Vinod Badami, Manager of Data Architecture and Business Intelligence at Lord Abbett, a mutual funds organization, will show how Universal Data Models were used, customized, and implemented to help Lord Abbett develop a standardized data architecture and a solid foundation for master data management that met specific requirements while providing the flexibility to meet future needs.

In this presentation you will learn:

• How and when to re-use models and patterns to gain efficiency, flexibility and quality
• The steps that Lord Abbett took on its securities master solution effort
• Pitfalls and suggestions regarding effective master data management implementations
• Methods and techniques for integrating data in a flexible way
• What worked, what didn’t work, and why

Len Silverston is a best-selling author of The Data Model Resource Book series and a speaker and consultant with over 25 years of experience helping organizations integrate their information and systems. Mr. Silverston has written and spoken extensively all over the world on topics such as re-usable data models, data integration, and power and politics in data management. He has published hundreds of holistic, re-usable data models and his book The Data Model Resource Book was rated #12 on the Computer Literacy Best Seller List. His latest book, The Data Model Resource Book, Volume 2, which provides universal data models for various industries, has been translated into Chinese. He is the winner of the DAMA (Data Administration Management Association) International Professional Achievement Award for 2004 and the DAMA Community Award for 2006. Mr. Silverston's company, Universal Data Models, provides consulting, training, publications, and software regarding re-usable data models and data management strategies to help integrate information, systems, and people.