Insight from the SEC’s Chief Information Officer
The SEC’s move to iXBRL isn’t the agency’s only technology push. Chief Information Officer Pamela Dyson recently sat down with Federal Times to discuss a number of data focused technology initiatives.
Like many organisations, the SEC is keyed in on Big Data analytics, which will help the agency improve their examination and investigative programs – something they are already doing with structured data. The SEC has identified workflows and processes ripe for automation and is building out the infrastructure required to house, manage and analyse these expanded data sets. One piece of advice she has for other CIOs . . . if you don’t have that in place, don’t collect the data until you do.
The agency is also creating a “new” EDGAR filing system that will be “more user-friendly to the public and for our internal stakeholders as well and move it also into a more financial disclosure digital transformation” that is both “mobile” and “agile”.
One key takeaway from the interview is that the successful implementation of data-centric programs requires a three pronged approach that addresses infrastructure, business processes and business requirements. Read the interview.