Kinaesis is a DataOps company. DataOps is a powerful toolkit for creating data-driven business change, covering people, process and technology. DataOps manages the entire data pipeline, from requirements and vision to analytics and exploitation.
At Kinaesis, we specialise in applying DataOps within the financial sector, to achieve compliance, cost savings and revenue growth. Our approach to DataOps reflects the specific needs and challenges of our sector – and our own experience as longtime practitioners and SMEs.
Where does DataOps come from?
DataOps is a new approach to delivering data, based on approaches that have proved successful in software delivery. DataOps is more than a set of best practices; each of our pillars within DataOps is accompanied by tooling and methodology that blends lessons learned in the software world, with solutions appropriate for the more challenging world of data.
To truly maximise the value of DataOps requires more than knowledge of DevOps and tooling; it requires a deep familiarity with data management, analytics and with the sector's specific needs. That is what informs our specific interpretation of the pillars of DataOps:
Design: Above all, make sure the data pipeline is driven by a business vision, not by the data that just happens to be available. Map out user journeys and visions and drive technical change from that.
Instrumentation: Instrument the data flow every step of the way, using profiling, DQ and monitoring to create a clear view of how reliable and timely data really is. Always present data quality information along with actual data.
Global metadata: Maintain clear business definitions and models, keep them connected to your data and, above all, keep them up to date.
Collaborative Analytics: Make sure that data consumers can collaborate with each other and make sure that as a group they can collaborate with IT and data owners.
Governance: Meet quality, attestation and audit targets by applying proper version control and proper release management. Channel the output of instrumentation into strong exception handling and DQ processes.
Extensible platforms: Data needs to be exploited and the business will always come up with new demands. Open standards, IT components that interoperate well, clear contracts and operating models are essential to ensure that new demands can always be met.
Back in 2008, a group of tried and tested software development practices, together with some new tooling that made environment and release management easier than before, were bundled together as DevOps. DevOps is the principle inspiration behind DataOps and from DevOps comes a concern for version control, release management, environment management and documentation.
From Agile, DataOps takes an emphasis on collaboration, quick release cycles and iterative refinement.
The focus on instrumentation comes from Lean; Lean methodologies propose that fully instrumenting a supply chain is necessary in order to optimise it. Our DataOps vision takes this a little further -- not just the supply chain itself, but the data, needs to be instrumented.
Finally, from User Experience (UX) development, comes a toolkit for generating vision and requirements by interaction and exploration with the business - essential if DataOps is to be more than just optimisation.
We are anticipating a busy but exciting 2018 at Kinaesis! The industry’s priorities over the next year are mainly driven by regulatory change. Here are some quick highlights of what is filling up our calendar in the next 12 months to meet these challenges:
Kinaesis are working with our clients to define the scope of work needed to achieve GDPR compliance. It’s not just a race to meet the deadline of 25th May 2018 but actually implementing maintainable solutions that will ensure continued compliance.
Implementation of MiFID II continues through 2018 and our specialist tools for target market identification/design/validation provide solutions around product governance. In addition, we provide wider MiFID II consultancy for selected clients.
We are seeing a sharp rise in demand for our DataOps expertise and services. We have several new partners which enhances our DataOps capabilities. We look forward to introducing you to the work we are performing with our partners SAS, MicroStrategy and NORMAN & SONS. We are also excited to be working with Snowflake on a new project with their cutting edge, enterprise data warehouse, built for the Cloud.
As we move towards the first reporting date, in 2019, under the new standards developed as part of the Fundamental Review of Trading Book (FRTB), the focus is on the implementation of a sustainable operational process to ensure effective ongoing compliance. The new standards demand daily monitoring, controls and reporting to ensure capital requirements are met on a continuous basis. This presents a complex data, reporting and operating model challenge for banks.
In 2018, Kinaesis will help clients to build high performing, sustainable solutions for FRTB. We will be using our accelerators, expert resources and agile delivery to help banks to address the risk modelling, data modelling, architecture and process challenges.
The implications of BCBS 239 for DSIBs and GSIBs remain wide-reaching and demanding for both organisations who have gained compliance and those who are aiming to achieve it. Existing BCBS solutions, in many cases, cause greater operational overheads and onerous change management processes. Expected gains and benefits in analytic and reporting capability also fail to materialise.
Kinaesis in 2018 will continue to help both DSIBs and GSIBs with their respective levels of BCBS 239 compliance. We know how to leverage the recurring challenge in gaining benefit from work already undertaken to meet the regulations and are changing the way our clients deal with Risk. Read more about BCBS 239 + here.
If you’re reading this and the above sounds horribly familiar, we would love to help you with your challenges, talk to us here
We are delighted to announce that we have just signed a partnership agreement with digital design firm NORMAN & SONS. NORMAN & SONS is a forward-thinking business with revolutionary design concepts in the capital markets space.
In this partnership, we will be working together on advances in Risk management. We will be focussing on the development of new solutions, utilising the Kinaesis DataOps data management approach and NORMAN & SONS DesignOps human-centred approach.
Simon Trewin, Director of Kinaesis, welcomed in the new partnership by saying, “We’ve always prided ourselves on delivering what a business truly wants and NORMAN & SONS are experts in eliciting a vision. Connecting that vision to physical delivery is the perfect match for our philosophy. Together, we can provide fast innovation to move our clients’ business thinking forward.”
Graeme Harker, Managing Partner of NORMAN & SONS, added, "our clients know that delivering innovative solutions that really make a difference to the business is about combining great product design with great software and data architecture. Together we cover all of the bases.”
We would like to take this opportunity to officially welcome them as our Partner.