Institutions must ensure that an appropriate IT system infrastructure is in place to support all the steps required by the DMF.
5.6.2
The system infrastructure must be sufficiently scalable to support the DMF requirements.
5.6.3
The system infrastructure must be in the form of strategic long-term solutions, not tactical solutions. Spreadsheet solutions must be not considered as acceptable long term solutions for data storage.
5.6.4
Employment of staff with data science knowledge and expertise is encouraged in order to undertake appropriate data management oversight.
5.6.5
Institutions must minimise key person risk related to the management of modelling data. They must ensure that several members of staff have the suitable technical expertise to fully manage data for modelling purposes.