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Saturday 29.06.2024
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Information Governance

Companies today are struggling to stay afloat beating competition, handling global pressures and facing intense scrutiny from regulatory institutions. In spite of spending a fortune on developing and setting up state of art Information Technology infrastructures, they still find it difficult achieving consistent and timely results from their corporate information systems.

Information assets most of the time are governed inefficiently and companies are saddled with a need to compromise on the quality of their data and integrity of their valuable information.

There have been various attempts and efforts by companies over the past few years to consolidate their data by shifting to a single location like EDW or Enterprise Data Warehouse in a bid to find a solution to information related problems. While this may work to a certain extent, it does not completely solve the problem and is not very effective. For example, data stores in EDW are too huge and massive making it difficult to access and monitor. EDW magnifies and exacerbates existing DQ which makes the whole exercise quite ineffective.

Certain companies are still struggling to choose from a host of OLAP cubes, dashboards and reporting solutions for achieving the most effective results in spite of a variety of Business Intelligence or BI technologies such as analytics and performance dashboard available today. BI initiatives help to a great extent in addressing and improving the quality of information assets. It becomes difficult deciding on which one of them is going to be most effective in addressing their needs for many companies, which is unfortunate indeed.

Another important aspect is that in the face of BI questions and technology, DQ problems are often sidelined and take a back seat. This is one of the reasons why we find companies today struggling to gain access to high quality data which they can use to manage monitor and enhance their business performance in spite of huge investments they make in the most advanced technologies. They find it next to impossible having a clear picture of their performance, expenses and profitability. They are unable to also gain comprehensive and consolidated views from customers.

Understanding the urgent need, a lot of companies today are engaged in an endeavour to enhance the quality of their enterprise data in order to show an improvement and efficiency in performance. They strive to do this by implementing effective and complete programs throughout their enterprise which can govern their enterprise information assets after being analyzed in a comprehensive manner.

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