By Tony Fisher
An quintessential advisor that indicates businesses the right way to deal with information as a strategic asset
Organizations set their company method and path in line with info that's to be had to executives. The information Asset offers counsel for not just construction the company case for information caliber and knowledge governance, but additionally for constructing methodologies and tactics that might permit your company to raised deal with its facts as a strategic asset.
Part of Wiley's SAS enterprise sequence, this booklet appears to be like at company Case development; adulthood version and association features; 7-Step Programmatic strategy for fulfillment; and applied sciences Required for powerful info caliber and knowledge Governance and, inside those parts, covers
- Risk mitigation
- Cost control
- Revenue optimization
- Undisciplined and reactive organizations
- Proactive organizations
- Analysis, development, and regulate technology
Whether you are a enterprise supervisor or an IT expert, The facts Asset unearths the technique and expertise had to technique profitable information caliber and information governance tasks on an company scale.
Read Online or Download The Data Asset: How Smart Companies Govern Their Data for Business Success PDF
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An crucial consultant that indicates businesses tips to deal with information as a strategic asset enterprises set their company procedure and course according to info that's on hand to executives. the knowledge Asset presents information for not just construction the enterprise case for facts caliber and information governance, but additionally for constructing methodologies and approaches that would allow your company to raised deal with its facts as a strategic asset.
Extra resources for The Data Asset: How Smart Companies Govern Their Data for Business Success
Other times, organizations take the view that cleaning up the data is sort of like removing leaves from the storm gutters—doing it once every year or two should suffice. Here is a typical example. A global leader in online legal, business, and news information was using an outside vendor to mail 12 million pieces for more than 2,000 yearly campaigns. Duplicate names and invalid addresses led to numerous issues like sending prospect solicitations E1C03_1 05/12/2009 35 how accurate data plays a role in controlling costs 35 to law firms that were already existing customers.
Soon, the company is awash in spreadsheets that don’t match up. After a while, the owners of the different spreadsheets begin to realize that something isn’t quite right, although it still feels right. The assumption is that the data is correct— when it is often invalid and out of date. This leads to decision making that is flawed. Even when the actual truth from the dispersed spreadsheets is discovered, the results are delayed decisions and untimely responses. And if causing internal trouble isn’t enough, the lack of integrated data and poor data quality can also affect a company’s ability to remain compliant amid growing regulatory burdens.
It is important to remember that data is not static and that problems can creep into data for any number of reasons, including both human and machine error. the gold standards in product standardization Product standardization efforts are similar in concept to the Library of Congress Classification (LCC) system for books. There are defined chief standardization and classification protocols: protocols like UNSPSC, the eCl@ss system, and GS1. These are multitier classification hierarchies that describe products and services and their attributes.