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Integrating Data into all facets of business

We live in an age that is striding forward when it comes to technology. What was considered modern a year ago is already lagging behind, and depending on the specificity, there may already be more of a newer, more up-to-date technology in place.

When the subject is data management tool is no different. A few years ago, most organizations used a number of tools, one for every need of this management, often added to the extra tools, so that the need was completely healed. As organizations began to view data as assets with operational and strategic impact, the demand for more advanced and complete technologies began to emerge.

Organizations were looking for solutions that leverage data across all facets of the business.

Today’s business understands that data is the key to innovation, and with the dedication and investment needed to leverage the value of these data, strategies and processes enable analysis to become a simple and agile process. To achieve this goal, organizations need to create an environment where data is the core business, encompassing all departments and levels of management.

Promoting data culture through organization

To build a data-driven culture and encourage its use throughout the organization, it is necessary to begin by focusing on Data Governance through supply chain data. Regardless of job role, from C-level to trainee, data should be leveraged across all business levels, promoted by data owners, stewards, and users.

Once the budget for a Data Governance project has been approved, organizations need to put together the right strategies with the appropriate solution, so that collaboration among all sectors is increased, thereby increasing user confidence in the data and, fundamentally, increasing ROI.

Investing in advanced technologies

Assimilating data across all business areas and building a data-driven culture requires a complete, customizable solution integrated with Data Management capabilities. This will provide transparency within the organization’s landscape, giving unified access to users, who can easily access definitions of glossaries, synonyms and business attributes, and thus define, track and manage all aspects of data assets and make important business decisions.

The platform should also have easy navigation and be self-service in order to encourage use and collaboration. The interface and features must be intuitive, clearly defining data ownership as well as their workflows, so all users will have easy access and understanding whenever needed. The harmonious union of people, processes and technology is the foundation for data-driven business and a solid Data Governance.

By combining the right solutions and technologies with the right approach, businesses are able to successfully integrate their data assets into all aspects to gain competitive advantage.