Strategic Planning

The Data Asset: How Smart Companies Govern Their Data for by Tony Fisher

Posted On March 23, 2017 at 4:36 pm by / Comments Off on The Data Asset: How Smart Companies Govern Their Data for by Tony Fisher

By Tony Fisher

An fundamental advisor that exhibits businesses tips on how to deal with facts as a strategic asset

Organizations set their company approach and path in keeping with details that's to be had to executives. The info Asset presents suggestions for not just development the company case for facts caliber and information governance, but in addition for constructing methodologies and techniques that may allow your company to raised deal with its info as a strategic asset.

Part of Wiley's SAS enterprise sequence, this publication seems to be at company Case construction; adulthood version and association functions; 7-Step Programmatic technique for fulfillment; and applied sciences Required for powerful info caliber and knowledge Governance and, inside those components, covers

  • Risk mitigation
  • Cost control
  • Revenue optimization
  • Undisciplined and reactive organizations
  • Proactive organizations
  • Analysis, development, and keep watch over technology

Whether you are a company supervisor or an IT specialist, The info Asset finds the method and know-how had to method winning info caliber and knowledge governance projects on an firm scale.

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Extra resources for The Data Asset: How Smart Companies Govern Their Data for Business Success

Example text

By using matching and identity management technology and by enriching the process with additional data —like address and phone number—the mobile phone provider was quickly able to eliminate this fraud and reduce its commission outlay by millions of dollars per year. Reducing the Risk in Mergers and Acquisitions Most of us could rattle off the names of mergers and acquisitions that flopped. The promised uptick in revenues and profits did not occur, the increase in market share never materialized, and the efficiencies that were supposed to be gleaned failed to happen.

A quality culture must be established as an ongoing, continuous process. 2. No organization can tackle enterprise-wide data quality and data governance all at once. To be successful, your journey must be evolutionary. Start small and take achievable steps that can be measured along the way. M ost executives become successful not by avoiding risk, but by understanding and embracing it. Business magazines tout executives who take risky gambles on far-flung ventures that pay off handsomely. What executive has not wanted to be described as ‘‘daring’’ or ‘‘adventurous’’— all words closely aligned with ‘‘risk taker’’?

If you don’t have a standard product classification definition, choose a vendor-neutral coding system like UNSPSC (United Nations Standards Products and Services Codes) or eCl@ss.  Set Data Controls. Since new data is continually streaming into the organization, apply monitoring techniques to find and flag bad, suspicious, or noncompliant information before it enters your systems. 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.

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