Tag Archives: increase revenue
I recently had the opportunity to meet with the board of directors for a large distribution company here in the U.S. On the table for discussion were data quality and data governance, and how a focus on both could help the organization gain competitive advantage in the market. While I was happy to see that this company had tied data quality and data governance to help meet their corporate objectives, that’s not what caught my attention. Instead, what impressed me the most was how the data quality and data governance champion had effectively helped the rest of the board see that there WAS a direct link, and that with careful focus they could drive better business outcomes than they could without a focus on data at all. As it turns out, the path to success for the champion was to focus on articulating the link between trusted data — governed effectively — and the company’s ability to excel financially, manage costs, limit its risk exposure and maintain trust with its customers. (more…)
Master data management is a hot topic in Asia Pacific. That was shown by the keen interest in MDM during Gartner’s BI Summit in Sydney, Australia, in end-February, and in a recent survey that Gartner conducted of the APAC community.
In that survey, master data management was ranked the #1 data-related technology under consideration for deployment in APAC. Forty-two percent of Gartner’s respondents put MDM at the top of their lists, ahead of dashboards/scorecards, predictive analytics, performance management, and 14 other technologies. Given that the survey found only 20 percent of APAC organizations are using MDM today, there’s clearly a lot of room for growth. (more…)