Control Data to Become a Business Management Champion
Posted on: 11/02/16
‘Their data may be perfectly correct, but different in different places – and nowadays, there is so much information across so many systems that it becomes hard to bring it all together meaningfully.’
- ITProPortal.com, (2016). ‘Top Tips for Successful Master Data Management’. Online <http://www.itproportal.com/2016/01/21/top-tips-for-successful-master-data-management/> Access Dates: 08 February 2016
The article explores how data-savy businesses often worry about two things; Data quality and data storage. Both challenges can plague the day to day activities in a business if not correctly managed. Data is integral to so many parts of the business; as the article describes, the lack of quality control can have massive financial consequences where as lack of storage control can lead to data multiplications and errors within the business.
The article continues to provide a number of tips to help businesses understand how they can find control over their data management. Data can mean a number of connotations in business, from digital asset data to customer data to contract data; the main thing is that every kind data is important and needs to be efficiently managed with the help of a fit for purpose business management system.
Typically, businesses need to correlate information across different systems to get a 360-degree view. Adopting a business management system that can bring all the functionality of the different systems to provide an instant view of customers and clients to guarantee a seamless business experiences, free of irritating snags that would put a dampen on savings and revenue.
Bringing all your business data together can help provide a more integrated view of all data and past, present and future activities. When considering a business management system, it is important to understand and be involved in determining what is and isn’t important in regards to your data, so your business management systems can help you get the most from your data that will drive your operational efficiencies.
Adopting a business management system can sometimes be difficult, especially when out of the box services are sold with no configuration to how your business and industry work. Business management systems should come with the support to help you leverage your data to provide your business with valuable benefits. It is important to make sure your software service team actually care about the data and how your new system can be used effectively to provide you with the data results your business needs; ensuring your project is carried through to the end.
At the heart of controlling data, is your data steward. Data stewards are the CPO’s that are going to implement the changes needed to get data under control with your new business management system to help the business stay on top. Through the process of configuration with your software service team your CPO’s can ultimately outline and make the decisions on the requirements needed in the business management system.
Determining the functionality needed to control your business data will allow businesses to get value and create a focus on what needs to be achieved to make savings and revenue. Starting the journey of adopting a business management system to control your data should begin with the business needs, then it is guaranteed to provide better business results when deployed to make you a champion.
Target are a software company providing bespoke business management systems globally since 2010 to companies such as Coca-Cola Enterprises, Kier Group, Decathlon and NHS procurement departments. Find out what we can do for you at: http://www.targetis.co.uk/products/