In my last column, I talked about enterprise data management (EDM) and how important it is to develop and implement an EDM strategy. To refresh your memory, my working definition of EDM is: the ability a company has to successfully locate, retrieve, manage and disseminate all organizational information for use in internal processes and external communication with interested parties. In a nutshell, EDM is the ability a company has to get the right information to people when and how they need it to do their jobs effectively.
I believe the key to effective EDM is comprehensive enterprise data governance. Data governance is just a fancy term for the ability to use IT to standardize data policies across the enterprise so you can gain a reliable view of the data and make better decisions. With an effective data governance plan in place, its possible to:
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