Achieving improved financial reporting and meeting regulatory compliance standards are among the most vital concerns for organizations today. Neither of these objectives can be met without reliable information. Organizations must ensure the quality and auditability of the information underlying their financial and compliance reporting as well as other critical business intelligence applications. In this article, we discuss how the data integration discipline can support organizations in achieving information quality and auditability. First let's define what we mean by information quality and auditability.
Information quality is the measure of the information's usefulness to the business process. Because information that is suitable to one business process may be unsuitable for another, information quality spans a wide continuum, and a quality measurement is based on a fit-for-use standard. Furthermore, information is derived from data; thus, information quality is very much a function of data quality.
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