As we continue to rebound from this economic slowdown, most corporations remain cautious and are watching budgets very closely. In fact, most of our readers will be facing a reduction in budgets in 2003 as revenues have continued to decline year over year.
When looking to reduce costs, each company should review the number of applications it has and the amount of data it is processing and storing. A major advantage of a meta data repository is that it identifies data redundancy within an organization. Most applications that are developed utilize data elements that other applications have already utilized. This redundancy simply magnifies the maintenance costs within an organization. Meta data repositories also help to identify data that is being captured but not utilized. The money saved from the implementation of a meta data repository can be utilized to evaluate new technologies to prepare the company for the next major growth cycle. If you require additional help with meta data or any BI implementations, consider the numerous articles and columns featured in the magazine, on DMReview.com and dataWarehouse.com. Also please consider the consultants featured in this month's Consultants Guide supplement.
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