Increasingly, companies are embarking on a comprehensive enterprise information management program to address the growing demands on data coming from regulators, lawmakers and internal business executives. The goals of these programs include higher data quality, more transparency and control, faster access to information, and better insight into internal operations and customers. Compounding the task is the growing volume of data and the increasing knowledge required to handle the sophisticated data technologies.
While these demands can be handled separately, the best companies are realizing the same customer, product and financial data will likely be involved in multiple projects with conflicting schedules and different priorities. Individual data management programs with unique tools, processes and people are also expensive. Each project can require the involvement of the same key subject matter experts, busy people with specialized knowledge of the data and the processes used to create it.
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