As companies collect more and more information about their customers, products, suppliers, inventory and finances, it becomes increasingly more difficult to accurately maintain that information in a usable, logical framework. This can severely complicate workflow, since the information within applications and databases - data pertaining to customers, products, employees, suppliers and financial transactions - provides the foundation for improved customer relationships or an optimized supply chain.
The data management challenges facing today's businesses stem from the way that IT systems have evolved. Enterprise data is frequently held in disparate applications across multiple departments and geographies. To address the spread of data and eliminate silos of corporate information, many companies implement enterprise-wide data governance programs, which attempt to codify and enforce best practices for data management across the organization.
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