In last month's column, we talked about alleviating data chaos by implementing a data management framework throughout the enterprise. Once your data management framework is in place, however, you need a way to both monitor and constantly improve it. One way to do that is to use the data organization and governance components of your framework to build a data management Center of Excellence (COE).
Now, more than ever, companies need a way to consolidate and coordinate their data management and governance efforts. Stiffer competition for most companies at home and abroad has created an enormous demand for enterprise performance management. Further, unnecessary complexity in systems and processes has led to poor information quality and inconsistent answers. To answer the need, many companies have increased information technology (IT) spending, trying to search out a "single version of the truth" from their information systems.
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