Information is critical to managing business change. Rapidly reacting to business events and proactive business planning requires accurate and timely information. Building a performance management solution would mean constantly managing corporate data with the right portfolio of tools and technologies. Understanding and analyzing corporate data becomes easier within the context of an enterprise information management framework.Data discovery acts as a bridge between information management and performance management. This needs a thorough understanding of all business processes, alignment of corporate strategies with data and seamless integration of performance analysis techniques. This article discusses a structured approach for data discovery for implementation of performance management solutions.

Data discovery assists in managing such business changes by providing a comprehensive inventory or taxonomy of corporate data. The outputs and models generated from such an exercise can be used for any enterprise-wide solution that requires comprehensive information management.

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