Five Critical Data Management Business Capabilities
Companies and other organizations have collected all manner of magnificent data that promises to make life easier, fun, more interesting, and …. Hold on a minute, is this just more blue-sky thinking when it comes to utilizing data in the digital economy. From a business perspective, when creating a data management strategy, perhaps we should drop impractical ideas, and focus instead on realistic and targeted business goals with clear and measurable criteria for success?
There are five critical data management business capabilities that are heavily relied upon that will determine your ability to identify business process data requirements. Those capabilities also determine what needs to be done to that data to meet requirements, i.e. make the data ‘fit for use’ by the business. The five capabilities are:
Despite large financial investments in data management, data problems continue and the capabilities mentioned above are less than optimal. One reason is because data is often seen as a component of a technology project, not as vital corporate business capability that drives business results.
If you’d like to build your organization’s data management business capabilities and systems that deliver trusted, timely information for your critical business initiatives, download the Method360 paper that explains our Five Data Management Capabilities Model. We also spotlight two important companies that used Method360 to resolve data management inefficiencies and bottlenecks.
This paper explores the components needed to build a robust data management framework that delivers tangible results – today and tomorrow – as your business needs grow and evolve.