Unlocking Enterprise Data
Data vs Information
Despite common misconceptions, data is not information. Companies routinely collect vast quantities of data—times of orders, customer addresses and quantity ordered, shipment times and carriers, sourcing information, etc.—yet this data is often inaccessibly locked away in an outdated or disorganized enterprise system.
Typically, corporate data and databases suffer from three major flaws—lack of standardization, lack of a central data repository, and insufficient technical knowledge of data access. Over time, these problems are greatly exacerbated.
Lack of Standardization
Databases are an evolving technology. First introduced1 in the 1960s on mainframe computers, their ranks have grown considerably in the past forty years, complicating data sharing and hindering interoperability.
In most of today’s organizations, the actual data model utilized by various managers and executives differ greatly. As companies are dynamic structures, constantly changing with time and circumstances, individuals within them will often create their own databases to serve as short-term solutions awaiting IT intervention for a longer-term implementation. As such, they are rarely standardized with respect to data fields and codes, preventing any future combination or cross-utilization by other departments.
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