5 Essential Business Value Metricsto Build a Robust Case for Cloud Data Governance
Organizations everywhere generate business-critical data. This data is a crucial asset that can help the organization achieve its objectives. Sometimes — as with customer, supplier, partner and employee data — it’s internally generated operational data. In other situations, it may be data about the organization’s industry, competitors, regulators and financial environment. The data may have been acquired at great cost and effort. Regardless of its source and application, this data can provide critical insight for driving successful business outcomes.
It’s a missed opportunity when the organization is not able to leverage its data. This may happen for a number of reasons. Data may be lost, misused, unknown or not perceived as valuable to data consumers. There are times when the organization cannot trust the data because it is inaccurate or incomplete. Not being able to leverage data is an ongoing drain on operational efficiency and reduces productivity. It represents no less of a waste than when any other assets might be lost, forgotten, poorly leveraged, abused or stolen.