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Enterprise
Data Management Blog Roundup
As
if writing for one blog (Data
Doghouse) is not enough, now I'm also writing
for Informatica's new Enterprise
Data Management blog.
My
co-authors are Ivan Chong, Informatica's VP of
Product Marketing, James Markarian, Informatica's
CTO and Don Tirsell, Senior Director, Product
Marketing at Informatica. I've included
below a short roundup of my posts on that blog.
If
you're attending the inaugural meeting for the
TDWI
Boston chapter on April 26 be sure to say
hello. As chapter VP I'm looking forward to seeing
local industry friends and meeting new ones. We're
expecting a very large turnout.
I'll
also be at the TDWI World Conference in Boston
to teach a class
Thursday May 17.
If
you feel like multitasking while you're working
or driving, listen to my newest podcast
with SearchDataManagement's Hannah Smalltree.
Finally,
I'd like to take a minute to thank my DW/BI students
at Northeastern.
This was my first time teaching a graduate-level
college course and it  was
a great experience. Good luck on the final exam
tonight!
Rick
Sherman, Athena IT Solutions
Achieving Information Nirvana
Financial
transparency. Auditability. Sarbanes-Oxley compliance.
Thanks to governmental, industry and stockholder
pressures, the work of financial managers has
never been scrutinized so closely.
Do
you feel the pressure? Of course you do. What’s
the first step you should take? Investing in one
of your enterprise’s most valuable assets:
its data.
read
the complete post, Achieving Information Nirvana
The
CFO's ultimate challenge
Consistent,
correct data. That doesn’t sound too complicated,
does it? But actually, one of the most daunting
challenges facing CFOs and their staffs today
is how to ensure that the financial information
they supply to stakeholders, both externally and
internally, is consistent and correct. The checklist
for compliance seems to grow whenever you turn
around. Sarbanes-Oxley, US Patriots Act, HIPAA.
MiFID, Basel II, PCI data security standards,
etc. – were these even part of our vocabulary
several years ago?
read
the complete post, The CFO’s ultimate challenge
The
Enterprise Approach to Data - Better than a Sleeping
Pill
Do
you know where your financial data was last night?
Sure, you know the operational and financial systems
that it was in, but who else played with it before
it got into your financial reports? What undocumented
IT processes (horrors!) extracted data, manipulated
it and then input into another system? And how
many spreadsheets did the data get imported into,
changed and then passed along to another spreadsheet?
It
would be humorous if this was just happening to
your competitors' data. But it’s happening
to yours. And it's keeping your CFO up at night.
read
the complete post, The Enterprise Approach to
Data – Better than a Sleeping Pill
Enterprise Data Management - It's not just for finance any more
When
we discuss Enterprise Data Management (EDM) we’re
almost always talking about how it applies to
finance. It’s no wonder. Finance is where
EDM has made the biggest inroads and the biggest
impact so far. With governmental regulations such
as Sarbanes-Oxley and intense pressure from stakeholders,
such as investors, the CFO has to seriously look
at effectively managing data. EDM has enabled
organizations large and small to give up their
data shadow system habit and get on the "single
version of the truth" bandwagon.
read
the complete post Enterprise Data Management -
It's not just for finance any more
The "Force-Field" of Data Governance
Data
governance has a big job: establishing the processes,
policies, standards, organization, and technologies
required to manage and ensure the availability,
accessibility, quality, consistency, auditability
and security of data in an organization.
In
many instances it is seen as too overwhelming
or daunting to undertake, like Don Quixote chasing
windmills. Too often people are immobilized by
analysis paralysis and fail to move forward after
initial meetings and excitement. But don’t
stop before you get started. Data governance is
like the force-field around your data, protecting
that "single version of the truth."
read
the complete post The "Force-Field"
of Data Governance
The ROI of Enterprise Data Management
The
ROI from a company’s investment in Enterprise
Data Management (EDM) is measured with fairly
precise metrics, such as dollars and time savings,
faster time-to-market, and increasing sales through
more directed marketing (up-sell, cross-sell,
better demographic targeting, etc.).
However,
there are also benefits that are harder to quantify
that may be even more significant, such as governmental
and regulatory compliance, financial transparency,
improved data consistency and integrity, faster
data availability and utilizing performance management
to run the business. Even these benefits are not
touchy-feely and you need to quantify the impact
they will have to your business.
read
the complete post The ROI of Enterprise Data Management
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