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Good data management cuts costs and boosts compliance

by Dashboard Insight, Dashboard InsightFriday, September 6, 2013

Should you wait to upgrade your data warehouse business intelligence suites? Do you think you are doing fine having IT pull a report every time you want to look at your data instead of adopting dashboards? How important is improving your organization's or department's data management? Computer Weekly discusses just how valuable good data management is.

An organisation is part of a value chain consisting of itself, its customers – and sometimes their customers – as well as its suppliers and their suppliers.

Other stakeholders in the flow of data include shareholders, regulatory bodies such as ISO, the Financial Conduct Authority or the US Food and Drug Administration, and central government departments such as HM Revenue & Customs.

Ensuring data flows are efficient and transparent will keep an organisation’s costs under control while ensuring they can show compliance to data rules and laws that apply to them. In the past, the main approach has been to apply data security based around the application concerned or the database that lies under it. Such an approach has led to problems where processes cross multiple applications, requiring “glue” between the applications themselves, as well as the use of identity federation and single sign-on (SSO) systems. The evolution of big data is also making database-centric security a bit of a non-starter.

Security architecture

A different approach is needed for managing the data and information that an organisation deals with. What is really required is an approach based around a secure information architecture, rather than individual application or database security. Data on its own is just a collection of ones and zeroes. For an organisation to gain value from its data, it needs to create information from it – and from that information to enable knowledge to be inferred that allows decisions to be made. As the move from data to information to knowledge is made, there is also often a move towards intellectual property for the organisation – a process that adds lasting value to the business itself. In a complex, multi-organisational value chain, just how can a suitable information architecture be put in place? Firstly, the data available has to be identified and brought together in a meaningful manner.

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Source: Computer Weekly

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