Organisations need to harness the power of data to usher in the next stage of growth in the experience economy. Market leaders are moving to digital business to capture emerging opportunities in real time. These intelligent enterprises use their data assets effectively to achieve the desired outcomes faster – and with less risk. To regulate the lifeblood of a new digital landscape, organisations need a rigorous system of data management processes for seamless integration and quality control. This means providing business users with the right information at the right time within the appropriate context. It is also of utmost importance that business users can trust the information. Data governance plays a key role in ensuring that data sprawl is minimized and data quality is maintained. This subsequently enables operationalizing the use of data in everyday business processes, driving the efficiency of the entire organization.
While the digital economy is driving the need for information to be connected, readily available, trusted, and even monetised, an outcome-driven enterprise data strategy is the only way to set a clear path forward in a business transformation journey. Often, companies jump into new technologies, like AI, for “fear of missing out,” only to realise they don’t know what to do with all that data. How should it be organised? Governed? Standardised? What steps are necessary to ensure quality? A good data strategy addresses all of these questions in a holistic manner that resonates with all levels of the organization.
“By 2022, 90% of corporate strategies will explicitly mention information as a critical enterprise asset and analytics as an essential competency” – Gartner
SAP’s Next Generation Database & Data Management Assessment offers a unique and differentiated approach to measure, monitor, and optimize performance and to enable best-in-class database & data management processes in support of strategic priorities. The Database & Data Management assessment will provide an executive-focused strategic value assessment based on Top Key Performance Indicators (KPIs) and best practices on Organization & Strategy, Data Quality and Data Governance. Organizations will understand the maturity of their current data management processes and can use the insights to chart their path to an intelligent enterprise fuelled by best-in-class data management processes.
How to access the SAP Database & Data Management Assessment?
Sample Benchmark & Assessment Findings & Deliverables
Original Source: SAP HANA BLOG