Where data governance can improve enterprise operations
Meet the Authors
Key Takeaways
⇨ Data governance is crucial for ensuring data accuracy, security, and compliance, which are essential for making informed business decisions.
⇨ SAP Master Data Management, enhanced by cbs Corporate Business Solutions, can significantly reduce the risk of data loss and unauthorised access, thereby protecting valuable business information.
⇨ Effective data governance fosters a collaborative environment where all decision-makers can rely on consistent and high-quality data, leading to improved operational efficiency and streamlined processes.
In the enterprise world, data is the grease that keeps the innovations flowing. It’s the most important resource when making essential, business-changing decisions, and can be used to justify vast, process-altering software implementations. With the right harvested data, users can discover insights they may not have noticed before.
SAP’s Data Intelligence can create a connected fabric between each SAP-enhanced app and help identify actionable business process insights. However, acting on the information gained from Data Intelligence requires said data to be accurate, secure and compliant with any data protection measures.
The importance of data governance
Explore related questions
SAP Master Data Management, when enhanced with expertise from change management specialist cbs Corporate Business Solutions, can provide the data governance services need to improve the quality of data, decision-making and operational efficiency. What kind of benefits can be gained from an effective data governance solution?
Reducing the risk of data loss
Data security falls under SAP Master Data Management’s purview. By taking the time to focus on the integrity and protection of a system’s infrastructure, the risk of unauthorised access to crucial data is greatly reduced. Through a data governance system, valuable business information can be protected from any nefarious actors looking to disrupt operations.
The guarantee of reliable, good-quality data
When the data provided for potentially actionable insights has been confirmed to be reliable and from accurate sources, decision-makers can gain the confidence to make well-informed, process-altering decisions. The outcomes as a result of reliable data-backed changes are more likely to be success-oriented due to the precise information provided through a data governance solution like a cbs-enhanced, SAP Master Data Management.
Faster and more efficient
SAP Master Data Management is directly connected with SAP Data Intelligence – meaning it can benefit from being connected to all parts of an organisation. The actionable data provided through data governance can be filtered across all connected apps, meaning all decision-makers will be working from the same set of data as everyone else. When departments and teams are on the same page, coordination and collaboration can become seamless processes.
Implementing robust data governance within an organisation requires a collaborative environment that can guarantee accurate and reliable data throughout a lifecycle. SAP Master Data Management, when combined with cbs expertise, can help create this environment and provide the tools necessary to positively impact the efficiency of business processes.
