Knowledge is the brand new forex of enterprise. We hear that continuously and it’s an correct description of the worth that knowledge supplies for the profitable operation of a enterprise. Put merely, organizations with “higher” knowledge administration and use it extra successfully, win available in the market. This weblog summarizes a current podcast that featured Graeme Thompson, CIO of Informatica.
Mr. Thompson began the podcast with an instance that drives dwelling the variations between how knowledge and forex are managed in corporations at the moment. A easy comparability of how a CIO and a CFO would reply 4 key questions set the tone.
- When the CFO is requested “have you learnt the place all of your forex is saved?”, the short reply is sure. The CIO can’t say the identical for the info.
- If requested, “are you able to categorize your entire forex?”, the CFO nods within the affirmative, however the CIO is aware of that many knowledge labels are imprecise or inaccurate.
- Asking the CFO in the event that they know who has entry to forex, they’re sure they do. The CIO can’t say the identical for company knowledge.
- Lastly, when requested if forex might be directed for essentially the most worthwhile use by the corporate, the CFO could make a optimistic assertion. The CIO is aware of this isn’t the case.
These 4 questions present the inspiration for a technique to boost the administration of knowledge and creating a knowledge platform that allows a corporation to leverage it.
Taking this strategic view of the info asset and making the info the platform for a profitable enterprise can also be a elementary change within the position of the CIO. Reasonably than specializing in terabytes, cloud providers, or what number of laptops are in use, a CIO that’s specializing in delivering correct, documented, constant, managed, and secured knowledge turns into half the agency’s strategic discussions. This can be a elementary change that allows the CIO to get “a seat on the desk”.
Informatica is enabling this pattern with their Clever Knowledge Administration Cloud, an end-to-end knowledge administration platform that acts because the unifying drive for making knowledge the forex of your group. For extra info on how one can create a knowledge platform that provides the group the identical certainty for its info because it has for its cash, go to our web site.
