Data management, data exploitation and compliance with data regulation all leverage a common set of capabilities. Establishing a combined data strategy you can often build a stronger implementation business case than looking at each requirement in isolation. Benefits we have seen include:
- Lower cost of ownership by removing deduplication of capability.
- Shared funding allowing for implementation of higher quality shared platforms.
- Lower data governance costs through integrated technologies and central data coordination.
- Higher and trusted data availability and quality for use in developing corporate insight.
The diagram below captures the most common elements that form a Data Management Strategy.