Home › Software & Systems › Version of the Truth -- Master Data Management

Version of the Truth -- Master Data Management

October 27, 2011

by Alan Radding

in

Every CFO has experienced dueling spreadsheets. Rival business advocates present compelling spreadsheets. The arguments are clear and persuasive, backed by an impressive array of quantitative data.

On closer inspection, however, the dueling spreadsheets reveal disturbing inconsistencies in the data. Overall 3Q sales for Region 2 are significantly different; customer data in one points in a different direction than the other. Even data about the company’s products are different. How can that be?

Enterprises struggle to gain a consistent, shareable and accurate single version of data across their enterprises—a single version of the truth—according to Gartner’s latest Magic Quadrants for Master Data Management. Yet, achieving and maintaining a single, semantically consistent version of master data is a critical capability that supports many business drivers, from sales to compliance.

Read more... | Source: The Big Fat Finance Blog.

Bookmark/Search this post with:
  • Delicious
  • Digg
  • StumbleUpon
  • Reddit
  • Magnoliacom
  • Newsvine
  • Furl
  • Facebook
  • Google
  • Yahoo
Average: 3.5 (2 votes)

verersion of truth

On March 6th, 2012 andrewmicky (not verified) said:

this is very important topic for all about truth.every person speak truth in normal life

Watch Movies Online For Free

The arguments are clear and

On February 28th, 2012 Gadgets (not verified) said:

The arguments are clear and persuasive, backed by an impressive array of quantitative data.

My partner and I stumbled

On February 28th, 2012 a bfmag.com reader (not verified) said:

My partner and I stumbled over here from a different page and thought I might as well check things out. I like what I see so i am just following you. Look forward to looking into your web page yet again.Apurve Mehra

You made some splendid

On May 20th, 2012 custom house sign store in Brandon FL (not verified) said:

You made some splendid factors there. I do a lookup concerning the subject and found out most individuals will concur jointly with your blog.
custom house sign store in Brandon FL

agree

On January 26th, 2012 high dividend etf (not verified) said:

I agree with the above poster that risk analysis often lacks clear context of the situation and environment of those parameters/.

master data management

On November 29th, 2011 Giuseppe (not verified) said:

Hi Alan,
I think the consistency of data is essential for a manager responsible for the overall management of the financial assets of a company.