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While Business Intelligence and Performance Management solutions are often the end state solutions that business leaders envision, IT understands the complexities associated with sourcing, consolidating and deriving quality data to support advanced analytical and reporting applications. After all, what good is a spectacular looking CFO dashboard or customer profitability report if the underlying data is of poor quality or out of date. The old adage of “Garbage In, Garbage Out” has never been more fitting than it is with today’s BI and Performance Management initiatives.
Adding to the standard challenges of sourcing, cleansing and synchronizing data are today’s added regulatory burdens. Good data is no longer “good enough”. CFOs and CIOs must collaborate and ensure that they can attest to the lineage and quality of their firm’s financial data. The stakes for poor data quality have never been higher. Setting aside the often over-hyped personal liabilities associated with legislation such as Sarbanes-Oxley, companies and their shareholders pay a real and significant price when financial markets lose confidence in the numbers being reported.
HyNote Data Foundations Center of Excellence combines centralized methodology, governance and accountability with a best of breed approach to delivering solutions to meet our clients’ Enterprise Data Management needs. We partner with leading technology providers and an elite group of data warehousing, data quality and enterprise application integration experts to deliver high quality EDM solutions without the added costs associated with traditional consulting and systems integration providers. |
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