Enterprise data management work ‘needs organisational backing’

An entire organisation needs to throw its weight behind data management initiatives for them to be a success.

Writing on the Financial Director website, columnist Richard Crump explained that many businesses are struggling to come to terms with demands for improved performance and transparency levels, as well as having to deal with uncertain economic conditions.

He said that financial directors can employ business intelligence (BI) systems to help them out in regard to these issues, but pointed out that they also require the backing of their colleagues.

"For financial directors to collect better BI and enterprise performance management data – and to be able to analyse it more effectively – they require non-financial partners across their business to buy into the process," Mr Crump stated.

Last month, similar findings were contained in an IBS Intelligence study, which noted that effective enterprise data management projects need to be successfully coordinated across an organisation.