The Insider's Guide to Next-Generation BPM
By Marty Moseley, CTO, Initiate Systems , 11/12/2007
Print this article
Email this article
Talk Back!
Write to Editor
Data governance practices are essential for managing data as an asset. These practices
establish repeatable, measurable business processes and manageable policies for
improving data quality. Data governance helps companies meet regulatory compliance
mandates while improving revenue opportunities and customer and partner relationships
through the power of higher quality information.
Despite the universal acceptance that data governance practices are worthwhile, businesses have historically bypassed the discipline in favor of other initiatives that more directly impact the bottom line or provide an immediate return on investment (ROI).
The growing requirements for data privacy and security have altered this landscape for the modern enterprise. Today's commercial businesses are being driven into data governance action by legislation such as the Gramm-Leach-Bliley Act and the Sarbanes Oxley Act.
Even with these legislative motivators, data governance is at best inconsistent. Most businesses require a guiding hand to assist them with the best ways to achieve success. Once again, companies are discussing the value of data to corporate operations and to gain insight and visibility into corporate performance. However legislative motivators have created a tipping point where companies must ensure they are protecting consumer privacy preferences and other personal data.
Why Companies Struggle
Although some companies today are doing a good job with data governance, they are the exceptions and not the rule. The big question is why do companies continue to struggle with this practice when the proper management of company data will increase revenue, improve customer and partner relationships and company operations, and assist with regulatory compliance issues?
One reason is that many businesses are short sighted because they operate on a quarter-by-quarter revenue model. In addition, most publicly traded companies are focused on ensuring strong short term stock performance. These objectives conflict with data governance initiatives, which usually have a less direct ROI cycle, and are competing for precious resources with other corporate programs that promise more immediate revenue, efficiency, or profitability benefits.
Another reason is that data governance and sharing data between product groups or divisions of the same company can be highly political. Often, business leaders that become territorial about their customer data are unwilling to share data, even for the betterment of the greater good. For instance, imagine a software company that offers two types of consumer applications. There may be natural relationships between the products which could afford the company the opportunity to cross sell to an existing customer base, but the business executive of Division A refuses to share his customer data because he is not rewarded based on the performance of Division B. This type of "turf war" happens frequently and extinguishes an opportunity for the company, as a whole, to perform to its best advantage.
-1-
Smart Case Management: Why It's So Smart.
Data Virtualization: Putting Your Data to Work for Your Cloud, BPM, MDM, and SOA Projects
Live Discussion: Smart SOA Governance-A Look at Successful Case Studies
The Right Way to Do Data Integration for Composite Applications
HP Gets Cozier With Informatica 
Panorama Software has SaaS BI Ambitions
Picking the Right Vendor With the Right RFP Review Process
Business Intelligence for the Small to Medium-Sized Business
BI SaaS is Hot (and Fiercely Competitive)
March 10, 2011
The sixth annual BPM in Action 2011 Virtual Conference will explore cutting-edge market developments in BPM and describe how to leverage them for improved business operation and performance. More
Date:Nov 05, 2009
Time:12:00 PM
ET- (17:00 GMT)
Date:Oct 29, 2009
Time:13:30 PM
ET- (17:30 GMT)
In part two of Joe McKendrick's recent podcast with Miko Matsumura, chief strategist for Software AG, they talk about how SOA and IT systems need to change and grow and adapt with the organization around it.
Listen Now
Phil Wainewright interviews David Vap, VP of products at RightNow Technologies, and finds out how sharing best practices can help businesses understand how best to engage with online communities.
Listen Now
Scott Hebner, Vice President of Marketing and Strategy for IBM Rational, discusses a topic on the top of every company's mind today: getting the most from IT investments.
Listen Now
In BI, this tough economy and the increasing role of Web 2.0 and MDM are certainly topics on people's minds today. WiseAnalytics' Lyndsay Wise addresses each of them in this informative podcast.
Listen Now
Deepak Singh, President and CTO of Adeptia, joins ebizQ's Dennis Byron in a podcast that gets its hand around the trend of industry-specific BPM.
Listen NowSmart event processing can help your company run smarter and faster. This comprehensive guide helps you research the basics of complex event processing (CEP) and learn how to get started on the right foot with your CEP project using EDA, RFID, SOA, SCADA and other relevant technologies. Learn More
A lot of people are talking about Enterprise 2.0 as being the business application of Web 2.0 technology. However, there's still some debate on exactly what this technology entails, how it applies to today's business models, and which components bring true value. Some use the term Enterprise 2.0 exclusively to describe the use of social networking technologies in the enterprise, while others use it to describe a web economy platform, or the technological framework behind such a platform. Still others say that Enterprise 2.0 is all of these things. Learn More
|
|
This new publication from our sister site SearchSOA.com explores workflow, business activity monitoring (BAM) and complex event processing (CEP) issues. |
|
|
