When organizations deal with large and complex projects, data management challenges naturally arise. These challenges don't have to be daunting. Organizational strategic plans, execution models, project portfolios, budgets, and all their ancillary data provide a solid foundation upon which an organization can build efficiency, data integrity, and ultimately confidence in decision-making.
The most fundamental challenge for organizations is collecting data, as it can exist in many forms, even handwritten documents and personally generated presentations. This process can be further confounded by the disparate sources in which data and documents reside, including proprietary and non-collaborative databases, custom systems, and manual documentation exported from other sources.
Without organization, organizations may be forced to continue investing significant time, human resources, and money into manually integrating all this data while racing against time. . The portal management team will have a hard time editing reports efficiently, let alone making intelligent decisions based on the data.
The solution lies in leveraging a data collection and reporting platform that supports an easy-to-use online, -enabled cloud computing approach. Manage strategic plans, process models, portfolios, and budgets in the same context as your enterprise architecture, allowing organizations to easily connect these data sets to other data sets. This can only be done effectively in a purpose-built data management platform designed specifically for this complex task, which allows organizations to incrementally apply customized business processes, data models, and security requirements to the problem.
This approach helps integrate information from corresponding systems of record into new knowledge databases. Here, organizations can optimize data management efforts, provide direct data interactions to the most immediate data owners, enhance data models with additional information, implement security and custom business processes, organize specific dashboards of relevant summary information, and even close Reduce non-collaborative applications as needed.
Of course, a centralized platform serves the team. Empowering each member to manage and enrich their domain-specific data enables them to inspect, validate and maintain their own small data sets without burdensome reporting requirements and change request procedures, resulting in high-quality, authoritative, real-time data.
The benefits are many and can facilitate every aspect of operations:
• Uncover cost-saving opportunities in cross-portfolio similarity, redundancy and dependency analysis
• Faster reporting and analysis
• Improve overall data integrity
• Minimize system support requirements, increase productivity
• Get rid of tedious manual data collection and verification, allowing employees to focus on more meaningful tasks and increase job satisfaction.
• Minimize errors in analysis, reporting and planning due to bad data.
•Enhance stakeholder trust and take decisive action.
By unifying disparate data sources from both common and proprietary reporting tools into an intuitive platform and decentralizing data management activities, organizations will see the cost of generating and maintaining large amounts of data drop dramatically. Best of all, you'll get the highest quality, real-time information so you can make better business decisions.
