Data Management Strategy - The Power to Know

"If you're not managing your data, it will become useless. Unmanaged data erodes at a rate of 24% per year; in just four years only 4% of your data will be of any use or any value to you." - Gartner 2004

Data Management is a critical part of business strategy as it is responsible for the transformation process of data into information. Information is the lifeblood of a business; its health is vital to an organisation and is fundamental to your success and competitive edge. Good information reduces uncertainty surrounding decision making, and contributes to aspects such as improved productivity, compliance, and more focused marketing and customer loyalty.

As information relies on data from multiple sources, the impact of inaccurate, inconsistent and incomplete data on any business is far reaching. Consequences such as lost profits, operational delays and customer dissatisfaction are but a few examples.

Our Approach to Data Management

Our Data Management Practice (DMP) is designed to help our clients to improve the information and intelligence they use to manage their business. Like any business initiative, data management requires an investment in time, resources and often, technology. CapricornVentis provides a broad range of professional services, technology and training to tailor a solution to fit your needs.

Typically our DMP services include:

• Defining the information requirements for the business.
• Creating and setting data quality benchmarks regarding how data is sourced, captured, structured, retrieved, presented and communicated.
• Conducting a GAP analysis on current processes.
• Providing services and tools to bridge gaps and to reach those benchmarks.
• Monitoring and conducting ongoing data audits/reviews.
• Training your staff.

If your business needs to improve their data management, then we would be delighted to talk to you about a solution that is tailored to your own business.