Course hero which is an example of a company where a low integration control system would work best?12/24/2023 Getting answers to basic questions such as “who are our most profitable customers?”, “what product(s) have the best margins?” or in some cases, “how many employees do we have”? become tough to answer – or at least with any degree of accuracy.īasically, the need for accurate, timely information is acute and as sources of data increase, managing it consistently and keeping data definitions up to date so all parts of a business use the same information is a never ending challenge. When this occurs, answering even the most basic, but critical questions about any type of performance metric or KPI for a business accurately becomes a pain. Many businesses today, especially global enterprises have hundreds of separate applications and systems (ie ERP, CRM) where data that crosses organizational departments or divisions can easily become fragmented, duplicated and most commonly out of date. According to a recent Dataversity article, analysts predict that digitized businesses will stand out through their enterprise data management and data governance strategies in 2023.
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