Baselining Enterprise Data—First Priority for a New CDO
As data becomes simultaneously more important and more complex, new job roles to support and make use of all this data are appearing. One such role is especially notable: that of Chief Data Officer (CDO). A CDO maximizes the value of data, ensuring that data quality is maintained, data strategies align with business goals, and data is formulated and distributed so as to provide insights for the entire organization. It may be a new role, but it’s fast becoming an important one. It’s estimated that 90 percent of large enterprises will have CDOs by 2019.
Data Management Strategy: Why CDOs Rely on Baselining
Most CDOs agree that baselining is important. Baselining is capturing the attributes of a system at one point in time for the purpose of comparing the state of the system at a later time and allow the ability to perform change analysis. Metrics are critical for understanding what’s happening in a data environment, and baselining is foundational for establishing the current state in order to perform reliable metrics. A CDO can’t monitor the quality of data without measurements, and baselining provides the ability to evaluate performance and the ability to accurately plan next steps.
Knowing an enterprise’s data assets, data flow, and data relationships is fundamental to gaining new insights. These insights enable organizations to use their data to create new business value. A particularly intriguing trend is for organizations to monetize their information assets. CDOs are going to be key in driving this trend, and they’ll do so based on knowledge of data and data flow.
Business Intelligence: Baselining Data for Success
When a CDO baselines current data, success metrics need to be defined for data governance and monetization in order to track progress. Findings and metrics should be related to KPIs and business opportunities. The CDO sets an analytic strategy based on the results of the baselining, and the more information the CDO has, the more perceptive the strategy can be.
ROKITT ASTRA Can Make a CDO’s Job Easier
No one understands better than a CDO how important it is for all aspects of the data landscape to be documented and mapped. In order to align data initiatives with business needs the current state of the data needs to be well understood, but manual baselining can be quite time consuming and a new CDO needs actionable information fast. ROKITT ASTRA can automate the baselining process and expedite mapping the entire data environment.
ROKITT ASTRA discovers connections between datasets, providing a deep understanding of how data assets relate. It can tell a CDO how data flows throughout the system and supply details of every step. ROKITT ASTRA makes even the most complex data environment understandable.
ROKITT ASTRA is enormously helpful in finding new monetization opportunities. Not only that; it eliminates the time and expense of manual discovery processes, makes it possible to see and eliminate wasteful procedures, and supplies the information to fine-tune a system to maximum efficiency.
ROKITT ASTRA doesn’t just benefit the CDO. It improves data security, makes the environment more understandable with easy-to-read graphics, creates quality test data, and simplifies the discovery process. Best of all, everyone in an organization can use it to improve business decision making.