Using Data Unification And Management Cloud To Achieve Interoperable Data

The article discusses the challenges and potential solutions to the issue of siloed data in enterprises. It states that while many companies have undergone digital transformations, the risk of failure is high due to fragmented and siloed data. The author suggests that enterprises should transition to a state of interoperable core data, treating datasets as reusable, evergreen products that provide value across the organization. This requires a strategic plan and a shift in mindset from stockpiling siloed data to maximizing data's economic value by enabling a seamless exchange between systems and users.

The article further explores how data interoperability can unlock digital transformation. It suggests that companies should adopt data unification and management tools, which can break down silos in real time using flexible APIs. The author also emphasizes the importance of robust data governance and the adoption of widely recognized data standards and formats. The article concludes by stating that interoperable data can help unleash the power of digital transformation, drive enterprise growth, and provide a competitive edge.

Key takeaways:

Fragmented, siloed data is a significant problem for enterprises, leading to poor decision-making, wasted resources, increased risk and missed opportunities.
Companies should work towards a unified customer data foundation, accessible and reusable by all applications and teams, to maximize the economic value of their data.
Data interoperability can unlock digital transformation by providing a unified, 360-degree view of customers, products, vendors, assets and more.
Adopting widely recognized data standards and formats, conducting a full data audit, and implementing robust data governance are key steps towards achieving data interoperability.

Using Data Unification And Management Cloud To Achieve Interoperable Data

Key takeaways:

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