With a continuously increasing demand for - and growth of - organizational data, the need to have a single source of truth - in the form of consolidated data, which is free of redundancy and can be trusted - is also growing. For correct decision making, enterprise planning, and organizational strategy, the data accuracy is a heightened concern of CFOs and senior management. Any decision based on even slightly inaccurate data can be misleading to organizational objectives as well as investors - and could have a drastic financial impact.
In organizations, where there are multiple or process-specific applications and data stores, data consolidation can be a challenge. Historically data warehouses were used to obtain quality in data. However, with the growth of data sources and data volume, there needs to be a layer of data that consolidates it on the lowest level – contrary to the summarized and historic data in data warehouses – which will proof the data, quality-certify the collected data from heterogeneous sources (i.e. CRM, ERP, etc), and then move it to a conventional data warehouse. To obtain such quality, there needs to be an organizational data integration strategy, which governs the data flow frequency, data systems integration, alignment of business principals with the data management, organizational metadata strategy, etc.
BIKO Technologies has put special emphasis in understanding these processes – down to even the minor details. We have worked with each client to uniquely identify the organizational data objectives to fulfill the promise of a trustworthy data, available 24/7. Even though there is no silver bullet to solve all master data issues, with our cross-industry exposure in the resolution of such problems, we have carefully formulated an agile master data methodology - through which we ensure every step is taken with complete caution, and aligned with your organizational initiatives.