Data Governance in the Cloud: An Integrated Strategy; A Unified Solution
Are you tasked with making organizational decisions that have placed you in a major dilemma? As a decision-maker in today’s fast-paced economy, you must wonder how you can cut costs, improve the bottom line, and still maintain the data quality necessary to make strategic decisions.
Take heart because it IS possible to achieve a balance of on-premise and off-premise Enterprise Performance Management (EPM) software while maintaining integrity and control of your data to provide the quality and data assurance needed for success – AND benefit financially from new Cloud technologies.
Success is a combination of understanding what each data tract requires and creating an integration strategy consisting of the necessary business processes and software tools that deliver consistency and integrity of your EPM strategic data.
Past trends called for a tight on-premise coupling of all EPM software to achieve the best results. This strategy required maintenance of a large hardware and software infrastructure and related personnel to keep everything running smoothly. The new Cloud “POD” subscriptions are geared toward reducing the high costs of infrastructure which is a financial benefit. As in all things in life, there is a consequence of moving to Cloud technology. An unexpected consequence of Pod technology is the creation of isolated silos of information, but there is an easy resolution! The key to overcoming this limitation is to gain an understanding of what each component offers and demands, and creating an integration strategy to bridge that gap.
If you are interested in learning how to create this strategy to bring the various pieces together as a unified solution or if your organization plans to migrate to the EPM Cloud platform in the future, this whitepaper helps to define a process to pre-build the integration strategy and make moving to the Cloud easier with reduced time to migrate.