In today's fast-paced business world, companies must make informed business decisions in less time than ever before. Organizations face increasing pressure to improve value, accountability, performance, and quality (while reducing risk) to meet the demands of stakeholders, customers, employees, and the government. The economic climate exacerbates demands to cut costs, improve efficiency, and improve revenue.
In this challenging environment, businesses need to predict trends, react quickly to market changes and respond to competitors. Yet many organizations still struggle to provide executives, managers, and staff with the precise information they need to make smart, timely decisions. Without reliable and accurate data, decision-makers must pass decisions up the chain of command, set aside other work while they collect their own data or make judgments based on questionable information—all of which can slow a company's progress and jeopardize its chances for success.
Information is one of your company’s greatest assets. To realize the greatest benefit, it needs procedures, standards, and controls to help collect, process, and distribute data efficiently and securely. It also needs to promote a culture that makes everyone responsible for collecting data; sharing information; and understanding quality, security and content standards.