Data and the information derived from it form the basis for the strategic control and supervision of companies. It follows that corporate decisions are directly dependent on the quality and structure of the data pool. If the data should be incorrect, inconsistent or incomplete, the effectiveness of the internal control systems will likewise be impaired.
The ever growing volume of data, new service-oriented IT architectures, increasing requirements of supervisory law, and the great need for information on the part of users must be taken into consideration to ensure effective data management and data quality. Proactive management of the data pool is key to this.