Data-driven decision-making is the foundation for driving scalable, global operations for retail enterprises. The #1 biggest hurdle to this is the lack of trust in data being consistent, reliable, and comprehensive enough to be the basis of business decisions. Without this trust, executives are forced to fall back to decision-making that is instinctive but compartmentalized.
This research article explains the un-addressed need for data governance in a large retail enterprise, the anticipated value of a structured Data Governance program tailored for your enterprise, and how Calsoft is your best choice of partner on your Data Governance initiative.
Whether you need a rapid Assessment and Roadmap to round out your Data Strategy, or want to build your Data Quality Management Platform on open source foundations, Calsoft’s Data Governance services provide the tools, processes, and knowledge you need to be delivered using an engagement model tailored for your need, your budget and your timeline.
Major Data Challenges faced by Retailers:
- Multiple Stages in Buyer’s Journey
- Outdated Data Management Practices
- Data Security
Value Impact of Data Governance:
- Project Planning and Change Management
- Data Quality Improvement
- Augment and (eventually) Replace Tribal Knowledge
- Ensuring Compliance
- Unlocking the doors to fully Monetizing your Data