Data Consolidation

Do you need to make decisions but believe that the information you have is either unavailable or incomplete? Many companies already have reporting teams however the struggle happens when senior management needs more than a static historical view.
The best way to resolve this issue is by mining data without introducing complex and expensive systems or disrupting business flow.
In order to do so, just follow these easy steps:

• Does the data needed exist? If not then work with IT to identify data needs and build a database.
• Is the data correct? If not then test and recommend data fixes.
• Can you get the data consistently with minimum effort? If not then prototype and test solutions to download data more frequently.

Once data is defined and stored in a “single-source-of-truth” fashion, then information could be organized to allow in-depth analyses while supporting and not paralyzing decision-making.