According to Forbes, nearly 80% of businesses are essentially blind to what’s happening across their unstructured data. It’s much like how the majority of an iceberg is submerged beneath the ocean and all you can see from the surface is a fraction of its actual size.
When it comes to business data, I suppose you could call this a ‘databerg’. In most organizations, only the very tip of the vast amount of data available to an enterprise is visible, and therefore, used.
More organizations are adopting self-service business intelligence (B.I.) solutions to get a clear view of their business data and on the surface it’s easy to see why. With self-service B.I., business users can get access to the data and insights they need, when they need them and rapidly take action, all without having to rely on IT.
But if you look at what lies beneath, you’ll notice a flaw that makes self-service B.I. a not-so-intelligent solution.
These tools are only as good as the foundational data that they are built upon.
With self-service B.I., each business unit has a data mart and often sets its own definitions and metrics for the data. If there are different rules across different business units then the data can have variances in quality. When you want to compare insights from the B.I. tools across each unit, this makes it difficult to trust the information presented.
As you keep layering your solution on top of poor data, you’re just creating a house of cards that will eventually come tumbling down. You are also creating a decentralised and hard-to-manage environment.
Build your B.I. with confidence using Data Vault 2.0
Data Vault 2.0 was born out of the necessity for the US Federal Government to meet growing data challenges. When dealing with complex regulatory and compliance issues, accuracy is everything.
Data Vault 2.0’s unique architecture delivers full auditability by protecting the integrity and origin of the data. While traditional methods only present a “version of the truth,” a Data Vault can offer all the data, all the time. This provides improved accuracy and data integrity, allowing an auditor to trace values back to the source.
Sharing and managing data across multiple business units, departments or government entities can bring significant benefits. This is something that The Dutch Tax Authority and the Central Bureau of Statistics realised.
Watch Dan Linstedt, inventor of Data Vault 2.0, explain how these two government agencies broke down the silos and realised the ability to share data across their organisations.
Is Data Vault 2.0 right for you? Here are a few simple questions to ask yourself:
- Would you like to eliminate databergs in your organisation?
- Do you want to reduce the cost of information management and compliance?
- Can you effectively leverage your data to drive policy?
- Is there a lack of trust in the data that your organisation is using?
Download our eBook Unlocking Data Vault 2.0 to understand how Data Vault 2.0 provides a faster, lower-cost and more agile approach to enterprise data management in your business.