Information consolidation is a crucial aspect of effective company management and informed business decision-making. Managers need to ensure that the data they rely on accurately reflects the actual business situation.
As enterprises grow, the issue of uncoordinated data becomes increasingly problematic. The addition of new departments, stores, information sources, and system users exacerbates the challenges of inconsistent data and incompatible formats. Consequently, organizations often lack a unified and consolidated source of truth for their data.
To address these challenges, companies must focus on consolidating, processing, and effectively managing both structured and unstructured enterprise information throughout its lifecycle. Consolidation not only ensures data consistency but also helps reduce total cost of ownership (TCO), simplifies IT infrastructure management, optimizes data warehouse utilization, and enhances the performance of applied systems.
During the implementation of an information consolidation solution, CONIM consultants develop a comprehensive methodology for enterprise information consolidation. This approach supports efficient information lifecycle management, enabling businesses to maximize the use of their enterprise data while simultaneously minimizing TCO.