Why Purchase Enterprise Data Management System? - Course Monster Blog

When the pandemic first hit, every business had to react quickly. After nearly two years, you’d think the speed of change would begin to slow. It hasn’t happened. Businesses are more resilient and moving faster than ever before, that’s why it is better to purchase an enterprise data management system.

Companies must adjust and change quickly in order to adapt and survive, or risk being left behind. Many people are looking for new technology to help them succeed with their digital, financial, and business transitions. Modern cloud applications are an essential component of any digital strategy, but consistent organizational data is essential for supporting these transformative developments.

To address the data difficulties that occur with routine structural change, firms have traditionally employed spreadsheets, homegrown tools, departmental wikis, workflow engines, and bespoke solutions. Meetings, back-and-forth emails, manual recordings, and manual data uploads are common DIY operations.

When the pandemic arrived, DIY equipment and procedures were hopelessly inadequate. Before the invention of remote working, most data management decisions were made in person, involving a few key employees who consolidated data entry, resulting in a single point of failure.

DIY master data management does not cut it in a dynamic, cloud-enabled organization. It’s inconvenient, difficult to maintain, and usually only a small number of people in the organization understand it—all of which creates risk.

Some organizations are attracted to going in-house because they believe it gives them more control and better integration capabilities—but they usually overlook the realities. They must not only produce a minimal viable product but also continuously develop and nurture it. As usage grows and the number of changes managed within grows, the brittle character of change procedures becomes apparent. Data management complexity develops as data grows and new applications and domains are brought in. Scaling this in-house becomes difficult. The expenses and overheads of improving, scaling, upgrading, maintaining, and backing up such a solution quickly add up to a bottomless pit of money. Your beloved solution has suddenly become a white elephant.

There is an alternative. To manage and preserve consistent data, today’s businesses require a fully digital, adaptable, agile, and incremental platform and service that enables teams to collaborate from the start to manage and oversee structural changes.

The advantages of a purpose-built cloud Enterprise Data Management System

Instead of depending on do-it-yourself solutions, businesses should consider a purpose-built, off-the-shelf EDM solution such as Oracle Enterprise Data Management. Consider Oracle enterprise data management system for the following reasons:

• Purpose-builtOracle EDM is designed specifically to address enterprise data change management issues. A complicated organization, for example, with multiple legal entities, and operational and analytical requirements, requires a flexible platform like EDM. The alternative is to create data management solutions from disparate technologies that were not designed to function together.
• Connected and integratedOracle EDM is an open interface that allows you to integrate with any system, whether it is operational or analytical, Oracle or non-Oracle. New templates enable implementation partners to use accelerators to expand the scope to incorporate third-party programs such as SAP, Workday, and others. All of these features are provided at no additional cost to EDM customers. In a do-it-yourself scenario, each of these capabilities would have to be coded by the customer and maintained over time through engineering change orders, necessitating ongoing care and feeding as well as additional costs to the company.
• Self-service and citizen-ledBusiness users, including application owners and data managers, can configure policies, permissions, and business rules so that EDM’s context-aware inference engine can invite participants to human workflows and automatically harmonize data across applications. Even the most complicated settings are designed to be available to the business, not IT, in the spirit of self-service. A visual designer, for example, can be used by business users to define business logic and translate their needs into calculated values, filters, predicates, and data transformations. You can modify data without coding knowledge if you can explain it logically.
• Rapid innovationOracle EDM is an established solution. It has been broadly available as a SaaS service for five years, during which time Oracle has delivered more than 25 major feature releases, rapidly delivering new capabilities to our clients. Oracle EDM has altered the game by directing its patented technologies to use agile techniques to incrementally evolve data transformation initiatives, add business rules atomically (one at a time without interfering with other rules), and adjust processes to changing data regulations and standards.

Explore the advantages of comprehensive data management systems by signing up at Oracle® R12 Essentials for Implementers.

55% more efficient

The story of a huge retail organization exemplifies the distinction between build and buy choices. There were three enterprise resource planning (ERP) systems in use at the organization. As a result, all changes to the company’s chart of accounts had to be routed through these three ERPs, as well as planning, financial consolidation and closing, and other systems. It took at least four individuals and over five hours for the shop to perform a single master data change.

According to the company’s own time and motion research, the retailer understood it needed a more streamlined, automated approach, so they chose Oracle Cloud enterprise data management system. Now, change management involves one person and slightly more than two hours. Consider the resource reallocation they obtained in light of the regularity with which enterprise data must be managed for routine updates (not to mention major events, like a merger or a new ERP system).

Discover how Enterprise Data Management Systems can secure your data’s future by joining up at Oracle® R12 Essentials for Implementers.

According to the retailer’s research, Oracle EDM is 55% more efficient than their proprietary end-to-end process. In the short term, the company will cut licenses over several on-premises systems, standardize on one chart of accounts, and work toward automating the financial closure. It also features a unified enterprise data management approach that is used by all locations in all geographic regions.

The most significant distinction is that cloud-delivered enterprise data management system enables a corporation to optimize its data resources (people, knowledge, and technology), freeing up application administrators and others for more productive work. Instead of traditional data administration, they can focus on innovation and improving their competitive advantage.

When it comes to build vs. buy, “Buy” is definitely the best

The advantages of a cloud enterprise data management system solution extend beyond efficiency. A purpose-built EDM system can cut IT expenses, increase data governance, reduce the risk associated with incorrect data, and free up your employees to work on more value-added tasks. Building customized technology is similar to building and flying your personal airplane. You are the only person on the planet who is piloting that plane! Who would ever construct an airplane for themselves? It’s a terrible idea. Our commitment is to create software of the best quality, at the lowest possible cost, with the fewest errors and omissions, and at the lowest possible risk.

Here at CourseMonster, we know how hard it may be to find the right time and funds for training. We provide effective training programs that enable you to select the training option that best meets the demands of your company.

For more information, please get in touch with one of our course advisers today or contact us at training@coursemonster.com