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Why is it important* to have an *enterprisewide view of data* in an organization?

User NeonDion
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Final answer:

Having an enterprisewide view of data is important in an organization because it allows for a comprehensive understanding of the data across different departments and functions. This helps in making informed and strategic decisions that are based on accurate and complete information. It also enables better data governance and management practices, supports organizational transparency and accountability, and promotes collaboration and coordination.

Step-by-step explanation:

Having an enterprisewide view of data is important in an organization because it allows for a comprehensive understanding of the data across different departments and functions. This helps in making informed and strategic decisions that are based on accurate and complete information. For example, if an organization has an enterprisewide view of sales data, it can identify patterns and trends across regions and customer segments, which can inform sales strategies and target marketing efforts.

Furthermore, an enterprisewide view of data enables better data governance and data management practices. It ensures data consistency, integrity, and security, as well as efficient data sharing and collaboration. This is crucial in today's data-driven business environment where organizations rely heavily on accurate and reliable data for decision-making.

In addition, an enterprisewide view of data supports organizational transparency and accountability. When data is accessible and visible to all relevant stakeholders, it promotes trust and collaboration within the organization. It also enables effective communication and coordination across different teams and departments.

User Herve
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