By now, you’ve heard the phrases “data as a strategic asset” or “enterprise information assets”. But how do you get there? Most corporations are just scratching the surface of which practices to put in place to actually support information as an enterprise asset. The incorporation of information governance as a discipline, including tools like SAP enterprise information management and SAP NetWeaver solutions, is viewed by many companies as a way to obtain deep insights into how their organization is using information, and how information enables their success.
By following best practices for information governance, you can deliver on time, eliminate excessive re-works, and reduce costs for your next information projects. Participants of this short survey will receive a confidential and comprehensive analysis report comparing their company’s performance against peer groups.
By completing this survey, you can see where your company ranks against the market. Are you behind? Are you ahead? Are other companies spending more on information governance and information as an asset? Are there common best practices that you are not yet following? SAP is launching the new Information Governance Benchmarking Survey to help you answer those questions. The survey covers the following areas:
- Legal compliance
- Regulatory and standards compliance
- Information-heavy projects (e.g. business process engineering, predictive analytics, and strategic initiatives)
Honestly, this phase is building the database of responses. After enough respondents have completed the survey, we will publish the overall results.
These are the kind of results you can immediately get from the survey.
For example, establishing an Information Governance strategy (the first pillar in the above graphic). From the chart, you can see where the top 25% of your peer group ranked themselves, as well as where the average of the peer group ranks. AND you can rank the importance of an Information Governance strategy to your organization, and where you are now in regards to your own corporate competency. You can drill into details, too, but I’m not showing that here.
You can also see where you rank regarding best practices across various information governance disciplines. For example, look at Best Practice #2: The organization defines clear ownership of data, with formalized escalation paths and data quality monitoring mechanisms.
Regarding that best practice, you can again see where the best of your peer group ranks, the average of your peer group, and your own corporate competency. Particularly, for #2 you can see that your company is waaaaaaaaaay below the peer group average. This becomes a great data point for building an information governance strategy with your organization.
Check it out. Let me know what you think. You always have the option for someone to follow up with you to help you interpret the results and help you make recommendations on how to advance your information governance practice.
Check out the survey here: http://valuemanagement.sap.com