The benefits of getting to a single source of truth, of course, are enormous. It can catapult an organization to become one that is truly data-driven.
Imagine if your business teams and executives had a holistic view of all your data with full confidence in its integrity. And in addition, what if they had the ability to dive down to the lowest level of detail as needed, with instant response times? What if your data scientists could traverse these systems and apply their models and algorithms using consistent semantic definitions? What if your business users could slice and dice and explore this data at a massive scale without having to rely on programming experts?
However, a number of factors come in the way:
- Silos of information, owned by different teams and stored in separate databases and data warehouses
- Data growing beyond the scalability or affordability limits of existing systems
- New data sources that need to be cleansed and combined with existing systems
- Lack of consistent definitions of data elements across multiple systems
- Lack of cooperation between multiple groups within an enterprise
- And many more
To learn more about what is single source of truth and how it impacts the organization, watch our webinar on “Single Source of Truth in the Enterprise: From Mirage to Reality.” Our partners, Impetus Technologies, bring their learnings from multiple engagements with customers who have traversed this path and provide insights on how to put together technology, platforms, and processes to build a single source of truth for your enterprise.
FAQs
What are the benefits of having a single source of truth across the enterprise data?
A single source of truth offers your business teams and executives a holistic view of all your data with full confidence in its integrity. And in addition, they can dive down to the lowest level of detail as needed, with instant response times. Semantic models create a unified data view and allow business users to slice, dice, and explore this data at a massive scale without relying on programming experts.
What is the single source of truth?
SSOT or Single Source of Truth refers to bringing enterprise data from different sources into a single location, providing a single point of access and unified view to all users across the organization. As a result, everyone bases all critical business decisions on the same data instead of relying on inconsistent versions or siloed information.