New Findings Reveal that Data governance Projects are Highly Prone to delays and Failure
Difficulty in Understanding and Documenting how Data Moves and is Transformed is Cited as Top Hurdle by Leading IT Executives in New Exeros Study
SANTA CLARA, Calif., July 19, 2007– According to a new study released today by Exeros®, Inc., an innovator in automated data relationship discovery software, two-thirds of IT executives have delayed or abandoned data governance initiatives, revealing an alarmingly high failure rate for projects managing a company’s most critical asset – its data. The survey, conducted by First Market Research, sought to understand the experiences of IT executives implementing and managing data governance projects.
Enterprises are expending enormous resources today on centralized data governance and integration projects like master (or reference) data management, metadata repositories or enterprise data warehouses. In fact, most Fortune 1,000 companies have projects underway to better integrate their sprawling data empires, so they can implement enterprise-wide data governance.
“These delayed and abandoned data governance projects are costing organizations enormous sums of money in wasted manpower and lost opportunity,” said Todd Goldman, vice president of marketing at Exeros. “Enterprises must begin delivering and not delaying data governance success for it to fully emerge as the standard management methodology for ensuring the availability, usability, integrity and security of data.”
According to survey results, delayed and abandoned projects have less to do with the change management or political pitfalls common to many large enterprise projects, and more to do with the sheer complexity of understanding the existing business rules and relationships that direct how data is interpreted and mapped throughout enterprise systems. Both of these processes remain largely manual and require enormous staff-hours, which is compounded by the fact that more than 40 percent of respondents said the lack of skilled personnel was a key contributing factor to delayed and cancelled integration projects.
“Because data is distributed across corporate systems, companies no longer know where their data is located, where it goes, and how it is transformed as it moves across the enterprise,” added Goldman. “And this makes it nearly impossible to establish the policies and procedures required for data governance. The issue is no small matter, considering you have to understand what you have before you can comply with regulations, protect personal information or ensure accurate decision-making.”
An Exeros whitepaper that outlines the survey findings can be accessed at the following URL:
http://www.exeros.com/landingpages/survey.html.
Conducted by First Market Research, more than 130 IT executives from large organizations participated in the survey. More than half of the respondents come from large companies with over $1 billion in revenue, and most work in companies with more than 1,000 employees.
Contact:
Sharon Dratch
Davies Murphy Group, Inc.
(781) 418-2425
exeros@daviesmurphy.com
http://www.daviesmurphy.com
About Exeros
Exeros, the leading data relationship discovery and management company, helps organizations accelerate time to market for their data governance initiatives. Exeros' customers include some of the world's largest financial institutions including investment banks, credit card issuers, and insurance and financial management firms. The company's innovative data relationship discovery engine and analyst work bench, Exeros Discovery, are the most advanced and complete solutions for discovering business rules, data lineage, hidden sensitive data and unknown data inconsistencies buried in corporate data sources.
For more information, call: 408-919-0191; email: info@exeros.com, or visit http://www.exeros.com.
NOTE: Exeros and Exeros DataMapper are trademarks of Exeros, Inc. in the United States and in jurisdictions throughout the world. All other company and product names may be trade names or trademarks of their respective owners.
