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Data silos have plagued organizations large and small alike. Unfortunately, larger organizations face issues related to siloed data at scale—the more departments and working groups, the larger the headache.
Why don’t these organizations just break down these silos? The answer isn’t that easy. To put things into perspective, here’s four key questions our consultants answer on consolidating siloed data.
While there’s many reasons for their delay in consolidating data silos, organizations are facing three main roadblocks:
There are two primary drawbacks to having multiple data silos spread across the organization:
An organization may want to retain data silos for reasons involving security, legality, and commercial sensibility. Each of these are connected.
For example, it may want to control access to data based on a hierarchy or at a functional level. This could be because of legal or regulatory concerns that force it to limit access to personnel with specific credentials or responsibility areas. In addition, some data may only be available on a “need to know” basis, such as commercial interests surrounding intellectual property or trade secrets. These are much easier to safeguard when it can silo data and control access.
When an organization consolidates data silos, it runs into several risks:
Factum is a boutique consultancy with a solid track record of success in helping CIOs and IT leaders with change and transformation, software selection and implementation, and other key organisational areas. Our experienced consultants have worked across numerous industries with Fortune 100 and FTSE 100 companies. We use what we’ve learned and developed from past engagements to bring greater value to organisations like yours.
Get expert help with consolidating your siloed data. Schedule your free discovery call today.