Achieving EDM is a large and prolonged process. In most cases, companies seeking “instant gratification” have shifted their attention elsewhere, due to its complexity and the unlikelihood of it translating into short-term returns. However, recently we have seen the industry shift its focus back to EDM. As a result, it is a rapidly evolving and expanding area of technology. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an original essay The challenges that prevent companies from implementing EDM initiatives have varying levels of complexity and, depending on the organization, could have varying levels of impact on EDM decisions. The main challenge C-level executives face in managing enterprise data is its IT complexity. This is due to the large number of companies still using legacy systems, which makes the integration of EDM systems more complex, as legacy systems do not always communicate correctly with updated ones. Likewise, companies that choose to store data in legacy systems are more likely to face availability and security issues. For this reason, some companies consider migrating to new systems that incorporate enterprise data management tools, or simply consider taking the necessary (budgetary) steps to achieve EDM by making greater investments in their infrastructure. However, budget constraints appear to be an obstacle for companies when trying to adopt either of these two approaches, mainly because executives usually do not see a concrete return on their investment. A third challenge in managing corporate data involves staffing. Only a few companies have dedicated EDM teams, and most do not have a C-level role responsible for the EDM implementation process. I would attribute the above-mentioned challenge to the fact that in some cases it may be very difficult to get buy-in at the board level. Additionally, companies new to EDM may struggle to understand how to leverage data for business purposes, leading board members to prevent executives from making more investments in that area. Furthermore, additional problems arise when data ownership is taken into account due to privacy and sensitivity concerns. What are the business drivers for cloud computing? Since its inception, cloud service providers have championed the cause of cost savings offered by their services, however, cloud computing offers much more than just cost savings. When companies started implementing cloud services into their processes, they came to the conclusion that cloud computing eliminates any infrastructure problems, making virtualization possible. The cloud allows companies to incorporate initiatives more quickly because services are readily available, making it easier to work on time-constrained projects. Likewise, an additional advantage of the cloud is its scalability. As business needs change, it's much easier to expand or shrink the cloud, allowing companies to save money on infrastructure investments. Likewise, the success of the cloud has benefited both small and large businesses. In the case of small businesses, they can rest assured that all their IT needs can be solved using a low-cost cloud service. Cloud services are believed to cost less because you often have the option to pay as you go, whereas before.
tags