In the current global marketplace, businesses, suppliers and customers are creating and consuming vast amounts of information. However, according to Gartner, with the increased adoption and fragmentation of third party applications, such as cloud, big data and mobile, managing the flow of this information is proving to be more challenging than ever before.
Gartner stated over the next few years companies will spend more on application integration than on new application systems. Because data governance tends to focus on the security of the whole business ecosystem, it has been considered the fastest and most reliable way to have two applications interact; key for enterprise flexibility and adaptability.
This means that governing the flow of data is more important than ever, businesses need to know who they are dealing with and how it’s impacting their business.
Many businesses are lacking the infrastructure to enforce governance through the flow of data; instead they are stuck firefighting urgent issues. If the critical nature and importance of data governance is over looked, it can cause an earthquake in the running of any organisation. Take a disruption in delivering data to an application for example, this has the potential to halt production, damage a brand’s reputation and reduce sales.
Data & The Assembly Line: Keep Processes In Sync
In the automotive manufacturing industry, a smooth and efficient supply chain is the key to business prosperity. Most of the industry is currently relying on ‘Just In Time’ and ‘Just In Sequence’, primarily because automotive manufactures require real-time analytics on the production and delivery of parts and automobiles.
Once the manufacturing schedule is ready based on orders, it generates orders to suppliers for delivery in due time and due sequence of parts to the factory line, and synchronised instructions to the factory to handle the parts to produce the expected cars as expected.
A single blockage of a file, between the factory schedule generation and the execution of the schedule by the factory, could chaos for any automotive manufacturing organisation.
In order to the repair the problem, the factory would need to be shut down for 24 hours, which means the suppliers would have be notified, to call back their trucks and parts, wait for the new and updated orders and timeframe, and would have to reprocess data from the beginning and reschedule all orders. A case like this is catastrophic in terms of cost, SLA penalties, productivity and delays.
What’s missing here is the notion of prevention over cure. If an organisation has perfect knowledge of the routes where the flow of data is taking place, the capability to detect any failure or blockage before it creates the disruption in the supply chain is increased tenfold.
Don’t Give Your Customers A Reason To Shop Around
The retail sector forms an important part of the UK economy, and has a profound impact on the whole of society. Valued at over £300bn, it employs one in nine working people in the UK and accounts for one in 12 companies.
However, one of the biggest challenges the retail sector faces sector is faces is retaining customers and protecting customer data. One way to ensure that a retail company doesn’t end up in the news over the next big data breach is to protect your data and ensure that your data transfers are secure.
To avoid such a crisis, retailers need to successfully and efficiently manage the exchange of customer data between stores, vendors and other trading partners.
Retailers can reduce the cost and complexity of protecting customer information with solutions that allow retailers to not only secure consumer data as it leaves and enters the enterprise edge but can also achieve compliance with all retail data privacy mandates.
CFT: When Prevention Is Your Best Defence
As business processes are becoming increasingly complex and interdependent, the need to efficiently and securely move data between diverse systems and applications across multiple sites grows exponentially. So, what businesses in this day and age need, particularly those working against strict SLA’s or dealing with sensitive information, is to manage the complete lifecycle of information.
To meet this demand, organisations are turning to CFT solutions. This solution is combined with Central Governance capabilities, which has the ability to secure the exchange of information in many ways; both in rest and in motion, providing the organisation with a central cockpit for data control and analysis.
Another benefit of CFT is that it gives organisations complete transparency over their flow of data. This level of transparency means that if an issue was to occur, it can be immediately identified, pin pointed and repaired.
In comparison to most other technologies, this means the time needed to locate the issue or repair the interruption, is significantly reduced. Whereas other technologies could take days or weeks to locate and fix the problem.
What’s more, Transfer CFT solutions enable users to view the state of transfers, audit transfer histories in compliance with government regulations, receive alerts when a problem occurs, and quickly act to remedy transfer issues – perfect for organisations dealing with critical customer data.
Data is now the backbone of most organisations, by implementing a bulletproof network with a seamless process, organisations in some of the most demanding industries, including the financial, retail and automotive, businesses like these will begin to reap the benefits.