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Managing Meta Data for the Business
 
by David Marco Metadata Design Document

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The balance sheet of most any Forbes Global 2000 company would show entries for assets such as property, cash, equipment, and accounts receivable. Unfortunately, one item that is not seen in the asset section of the balance sheet is data. Data is every bit as valuable as property, equipment, and accounts receivable. Low-quality data, poorly understood data, mismanaged data, redundant applications, and poorly built applications prevent companies from effectively managing their other assets. How can a company convert accounts receivables into cash when the accounts receivable system has transaction records with data quality issues that prevent them from ever becoming billable? Moreover, all of the needlessly redundant applications create a substantial cost drain on the enterprise’s cash assets.



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