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Single Version of the Truth

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Submitted By shahrukharies
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May 26, 2016 11:29:45 PM EDT
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Harinadha Reddy Pulimi
Week -3 Discussion Board
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Hi Class
In this week of discussion board, after referring all the online and offline documents, I would like to discuss about the given questions meticulously.
Why would a CEO care about the single version of the truth? Describe at least one specific reason why companies struggle to achieve it? Provide one article to support your findings/conclusions?
Dependable particular contemporary quadruplicate Chief Executive Officers assert their statement comprise effective propaganda they demand, in addition, just 13 percent of employment pioneers express their proclamation prevail constantly cutting edge, as appeared by a study by cloud-based power association strategies power Domo and Business Intelligence .A examination of more than 300 business pioneers, including 197 Chief Executive Officers and affiliation heads, discovered business pros think their affiliations need mind blowing mechanical gatherings for information driven fundamental activity, and that they are hampered by a failure to get to accommodating, proper information. The study, "What Business Leaders Hate about Big Data," found that choose 7 percent of supervisors say their reports can oblige their connection's making volume of information, and only 9 percent trust their reports show a solitary kind of the truth. The report in like way found that the most for the most part saw information disappointments among business pioneers are amassed in three zones, including how information is gone on. Around 75% (74 percent) of business pioneers said despite all that they get their information from different, separated sources, regardless of the way that more than half would need to get their information from a combined Indicator Panel.
Frank Bien, the CEO of career learning programming shipper enchanter, express powerful effect of information examination devices especially acumen tools appliance is one motivation driving why affiliations today are trying to accomplish a solitary wellspring of reality with huge information. "There's no association of the information," Bien tells Datanami. "Everybody, in their own particular spreadsheet or representation or work technique, is depicting information shockingly. Individuals get in a room and they can't concur on information estimations. 'Why are we calling this lifetime respect? You're not depicting that right!'"Having a typical strategy of settled upon definitions is clearly one of the fundamental stages in completing a solitary wellspring of reality. In any case, connecting with those definitions at the information layer isn't generally clear. Looker's reaction for this issue is to bring information appearing once more into the fold through LookML, an information indicating dialect that licenses clients to delineate the information set away in a huge illustrative database, for example, Greenplum. Once the information has been appeared, then Looker changes it set up. That gives clients the upside of working from critical information set, however guarantees that it doesn't ought to be moved by standard ETL methods, which can be compelling and tedious in a significant information environment. "We give these affiliations a typical vocabulary and a solid wellspring of estimations that goes way past what a part of the more straightforward acumen gadgets are doing," Bien says. "They're settling on really taught and better choices considering those estimations and information." References: https://hbr.org/1989/09/speed-simplicity-self-confidence-an-interview-with-jack-welch https://www.google.co.in/url?sa=t&rct=j&q=&esrc=s&source=web&cd=6&cad=rja&uact=8&ved=0ahUKEwjF9ZHQ-_fMAhVIsI8KHRrVCscQFghAMAU&url=http%3A%2F%2Fwww.saylor.org%2Fsite%2Ftextbooks%2FOrganizational%2520Behavior.docx&usg=AFQjCNG4PIrFm5fVoOmswpYTBkf2R5TavA&sig2=Lulfewmu34iqf3kt3S7jEQ http://www.eweek.com/small-business/business-intelligence-collection-a-challenge-for-ceos.html http://www.datanami.com/2015/09/02/finding-a-single-version-of-truth-within-big-data/
Thanks,
Harinath May 26, 2016 8:22:42 PM EDT
3 hours ago

Christopher Gray
Week3 - Christopher Gray
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A CEO will use SVOT to help make better decisions about their business. With SVOT a CEO can direct their team down a successful path. Most of the time the truth is created by taking internal and external sources together to produce a single version of the truth. When there is so much information coming in its difficult to pin point the truth. A good approach to winning this battle is to take data from multiple locations and have it store to a single system. From there a company will need to come up with a plan to create a set of standards that will help in putting the data collected in context that will be usable. What I found in my research for this discussion board is that finding the truth is very expensive and timely process that may be successful or a failure to give management a single version of truth. Reference :

King, J. (2003). Business Intelligence: One Version of the Truth. Retrieved May 26, 2016, from http://www.computerworld.com/article/2573492/business-intelligence/business-intelligence--one-version-of-the-truth.html
Thank you,
Christopher Gray
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1 hour ago

Nagendra Kumar Namburi
RE: Week3 - Christopher Gray
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Hi, nice post, I would like to add more points. One of the main reasons for the companies to struggle to achieve it is that there are no centralized database solutions to save all the data and provide the information when needed. Few of them are available but cannot be used full fledged. That gives users the advantage of working from a big data set, but ensures that it doesn't have to be moved by traditional ETL techniques, which can be costly and time-consuming in a big data environment.

Reference

LaFrance, J. (2015). Defining Your Single Version of the Truth. apparatus. Retrieved from http://www.apparatus.net/blog/defining-your-single-version-of-the-truth.

May 26, 2016 6:49:59 PM EDT
5 hours ago

Sai Kiran Kolan
Single version of truth
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Hello everybody,
The reason why a CEO cares about single version truth is because Without one version of the truth, people spend a lot of time arguing about whether there's a problem, how big it might be, and whose fault it could be. Notice what's not being discussed: how to solve the problem The phrase “One version of the truth” has been used across all sectors as a succinct way of saying that data should be consistent without any ambiguity about which value to use by eliminating all the alternatives that might arise through inefficiency in the systems and processes used to collect and manage data. Like many expressions its purpose has been blurred over the years and it is not unusual for business representatives, data architects, and data managers to raise it instinctively if anyone should so much as mention the words “data principle”. Over a number of years, I have ranged from liking the expression, to resisting it and now am certainly inclined to question it. What makes me question it?
When you break the phrase down into its parts the first challenge is “one version”. A version implies that it may change over time and only one is allowed. So, all the rich history of what we thought was true at the time is not permitted?

“Version of the truth” is also somewhat challenging. The truth is the truth; it doesn’t have versions – it just is! The truth may change over time but if it is correctly recorded then at any instance in time there is only one truth.
Why does any of this matter? The first thing is it is important that organizations remember that their databases don’t store “the truth” but instead store someone or something’s perception of the truth. The moment you accept this it is worth considering why you might only want “one version of the perception of the truth”? For example, in a large retailer daily sales can be derived from what passes through the Point of Sale systems in stores. However, it can also be derived from the cash and card transactions, ie takings. When the raw data sets are consolidated through different systems (Supply chain and Finance) and then arrive at the boardroom as different figures, which one do you accept? When making decisions, should you only use one of them, and if so which one? Or might it be better to maintain both and try to determine why they are different and then eliminate the sources of error?
No-one would deny that having one version makes it easier to make decisions but to make good decisions requires accurate data. One version that is wrong is worse than having two versions (right or wrong!) since it will be used as the truth despite being wrong. With two versions you have to investigate further and while that might be tedious and expensive it at least adds value compared to blindly accepting one version of the truth

Reference: * https://www.capgemini.com/blog/capping-it-off/2012/10/one-version-of-the-truth-a-phrase-that-is-past-its-sell-by-date * How To Get One Version Of The Truth - InformationWeek. (n.d.). Retrieved May 25, 2016, from http://www.informationweek.com/it-leadership/how-to-get-one-version-of-the-truth/d/d-id/1101181

Thanks & Regards
Sai Kiran Kolan

Nagendra Kumar Namburi
Why would a CEO care about the single version of truth
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Hi all,
A solitary form of reality by definition implies that there's a solitary representation of basic information, for example, clients, items, resources, etc (a.k.a expert information) that is exceptional, finished, and predictable, and turns into the most dependable and legitimate data for the whole endeavor (Metzger, 2014). With information copied, conflicting, inadequate, and spread in storehouses crosswise over dissimilar frameworks, it requires an uncommon innovation to perceive (divergent information), resolve (into a solitary adaptation of reality), and relate (them to infer some importance). Likewise, you have to hold on the single rendition of reality, store the complete history of all progressions, and genealogy of how copy information has been blended. BI frameworks, or the ETL frameworks that concentrate, change and load information into the BI frameworks, contain the innovation to make the single variant of reality as characterized previously. Expert Data Management (MDM) is developing order inside big business programming space that gives the one of a kind worth to making and keeping up a solitary variant of reality that BI, CRM, or ERP frameworks are not well equipped to handle. That is the reason a number for organizations in different commercial ventures use MDM to bolster solid dimensional and various leveled information to BI sytems for consistence reporting, successful deals/promoting/administration reporting, and so forth (Metzger, 2014).

Getting a solitary variant of the fact of the matter is troublesome due to specialized, social and procedure deterrents. Process in that most organizations as they develop have numerous procedures which once in a while cover in their requirement for parts of information. What's more, without promptly accessible warehouses to draw from (i.e. self-administration IT), they make it themselves by spreadsheet or any methods vital (the train can't stop!)

At that point we have the marvel of scattered associations and scattered capacities and scattered parts that make storehouses of information that again should be rendered for individual use. The nature itself of data and its variations is that it is self-imitating like an infection and develops and recombines in structures few can foresee. Particularly outside of customary legacy information (financials, generation, and so forth.).

Reference:

Metzger, W. (2014). Tell the Truth. Downers Grove, 111.

URL: https://www.sas.com/storefront/aux/en/spcdint/61122_excerpt.pdf
Thanks and Regards
Nagendra Namburi

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