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Latin America Investment News on Viva Tropical

Data Integration Stumbling Block in Central America

Article Summary:

The lack of adequate tools and methods in data integration is the main stumbling block to implementing strategic business projects in Central American countries, say specialized consulting experts.

Photo Credit: Estrategia y Negocios

Original Article Text From Estrategia y Negocios via Google Translate :

Banking Leader In Data Integration In The Region

The lack of adequate tools and methods in data integration is the main stumbling block to implementing strategic business projects in Central American countries, according to experts at BD Consulting, which specializes in e-Business applications in Central America.

According to Maurice Monge, architect BD Solutions Consulting, the business intelligence initiatives fail due to lack of data integration, because companies and, in particular the Central Government institutions have scattered information that prevent them from having accurate data, even to issues of high importance as the economy, education, health and safety.

“Organizations can not make decisions with fragmented information because they lack a unified vision. So many business intelligence projects have failed, “says Monge.

Juan Francisco Martínez, director concise group chairman, said that one of the biggest challenges of all organizations today is the ability to take advantage and access to information in their databases in a timely and easy. “Data integration is vital to achieving business goals,” he adds.

The importance of data integration leads to greater consistency in the information and thus a more effective decision making was addressed by concise Group of El Salvador and BD Consultants in San Salvador on Thursday during a conference on enterprise CIOs banking sector, telecommunications, government and industry of the country. Among the 40 attendees were representatives of government, banking, industry, telecommunications companies and other large companies.

Rhine Salazar, director of Technology concise Group, explained that the fragmentation of information given to organizations different versions of reality that would encourage making wrong decisions. Lack of data integration even generate problems for companies and government agencies when required to provide information, despite the risks and legal penalties, or fines involved legal positions by regulators.

Most Central American organizations are not prepared to process life cycle management and retention of information, even if the data can be key to incriminate or absolve.

The sectors in Central America that have the best initiatives in the implementation of data integration platforms are banking and telecommunications, followed by some government institutions.

In considering the progress of the Central American countries to implement data integration which have more steps are Costa Rica and Panama, according to BD Consultores.

With globalization and at a time when companies must go beyond how to develop their initiatives, the Data Integration platform enables companies and government institutions of all sizes to access, discover, cleanse and integrate data from virtually any system of business, in any format and deliver them to any area of ​​the organization at any speed.
Data integration has the challenge of giving attention to complex problems such as data integration Dataware House, SOA, Master Data Management, legacy systems migration, consolidation and synchronization of data across multiple operational systems, which helps to derive value from business of your data.

According to specialists concise and BD Consulting Group exists, at present, a variety of forces that drive organizations to process and data integration strategies such as: improving decision-making processes, ensure regulatory compliance, modernize business processes to reduce costs, merger, increase profitability and outsourcing of functions to focus on “core” business.

During the activity, participants learned CIOs the following benefits of Data Integration:
• Business users, who are the main consumers of information, obtained the data to make sound and timely decisions.
• The IT managers can respond more quickly to information needs posed by the organization, with less complexity and therefore cost less.

With this conference, concise and BD Group consultants seeking more organizations in El Salvador, through its IT managers, know and understand the benefits of data integration, which allows better information management to achieve a more efficient business management.

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From Estrategia y Negocios

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