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Since the advent of MIS (Management Information Systems), the "Holy Grail" has been to create a single version of the truth: a single set of reports and definitions for all business terms, a way, in short, to make sure every manager has a common understanding of accurate corporate information. Most organizations have many different definitions of the business terms they work with on a daily basis. In fact, an entire industry has developed to help businesses be able to provide "one version of the truth".
Today, a proliferation of vendors and consultancies exists to provide software, services, and skills to build data warehouses based on tools and techniques that help extract, transform, and load data, using Business Intelligence tools to exploit that data in many different ways, such as supporting management reporting, ad hoc querying and advanced analysis.
The Myth of One Version of the Truth
An Oracle White Paper
Since the advent of MIS (Management Information Systems), the "Holy Grail" has been to create a single version of the truth: a single set of reports and definitions for all business terms, a way, in short, to make sure every manager has a common understanding of accurate corporate information. Most organizations have many different definitions of the business terms they work with on a daily basis. In fact, an entire industry has developed to help businesses be able to provide "one version of the truth".
Today, a proliferation of vendors and consultancies exists to provide software, services, and skills to build data warehouses based on tools and techniques that help extract, transform, and load data, using Business Intelligence tools to exploit that data in many different ways, such as supporting management reporting, ad hoc querying and advanced analysis.
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