Key Components of an Enterprise Information Management (EIM) Solution
CIOReview
CIOREVIEW >> Enterprise Information Management >>

Key Components of an Enterprise Information Management (EIM) Solution

By CIOReview | Thursday, July 14, 2022
Cio Review

Cio Review

The goal of all EIM components is to provide and preserve enterprise business information in a way that is safe, easily available, meaningful, accurate, and timely.

Fremont, CA: Utilities frequently become entangled in the maintenance of multiple data silos underlying the systems used to conduct their operations, like many data-driven enterprises. Rather than exploiting the systems for the enterprise's benefit, the emphasis is frequently placed on managing data silos. In order to prevent this problem, businesses must develop a plan that incorporates best practices for people, processes, and technologies to support agile and adaptable information management solutions.

Key components of an EIM solution

Vision and strategy

Vision and strategy for EIM are centered on the creation of a complete framework and effective road map for the iterative and incremental adoption of an enterprise-wide approach to information management. This strategy will result in accurate, consistent, transparent, and secure access to enterprise-wide data that flows seamlessly and continuously. The EIM vision and strategy facilitate an agreement between business and IT over the significance of EIM, the problems it will solve, and the value it will bring to the enterprise.

Governance

Governance of EIM is necessary to achieve alignment between business and IT and to establish appropriate roles and responsibilities for enterprise-wide data and information management. The governance structure tackles the creation, upkeep, dissemination, and enforcement of data management policies and procedures and the data quality, services, tools, and technology required to transition to an enterprise-wide data management and services culture. Governance of EIM is essential for ensuring that stakeholders are confident in their ability to lead the charge toward achieving EIM's vision and strategy.

Core process

EIM encompasses the definition of fundamental information management procedures that underpin EIM governance and services, as well as the integration of these processes at the user, business, and data levels. These basic procedures describe metadata and master data strategies and aim to promote enterprise-wide accountability and openness of information. A formalization of information's semantics is added to the EIM through the creation, administration, and use of an Enterprise Semantic Model (ESM). An ESM delivers consistent data and information service design and deployment across transactional and analytical systems.

Organization

A comprehensive EIM plan addresses the necessary organization to ensure the success of an EIM effort. It provides a formal process for establishing EIM core capabilities and helps  IT and businesses to realize EIM's value. EIM organization considers key performance metrics and crucial success factors, roles and duties, structure, and deployment, employing a rational, incremental approach to resource allocation.

Infrastructure

EIM infrastructure defines an open, standards-based platform consisting of data, metadata management, semantic reconciliation, and closed-loop information flows for master data and converged content.