Shaping the Future in a Data-Centric Connected World 26th Edition | Page 35

Unlocking The Full Potential of Enterprise Data
CONTENTS
1 Digital Transformation .................................................................................................... 33
1.1
Digital Transformation is a Journey .................................................................................... 35
1.2
Digital Enterprises ............................................................................................................. 35
1.3
Big Data ............................................................................................................................ 36
1.4
Relationship between Industry Digital Transformation and Data ........................................ 36
2 Enterprise Data Assets .................................................................................................... 37
2.1
Enterprise Data as Valuable Assets ..................................................................................... 37
2.2
Quantifying Data Asset Value ............................................................................................. 39
2.3
Not All Data Have Lasting Value ......................................................................................... 39
2.4
What is included in the Enterprise Data Assets ? ................................................................. 40
2.5
Impact of Data Authenticity on Value ................................................................................. 40
2.6
Data Ownership and Custody ............................................................................................. 40
3 Lifecycle of Enterprise Data Assets ................................................................................... 41
3.1
Information Lifecycle Management .................................................................................... 41
3.2
Lifecycle Tracks .................................................................................................................. 42
3.3
Data Lifecycle Policies ........................................................................................................ 44
3.4
Data Liability ..................................................................................................................... 45
3.5
Expectations of Legal and Regulatory Authorities ............................................................... 46
3.6
Migration Across Systems .................................................................................................. 46
3.7
Cost Justification ............................................................................................................... 47
3.8
Security Justification .......................................................................................................... 48
4 OAIS : Archival Framework ( ISO 14721 ) ............................................................................ 48
4.1
US NARA ERA .................................................................................................................... 49
4.2
PSA Peugeot Citroën Quality System .................................................................................. 50
5 Putting It Together .......................................................................................................... 51 Acknowledgements ............................................................................................................. 52
FIGURES
Figure 1-1 : Digital transformation and the digital enterprise . ( Source : IGnPower ).................................... 34 Figure 2-1 : Value of data , tangible vs intangible , present vs . future . ( Source : IGnPower )......................... 38 Figure 3-1 : Lifecycle tracks of enterprise data assets . ( Source : IGnPower ) ................................................ 42 Figure 4-1 : OAIS functional model diagram . ( Source : CCSD - OAIS )............................................................ 49
Journal of Innovation 31