Enterprise statistics control (EDM) is an organization’s ability to efficiently create, integrate, disseminate and manage Data for all Business enterprise programs, techniques and entities requiring well timed and accurate facts shipPing.
EDM is also a concept that addresses the transmission of various data uNits inside Methods and applications that rely on the intake of these statistics units to finish Business Processes or Transactions.
The major purpose of EDM is the elimination of organizational problems and conflicts resulting from the mismanagement of inFormation and facts, through enforcing a established Records shipping approach – from records producer to records Client.
EDM is made from Software Packages, Computing and commUnity infrastructure, enterprise good judgment and regulations used to control organization records waft. A company implements EDM thru a whole lot of strategies and calls for Collaboration thru distinctive departments, together with IT, finance and operations.
When we refer to EDM as an acronym of Enterprise Data Management, we mean that EDM is formed by taking the initial letters of each significant word in Enterprise Data Management. This process condenses the original phrase into a shorter, more manageable form while retaining its essential meaning. According to this definition, EDM stands for Enterprise Data Management.
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