Data governance with Measure Factory
Measure Factory is a business rules engine that automates data governance to power financial, operational, and clinical consistency among team members. This ensures that everyone is working with the same “single version of the truth”, builds trust, and improves efficiency.
Do you face difficulties integrating data from cross-functional data silos into comprehensive business analytics?
Do you need consistent business measure with definitions vetted by subject matter experts and stakeholders?
Do you need to trust, efficiently use, and manage data to make critical data-driven, evidence-based decisions?
Do you need to apply business rules across the enterprise to get everyone “on the same page”?
If you answer “YES” to any of these questions, Measure Factory is right for you
Measure Factory delivers a single version of the truth
Hospitals often struggle to maintain consistent definitions of data across departments and locations. This leads to impaired decision-making, as you and your colleagues spend more time arguing about the validity of the data rather than the meaning of that data.
Measure Factory eliminates discrepancies between data definitions by applying business rules and other metadata consistently across data sources. This ensures data integrity and standardization, leading to greater faith in the data.
Consistency brings clarity
Measure Factory ensures that the same definition of a measure is applied every time that measure is created. The measure is standardized from every source the data is extracted from. Define the measure once, and reuse it multiple times all on an automated basis. Not only are users now all working with data built using consistent and validated business rules, they also have a better understanding of what the numbers represent.
Integration aids collaboration
Collaboration is an important part of data governance. You need to understand the measures that are created and why they are defined the way they are. Collaboration ensures that team members are all on the same page and can trust the data.
That’s why collaboration is an integral component of Measure Factory’s data governance. As it creates each measure, Measure Factory automatically creates a collaborative framework for governance team members to contribute.
Put the Measure Factory to work for you
What is “data governance”?
Here is The Data Governance Institute’s definition of “data governance”:
Data Governance is a system of decision rights and accountabilities for information-related processes, executed according to agreed-upon models which describe who can take what actions with what information, and when, under what circumstances, using what methods.