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April 1, 2018 at 8:37 pm #1068Hejila Padachi & Kesseven Padachi
There is a general consensus among scholars that developing countries are battling to provide adequate and reliable data. Mauritius is least spared by this statistical tragedy. University students find themselves struggling to collect data when doing their dissertation and so are Mauritian researchers. Low survey response rates and untimely documentation, mainly by non-listed companies, are common. It is important to recognize that data compilation and dissemination are meaningful to an economy. It is the starting point for any research and any discrepancies or manipulations may wrongly inform policies. Worst, non-listed companies may fail to spot gaps in business operations, whether corporate governance practices are being monitored or not- to list a few. It is thus in our benefit to address this situation.
• The starting point is to have a regulation that demands proper data dissemination from non-listed parastatal bodies.
• Having a concise enterprise data management system is important. This would require workshops pertaining to the following
1. Defining the business scope and data units
2. Designing a governance model
3. Strategy formulation around data management
4. Measurable key performance indicators
• Train data capturers on how to use the Enterprise Data Management system.
• The next step would entail having a structured data capturing unit and the maintenance of the system.
• The initial phase is costly
• Ethical issues
1. What gets measures gets manipulated
• Good data will ensure more precise policy decisions
• Data collection by interested parties will be eased out
• Companies can easily track their performance and other specific matters once they have a good Enterprise Data Management system0