What type of data does a 'golden record' provide in an organization?

A 'golden record' represents the most accurate and reliable reference for asset information within an organization. It serves as a single source of truth that consolidates data from various sources, ensuring that stakeholders have access to consistent and verified information regarding assets. This reliability is crucial for effective decision-making, management, and tracking of assets throughout their lifecycle.

In practice, a golden record typically aggregates and reconciles data from multiple systems, eliminating discrepancies and inaccuracies that may arise from various data entries or sources. By utilizing a golden record, organizations can enhance operational efficiency, reduce errors, and improve compliance with asset management policies.

This concept underlines the importance of having high-quality data available to support asset management processes, ensuring that all actions taken are based on the best available information.