Principle 9

Manage Data as an Asset

Statement

Loyola values data as an asset because it can be leveraged across the University to enhance competitive advantage and accelerate decision making. University-wide access to relevant information is the rule, not the exception.

Rationale

• To maximize the effectiveness of decision making, data will be shared throughout the University.
• Loyola’s goals and outcomes are predicated on the increased use of data to create reliable information to improve service and decision making.

Implications

• Core university data needs to be identified and made accessible as appropriate whether located in the cloud, centralized or local environment.
• Business Intelligence tools will be implemented to facilitate information availability for decision making.
• Sufficient metadata will be stored with the information to enable its easy management and understanding.