What is timeliness in SAP EIM-IS - SAP Information Steward?

SAP Term: timeliness

• Component: EIM-IS

• Component Name: SAP Information Steward

• Description: The extent to which data is sufficiently up-to-date for the task at hand.

Smart SAP Assistant

• Key Concepts: 
  Timeliness is a key concept in SAP Information Steward (EIM-IS). It refers to the accuracy and completeness of data within a given timeframe. Timeliness is important for ensuring that data is up-to-date and relevant for decision-making.
  
  How to use it: 
  Timeliness can be monitored in SAP Information Steward by setting up alerts and notifications. These alerts can be configured to notify users when data is out of date or incomplete. Additionally, users can set up automated processes to ensure that data is updated on a regular basis.
  
  Tips & Tricks: 
  When setting up alerts and notifications, it is important to consider the frequency of the updates. Too frequent updates can lead to unnecessary notifications, while too infrequent updates can lead to outdated data. It is important to find the right balance between the two.
  
  Related Information: 
  Timeliness is closely related to data quality, as both concepts are concerned with ensuring that data is accurate and up-to-date. Additionally, timeliness is also related to data governance, as it helps ensure that data is being used in an appropriate manner.