Discuss why shared resources are important.
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Shared resources can act as a single source of trust for the employees and the company can also rely on that the data for decision making. The data will be in a centralized and the synchronized database and the integrity of the data will also increase. This data will get rid of the issues associated with them and provide quality information to the users. This process also increases the transparency in the process and everyone in the team will be aware of the changes made and its effect on the system and the business. When there is transparency the trust will automatically increase among the team members. The teams will start working together will less conflict. The users can easily get a snapshot of the state of the resources anytime and suggest the required changes based on their requirements. When the cross-functional teams start working together, it leads to synergy and an increased productivity. The entire process can be streamlined and it can add value to the process. Integrating the different workflows will build value that a company can leverage on. For these reasons the shared resources are very important.
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