Single Source of Truth (SSOT) is an organizational concept that ensures that all employees of a company use the same information when making business decisions and offers.
The Single Source of Truth (SSOT), Single Version of Truth (SVoT) or Single Point of Truth (SPoT) is a data repository that employees can rely on. It has consistent data sets that are available to all employees.
In the SSOT concept, authorized data is stored only once in a System of Records( SOR) and updated regularly. The stored data can be used for all business activities. With similar data sets, as can occur in data silos, it is ensured that the SSOT data is relevant. They are constantly updated, reconciled, cleansed, checked for redundancy and removed from the database.