"Single Version of Truth" (SVOT) in computerized business management is like having a reliable reference book in a library filled with conflicting information. It's the principle that within your organization's digital systems, there exists a singular, undisputed source of data that serves as the ultimate point of reference for all decisions and operations. That means that all your business data, from sales figures to customer details, is stored and managed in a way that ensures it's accurate, consistent, and up-to-date for everyone who needs it.