Mdm And Data Governance Pdf

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Now that organizations have the opportunity to capture massive amounts of diverse internal and external data, they need a discipline to maximize their value, manage risks, and reduce cost.

Consolidate and centrally govern the master data lifecycle to increase the quality and consistency of information across your organization. Simplify enterprise data management, increase data accuracy, and reduce your total cost of ownership with a single solution that facilitates consolidation and central governance. Create a single source of truth by consolidating your SAP and third-party data sources.

Master data management "MDM" is a technology-enabled discipline in which business and Information Technology "IT" work together to ensure the uniformity, accuracy, stewardship, semantic consistency and accountability of the enterprise's official shared master data assets. Organisations, or groups of organisations, may establish the need for master data management when they hold more than one copy of data about a business entity. Holding more than one copy of this master data inherently means that there is an inefficiency in maintaining a " single version of the truth " across all copies. Unless people, processes and technology are in place to ensure that the data values are kept aligned across all copies, it is almost inevitable that different versions of information about a business entity will be held. This causes inefficiencies in operational data use, and hinders the ability of organisations to report and analyse.

Data Governance Solutions

Data governance refers to how an organization creates, collects, retains and uses data. An organization with a well-implemented data governance practice will have identified owners — or stewards — of enterprise data, formal processes for managing it through the lifecycle, and a governing body for enforcing and ensuring compliance with those processes.

This is a big job that literally grows every day, given the amount of data in the expanding digital universe. Learn more about our definition of data governance. Until recently, data governance was primarily an IT role that involved cataloging data elements to support search and discovery. Data keepers — IT — and data users — the rest of the organization — must be able to discover, understand and use data to drive opportunities while limiting risks.

Think of it this way: the right data of the right quality, regardless of where it is stored or what format it is stored in, must be available for use only by the right people for the right purpose. Making this imperative a reality requires an ongoing strategic effort, enterprise collaboration and enabling technology that provides a holistic view of the data landscape, including where it lives, who and what systems use it, and how to access and manage it.

Data governance is very necessary but also complicated, so most enterprises have difficulty operationalizing it. While progress has been made, enterprises are still grappling with the challenges of deploying comprehensive and sustainable data governance, including reliance on mostly manual processes for data cataloging, data lineage and data mapping. However, organizations that recognize data as an enterprise asset that can be controlled and yield long-term value are realizing a lot of benefits :.

Respond to audits and demonstrate compliance with data regulations through proper reporting and documentation, including lineage. Streamline day-to-day operations by implementing improvements, eliminating redundancies and providing optimal employee training and communications. Uncover ways to reduce expenses, create new revenue streams and even monetize your data. Strengthen data privacy and security procedures and adherence to those standards, as well as identify and tag sensitive data elements.

Be able to take advantage of data analytics tools and ensure the validity of those dashboards because the underlying data is accurate. Ensure consistent data standards and definitions so enterprise stakeholders are data literate, fluent in how your organization defines and talks about it.

Provide controlled access and visibility to a single version of data truth, making it easy to quickly assess information and decide how to act on it. Develop new products and services or improve existing ones, as well as modernize business, technology and data infrastructures. Deliver efficient, personalized and relevant customer experiences that establish trust and build loyalty. Protect your data assets and be transparent about how you use them so you can avoid data breaches and other missteps.

The erwin Data Intelligence Suite erwin DI is the heart of the erwin EDGE, providing data catalog , data literacy and automation capabilities so all enterprise stakeholders can discover, understand, govern and socialize data assets. No other vendor can automatically harvest, transform and feed metadata from a wide array of data sources, operational processes, business applications and data models into a central data catalog and then make it accessible and understandable via role-based, contextual views.

With the broadest set of metadata connectors, erwin combines data management and data governance processes to fuel an automated, real-time, high-quality data pipeline. By doing the hard stuff for you, erwin DI ensures your data governance efforts yield real value. Smart, huh? Make data governance an enterprise experience, so all stakeholders know what they need to know to produce results. Being able to harness and activate your metadata in erwin Data Catalog is the first step.

Modern data governance is a strategic, ongoing and collaborative practice that enables organizations to discover and track their data, understand what it means within a business context, and maximize its security, quality and value.

But when IT-driven data management and business-oriented data governance work together in terms of both personnel, processes and technology, decisions can be made and their impacts determined based on a full inventory of reliable information.

What Is Data Governance? Why Data Governance Is Important but Challenging Until recently, data governance was primarily an IT role that involved cataloging data elements to support search and discovery. Regulatory Compliance Respond to audits and demonstrate compliance with data regulations through proper reporting and documentation, including lineage.

Operational Efficiency Streamline day-to-day operations by implementing improvements, eliminating redundancies and providing optimal employee training and communications. Revenue Growth Uncover ways to reduce expenses, create new revenue streams and even monetize your data. Accurate Analytics Be able to take advantage of data analytics tools and ensure the validity of those dashboards because the underlying data is accurate. Data Literacy Ensure consistent data standards and definitions so enterprise stakeholders are data literate, fluent in how your organization defines and talks about it.

Improved Decision-Making Provide controlled access and visibility to a single version of data truth, making it easy to quickly assess information and decide how to act on it. Innovation Develop new products and services or improve existing ones, as well as modernize business, technology and data infrastructures.

Reputation Management Protect your data assets and be transparent about how you use them so you can avoid data breaches and other missteps. Learn More. All rights reserved.

Master data management

Underpinning MDM is the need for an effective data quality management strategy and appropriate toolset. With so many organisations dipping their toes into the choppy waters of MDM we thought it high time to provide an overview for those getting started or wanting to learn more. The first stumbling block you'll face with MDM is when your peers or CEO asks you to explain yet another mystic three letter acronym to emerge from the world of data. If you're looking for a simple explanation then this list provides some of the most commonly accepted definitions of MDM. If you spend time surfing the forums and communities that focus on MDM related subjects you'll realise that MDM is actually in its infancy compared to other disciplines but it is maturing rapidly, however, disagreements on what constitutes MDM are not uncommon.

Multi-Domain Master Data Management delivers practical guidance and specific instruction to help guide planners and practitioners through the challenges of a multi-domain master data management MDM implementation. Authors Mark Allen and Dalton Cervo bring their expertise to you in the only reference you need to help your organization take master data management to the next level by incorporating it across multiple domains. Written in a business friendly style with sufficient program planning guidance, this book covers a comprehensive set of topics and advanced strategies centered on the key MDM disciplines of Data Governance, Data Stewardship, Data Quality Management, Metadata Management, and Data Integration. Before joining WellPoint, Mark was a senior program manager in customer operation groups at both Sun Microsystems and Oracle Corporation. Mark has over 20 years of data management and project management experience including extensive planning and deployment experience with customer master initiatives, data governance, and leading data quality management practices. Dalton has served on various Customer Advisory Boards and has presented at multiple Data Management conferences. We are always looking for ways to improve customer experience on Elsevier.

Beginners Guide to Master Data Management (MDM)

Master data management MDM arose out of the necessity for businesses to improve the consistency and quality of their key data assets, such as product data, asset data, customer data, location data, etc. Many businesses today, especially global enterprises have hundreds of separate applications and systems ie ERP, CRM where data that crosses organizational departments or divisions can easily become fragmented, duplicated and most commonly out of date. When this occurs, answering even the most basic, but critical questions about any type of performance metric or KPI for a business accurately becomes a pain.

What is Data Governance (and Why Do You Need It)?

Multi-Domain Master Data Management

Data governance refers to how an organization creates, collects, retains and uses data. An organization with a well-implemented data governance practice will have identified owners — or stewards — of enterprise data, formal processes for managing it through the lifecycle, and a governing body for enforcing and ensuring compliance with those processes. This is a big job that literally grows every day, given the amount of data in the expanding digital universe.

Book description: The latest techniques for building a customer-focused enterprise environment. While this necessarily makes the book rather long, it means that the authors achieve a comprehensive treatment of MDM that is lacking in previous works. Regain control of your master data and maintain a master-entity-centric enterprise data framework using the detailed information in this authoritative guide. Master Data Management and Data Governance , Second Edition provides up-to-date coverage of the most current architecture and technology views and system development and management methods. Discover how to construct an MDM business case and roadmap, build accurate models, deploy data hubs, and implement layered security policies. Legacy system integration, cross-industry challenges, and regulatory compliance are also covered in this comprehensive volume. Written in a simple and effective style, it tells the story of how Master Data Management works, what it does, and why we should care very much how it is governed.

Korhonen Helsinki University of Technology. Line of business division Different channels Cross-domain distribution of information Packaged systems Mergers and acquisitions Source: Dreibelbis et al Operational MDM System participates in the operational transactions and business processes of the enterprise, interacting with other application systems and people.

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