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Master Data Management Presentation

Master data management (MDM) involves creating and maintaining consistent and accurate master data sources. Master data includes critical business entities like customers, products, and suppliers. MDM ensures data from different source systems is standardized. It is important for modern businesses because data is shared across many applications and used to improve customer satisfaction, inventory, and compliance. Implementing MDM requires identifying master data sources, appointing data stewards, developing governance policies, and modifying systems to use standardized master data sources. While costly to implement, MDM can provide business benefits by reducing data degradation over time.

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1K views

Master Data Management Presentation

Master data management (MDM) involves creating and maintaining consistent and accurate master data sources. Master data includes critical business entities like customers, products, and suppliers. MDM ensures data from different source systems is standardized. It is important for modern businesses because data is shared across many applications and used to improve customer satisfaction, inventory, and compliance. Implementing MDM requires identifying master data sources, appointing data stewards, developing governance policies, and modifying systems to use standardized master data sources. While costly to implement, MDM can provide business benefits by reducing data degradation over time.

Uploaded by

linehand
Copyright
© Attribution Non-Commercial (BY-NC)
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Master Data Management

Sources:

 The What, Why and Who of Master Data


Management (Roger Wolter & Kirk Haselden,
Microsoft)
 Demystifying Master Data Management (Tony
Fisher, CIO Magazine)
 Mastering Data Comes At A Price (David L.
Margulius, InfoWorld)

1
What is Master Data?
§ Simply put, the “critical nouns” of a business
§ People
§ Things
§ Places
§ Concepts

§ Data that is considered of special importance to a


company, and largely adheres to a number of
criteria

2
Master Data Criteria
§ Behaviour
§ Lifecycle
§ Cardinality
§ Lifetime
§ Complexity
§ Value
§ Volatility
§ Reuse
§
3
What is Master Data Management?
§ “…the technology, tools, and processes
required to create and maintain
consistent and accurate lists of master
data.”
§
§ Not just a technical solution, business
processes tightly coupled to application of
technology
1.

4
Why engage in Master Data Management?
§ Data is vital to modern commerce
§ Data is used by several applications, drawn from
master sources (service-orientated
architecture)
§ Benefits:
§ Improved customer satisfaction
§ Improved inventory practices
§ Appropriate for consolidation of data sources
during mergers/acquisitions
§ Important in compliance/regulatory efforts
5
Phases of Master Data Management
1. Identity sources of Master Data
2. Identify the producers and consumers of Master Data
3. Collect/analyze metadata
4. Appoint data stewards
5. Implement data governance
6. Develop Master Data Model
7. Choose a toolset
8. Design the Infrastructure
9. Generate and test the Master Data
10.Modify the producing/consuming systems
11.Implement the maintenance process
§
§
6
MDM – Just another bandwagon?
§ Drawbacks and criticism:
§ May not be appreciated by departmental
managers
§ Differing methods of implementing/maintaining
§ Political issues (ownership)
§ Costly
§ Accurate data can be critical for business success
§ May be required due to mergers/acquisitions
§ Data degradation will only get worse if left
“untreated”
§ 7
Just a technique?
§ “…the technology, tools, and processes
required to create and maintain consistent
and accurate lists of master data.”
§
§ It is a technique, but due to the nature of
data, and how it is used in an
organisation, master data management
has wide ranging consquences.

8
Relationship between MDM,
warehousing and SOA.
§ Warehousing:
§ Warehouse data should be drawn from master
sources where appropriate
§ Transactional/Non transactional
§ Other applications may draw data from
warehouses
§
§ Service Orientated Architecture
§ SOA has an important role in MDM
§ Mechanism to distribute data

9

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