Business Value Through Reference and Master Data Strategies
Author: DATAVERSITY via YouTube
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Data tends to pile up and can be rendered unusable or obsolete without careful maintenance processes. Reference and Master Data Management (MDM) has been a popular Data Management approach to effectively gain mastery over not just the data but the supporting architecture for processing it. This webinar presents MDM as a strategic approach to improving and formalizing practices around those data items that provide context for many organizational transactions — the master data. Too often, MDM has been implemented technology-first and achieved the same very poor track record (one-third succeeding on time, within budget, and achieving planned functionality). MDM success depends on a coordinated approach, typically involving Data Governance and Data Quality activities.