“Data Architecture is the physical implementation of the Business Strategy,” said Nigel Turner, Principal Consultant in E.M.E.A. at Global Data Strategy, speaking at the DATAVERSITY® Enterprise Data Governance Online Conference. “It’s a key part of the whole continuum that you need to build within an organization to manage data effectively,” and Data Governance forms an […]
The 12 Days of Data Management
Click to learn more about author Scott Taylor. The Data Rants video blog series begins with host Scott Taylor “The Data Whisperer.” The series covers some of the most prominent questions in Data Management such as Master Data, the difference between Master Data and MDM, “truth” versus “meaning” in data, Data Quality, and so much […]
Metadata Management and Analytics: What is the Intersection?
Metadata Management implies a set of activities, which administer data for better usage and outcomes. Thus, this practice involves establishing stringent roles, responsibilities, policies, and processes to ensure that data-driven information is available, accessible, sharable, and maintainable across an organization for the best analysis and application of such information in daily business. In that sense, Metadata […]
Demystifying Master Data Management
Thomas Edison may have understood the importance of Master Data Management before the term was formally coined. He said, “The value of an idea lies in the using of it.” While ideas in the early 20th century relied on thoughts and things, ideas in this information age depend on data. Take reference data: unchanging tags […]
Master Data Management Equals Pain
Click to learn more about author Scott Taylor. The Data Rants video blog series begins with host Scott Taylor “The Data Whisperer.” The series covers some of the most prominent questions in Data Management such as Master Data, the difference between Master Data and MDM, “truth” versus “meaning” in data, Data Quality, and so much […]
Advances in Master Data Management
The purpose of a Master Data Management program is to organize an organizations most important data assets, allowing them to be used efficiently and creatively. The choice of organizational styles determines how the data performs during an analysis, when building new relationships, and while making decisions that increase profits. There are key factors that should […]
How Master Data Management Enables Two Types of Data Monetization
Click to learn more about author Bill O’Kane. According to Gartner, data monetization refers to the process of using data to obtain a quantifiable economic benefit. Internal or indirect methods include using data to make measurable business performance improvements and inform decisions. External or direct methods include data sharing to gain beneficial terms or conditions […]
What Is Reference Data?
Reference data (a.k.a. as master data, or golden copy, or single source of truth [SSOT] ) describes the set of data an organization needs for daily operations. According to the DAMA-DMBoK2, reference data characterizes or classifies or relates to other data or information external to the organization. It describes the core entities of the business […]
Do You Have the Data Behind Your Ideas?
Click to learn more about video blogger Scott Taylor. The Data Rants video blog series begins with host Scott Taylor “The Data Whisperer.” The series covers some of the most prominent questions in Data Management such as Master Data, the difference between Master Data and MDM, “truth” versus “meaning” in data, Data Quality, and so […]
A Clear Data Management Strategy is Paramount for Oil and Gas Companies
Click to learn more about author Steve Cooper. The oil and gas industry joined food service, retail, and other sectors in facing unprecedented challenges over the past few months, but even beyond the impact generated by the almost overnight destruction of energy demand by the COVID-19 pandemic, oil and gas and energy companies also had […]