The terms “master data” and “reference data” can be confused fairly easily. Both provide data that changes only occasionally over time and provide data that is designed to be accurate and up to date. Master data provides the accurate information needed for business transactions that are critical to the running of a business – the […]
Enterprise Data Sharing: Commercially Identifiable Information
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 […]
Data Architecture with Data Governance: A Proactive Approach
“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 […]
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 […]
Managing Metadata: An Examination of Successful Approaches
“If Google can deliver results across the entire internet in seconds, why do I have so much trouble finding things in my organization?” asked Jonathan Adams, Research Director at Infogix, at the DATAVERSITY® DGVision Conference. In a presentation titled, “I Never Metadata I did Not Like” Adams outlined successful approaches to understanding and managing metadata […]
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 […]
The Many Dimensions of Data Quality
Data can be anywhere. Companies store data in the cloud, in data warehouses, in data lakes, on old mainframes, in applications, on drives — even on paper spreadsheets. Every day we create 2.5 quintillion bytes of data, and there are no signs of this slowing down anytime soon. With so much available for data-driven decisions, […]
Going for Golden Copy: Tips for Improving Your Master Data Management
Click to learn more about author Richard Mohrmann. Um, yes, we are still talking about reference data. While it certainly seems like a topic that should have been resolved long ago, here we are still talking about why reference data seems like such a difficult nut to crack. There are reasons. At the highest level, […]
Intelligent Data Management Supports Better Data Access
Data access is a right, not a privilege. That philosophy may not be directly stated by companies, but certainly they have moved in that direction. Of course, it’s understood that not everyone is entitled to access all data. Nonetheless, the landscape has changed from the days when IT primarily held the keys and access was […]
Bridging the Gap Between Mainframe and Modern Data Streams: A Critical Business Need
Click to learn more about author Ibrahim Surani. Information overload is real. Every business today is swimming in a sea of enterprise applications, platforms, and data streams, and the water level rises every time a business expands its portfolio, invests in a new technology, or builds a strategic partnership. Integrating external resources such as survey […]