As readers of this blog are aware, we have frequently discussed a variety of topics related to master data management. Over the course of the last decade we’ve enabled a good number of companies to deliver better reference and master data, across all domains (customer, product, financial, supplier, employee, etc.), and for operational as well as analytical systems. You can read about a few of them here. Read more
In a previous blog I discussed the four primary MDM architectural styles: consolidated, registry, coexistence, and transactional. In case you missed it, read it here: MDM Architecture Styles – Do you have the right mix? Each has their individual strengths and weaknesses, but no single MDM architectural style is ideal for every application. Read more
“I can explain it to you, but I can’t understand it for you.”
A good friend of mine recently alienated the person that pays his salary with the above statement. While you might question his wisdom – I know I did (after a quiet chuckle) – I’m reminded of how often the same thought has gone unsaid when business and IT “collaborate” on traditional data warehouse projects. The business is baffled by the technical jargon that IT uses, and the IT team wishes the business could articulate their requirements in a form from which they can build the solution. The lack of a common language to explain what each side means hinders this understanding. Read more
What is the right MDM architecture style for your organization? It’s definitely an open-ended question that deserves an informed answer, especially before making new investment decisions. But before tackling the question, it is useful to define and understand the MDM styles themselves. Dr. Dave Waddington of The Information Difference defined four broad styles in an article published in Information Management. Read more
I was always a big fan of the late George Carlin. There was a time when I could recite the entire “Class Clown” album during lunchtime at school (like George, I always saved my best stuff for lunchtime). Of course, the crown jewel was the infamous “7 Dirty Words You Can’t Say on Television”. Read more
Implementing an effective Master Data Governance solution can be tough…you have to deal with corporate culture, getting management support, formulation policies, implementing rules and much more. However, a less commonly addressed question is: “Who will own the governed data?” Read more
If you ask most people involved with information management and data governance if they understand data quality you would get a resounding “yes!” However, the true definition of what constitutes quality data is a very complex and subtle one. Data that is “high quality” for the purpose of, say, operations may be nearly useless for the purpose of invoicing. In other words, data quality really is relative to the business process that will use the data. Read more
I’ve been in and around the data space for over 15 years now, first with Hyperion Software helping finance departments consolidate their financial data. Hyperion understood that Consolidation was a process, not just a set of numbers. We needed to do currency conversions, inter-company eliminations, etc. to deliver a set of financials that could pass regulatory scrutiny. Read more
Magnitude Software is a leading provider of Enterprise Information Management software that is driving real business value for more than 600 active enterprise customers, with over 200,000 users in 100 countries. Our family of award-winning products enable customers to rapidly deliver business intelligence, data warehousing, master data management, reporting and analytics solutions.
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