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Transcript of Master data management .
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• Master data management
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Business intelligence Business intelligence and data warehousing
1 Using a broad definition: "Business Intelligence is a set of methodologies, processes, architectures,
and technologies that transform raw data into meaningful and useful information used to enable more effective strategic, tactical, and operational insights and decision-making." When using this definition, business intelligence also includes technologies such as data integration, data
quality, data warehousing, master data management, text and content analytics, and
many others that the market sometimes lumps into the Information Management segment
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Master data management
1 In computing, Master Data Management (MDM) comprises a set of processes, governance, policies,
standards and tools that consistently defines and manages the master data (i.e. non-transactional data
entities) of an organization (which may include reference data).
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Master data management
1 An MDM tool can be used to support Master Data Management by
removing duplicates, standardizing data (Mass Maintaining),
incorporating rules to eliminate incorrect data from entering the
system in order to create an authoritative source of master data
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Master data management Issues
1 As with other Extract, Transform, Load-based data movement, these
processes are expensive and inefficient to develop and to maintain which greatly reduces the return on
investment for the master data management product.
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Master data management Solutions
1 The tools include data networks, file systems, a data warehouse, data marts, an operational data store, data mining, data analysis, data virtualization, data
federation and data visualization. One of the newest tools, virtual master data
management (also called virtual mdm) utilizes data virtualization and a
persistent metadata server to implement a multi-level automated MDM hierarchy.
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Information technology management IT managers
1 Many will also need to know master data management, which is a process that spans all of the
companies processes and business
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Enterprise resource planning Process preparation
1 ERP implementation is considerably more difficult (and politically charged) in
decentralized organizations, because they often have different processes, business rules, data
semantics, authorization hierarchies and decision centers. This may require migrating some business units before others, delaying
implementation to work through the necessary changes for each unit, possibly reducing integration (e.g., linking via Master data
management) or customizing the system to meet specific needs.
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Teradata - History
1 2006: Teradata launches Enterprise
Master Data Management
Solution.https://store.theartofservice.com/the-master-data-management-toolkit.html
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Data virtualization
1 This concept and software is a subset of data integration and is commonly
used within business intelligence, service-oriented architecture data
services, cloud computing, enterprise search, and master data
management.
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Data steward
1 Data stewardship roles are common when organizations are attempting to
exchange data precisely and consistently between computer systems and reuse data-related
resources. Master data management often makes references to the need
for data stewardship for its implementation to succeed.
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Data profiling
1 Have an enterprise view of all data, for uses such as master data
management where key data is needed, or data governance for
improving data quality.
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Microsoft SQL Server - SQL Server 2008 R2
1 SQL Server 2008 R2 (10.50.1600.1, formerly codenamed Kilimanjaro) was announced at TechEd 2009, and was
released to manufacturing on April 21, 2010. SQL Server 2008 R2 adds certain features to SQL Server 2008 including a
master data management system branded as Microsoft SQL Server Master Data
Services|Master Data Services, a central management of master data entities and
hierarchies.https://store.theartofservice.com/the-master-data-management-toolkit.html
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Identity resolution
1 Identity resolution engines are typically used to uncover risk, fraud, and conflicts of
interest, but are also useful tools for use within Customer Data Integration (CDI) and
Master Data Management (MDM) requirements. Typical uses for identity
resolution engines include terrorist screening, insurance fraud detection, USA Patriot Act compliance, Organized retail
crime ring detection and applicant screening.
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Identity resolution - Master data management
1 Most Master data management (MDM) products use a record linkage
process to identify records from different sources representing the
same real-world entity. This linkage is used to create a golden master record containing the cleaned,
reconciled data about the entity. The techniques used in MDM are the
same as for record linkage generally.https://store.theartofservice.com/the-master-data-management-toolkit.html
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Entity-attribute-value model - History of EAV database systems
1 Additionally, there are numerous commercial applications that use
aspects of EAV internally including Oracle Designer (applied to ER
modeling), Kalido (applied to data warehousing and master data management), and Lazysoft
Sentences (applied to custom software development).
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Master data
1 It is the primary focus of the Information Technology (IT) discipline of Master Data Management (MDM),
and can include reference data
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Master data - Master Data Defined
1 Excerpted from Master Data Management for Media: A Call to
Action for Business Leaders in Marketing, Advertising, and the
Media, a Microsoft White Paper by Scott Taylor and Robin Laylin, January
2010
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Software AG - History
1 Since February 2010 IDS Scheer is part of the Software AG Group.[
http://www.softwareag.com/corporate/Press/pressreleases/20100212_domination_and_profit_transfer_agreement_Software_AG_IDS_Scheer_AG_registered_page.asp The domination
and profit transfer agreement between Software AG and IDS Scheer AG now
registered] In October 2010, the company acquired New Jersey based Data Foundations, a leading master data management provider
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Customer data integration - History of customer data integration
1 CDI commonly supports both customer relationship management and master data
management, and enables access from these enterprise applications to information
confidently describing everything known about a customer, donor, or prospect,
including all attributes and cross references, along with the critical definition and identification necessary to uniquely
differentiate one customer from another and their individual needs.
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Fact (data warehouse) - Hybrid design
1 The hybrid architecture allows a DW to be replaced with a master data
management solution where operational, not static information
could reside.
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Single customer view
1 http://www.fusionmarketingexperience.com
/2012/05/customer-centricity-and-the-single-customer-view-challenges/ http://www.atominsight.com/about-
us/blog/single-customer-view-hard As such, the acquisition by an
organisation of a single customer view is one potential outcome of
successful Master data managementhttps://store.theartofservice.com/the-master-data-management-toolkit.html
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Informatica - Main products
1 Informatica's product portfolio focused on Data Integration: Application Information Lifecycle
Management, B2B Data Exchange, Cloud Data Integration, Complex Event Processing, Data Masking, Data Quality, Data Replication, Data
Virtualization, Enterprise Data Integration, Master Data Management, Informatica Ultra Messaging; currently at version 9.5 These components form
a toolset for establishing and maintaining enterprise-wide data warehouses, including the
key used for Extract, transform, load|ETL processing
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SAS (software) - Recent history
1 In 2008 SAS announced Project Unity, a project to integrate data
quality, data integration and master data management.
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Chief data officer - History and evolution
1 As organizations have recognized the importance of information technology as well as business
intelligence, data integration, master data management and data
processing to the fundamental functioning of everyday business, this role has become more visible
and crucial
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SAP Master Data Management
1 'SAP NetWeaver Master Data Management (SAP NW MDM)' is a
component of SAP AG|SAP's NetWeaver product group and is
used as a platform to consolidate, cleanse and synchronise a single
version of the truth for master data within a heterogeneous application
landscape
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SAP Master Data Management
1 # Central Master data management - as for Master Data Harmonisation,
but all master data is maintained in the central MDM system. No
maintenance of master data occurs in the connected client systems.
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TIBCO Software - Products
1 'TIBCO MDM 'is master data management for aligning enterprise data across multiple
business units, departments and partners, synchronizing the information with downstream
IT transactional systems.Kandru, Venkat (October 30, 2008). [ http://www.information-management.com/issues/2007_53/10002159-
1.html TIBCO Collaborative Information Manager]. Information Management (website)|Information Management. Retrieved July 23,
2013.
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Sunopsis
1 Sunopsis products provide solutions for data warehousing, data
integration, data migration, data synchronization and Master data
management.
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IBM Infosphere - Background
1 IBM Infosphere is a branded product line from IBM under its IBM Information Management Software|Information Management Software brand, announced in February 2008, which
includes software products from its IBM WebSphere|WebSphere and Information
Server product lines. Upon its announcement, included in the Infosphere
product line were the IBM Infosphere Master Data Management Server and IBM Infosphere
Data Warehouse|Warehouse.
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IBM Infosphere - IBM InfoSphere software
1 * IBM InfoSphere Master Data Management Server (formerly
WebSphere Customer Center and WebSphere Product Center)
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SAP NetWeaver Business Warehouse
1 BW is part of the SAP NetWeaver technology. Other components of SAP NetWeaver include
SAP Enterprise Portal (EP, called SAP NetWeaver Portal as of Release 7.0), SAP Web Application
Server|Web Application Server (WAS), SAP Process Integration (PI, or previously XI, i.e.
eXchange Infrastructure) and SAP Master Data Management|Master Data Management (MDM). It also includes end-user reporting tools such as Report Designer, BEx Query Designer, BEx Web
Application Designer and BEx Analyzer.
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Hyperion Solutions - Timeline
1 * 2005 - Hyperion acquires Razza Solutions (Master data management) and appoints Northdoor as a reseller
in the UK and Ireland.
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ERP software - Process preparation
1 This may require migrating some business units before others,
delaying implementation to work through the necessary changes for
each unit, possibly reducing integration (e.g., linking via Master data management) or customizing
the system to meet specific needs.Thomas H
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Reference table
1 Establishing an enterprise-wide view of reference tables is called master data
management.
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Data domain
1 In a database normalization|normalized data model, the Master data
management|reference domain is typically specified in a reference table.
Following the previous example, a Gender reference table would have
exactly two records, one per allowed value—excluding NULL. Reference tables are formally related to other tables in a
database by the use of foreign keys.
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Data architect
1 A data architect's job frequently includes the set up a metadata
registry and allows domain-specific stakeholders to maintain their own
data elements. This is often implemented in an Master Data
Management solution which enables centralized
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Microsoft SQL Server Master Data Services
1 'Microsoft SQL Server Master Data Services' is a Master Data
Management (MDM) product from Microsoft, which will ship as a part of the Microsoft SQL Server database
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Talend - Data management
1 * Talend Open Studio for MDM: a set of functions for master data management that provides
functionality for integration, quality, governance, mastering and
collaborating on enterprise data
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Talend - Data management
1 * Talend Platform for Master Data Management: turn disparate,
inconsistent information across a business into a single, reliable
“version of the truth”, providing increased confidence in decisions
made
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MDM - In science and technology
1 * Master data management, a discipline in information technology
(IT) that focuses on the management of reference or master data shared
by different disparate IT systems and groups
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Westpac - Westpac is formed
1 * February 2013: Westpac selected Oracle’s Exadata Database Machine and Exalogic Elastic Cloud solutions to support the ongoing deployment
of Oracle-based Master Data Management (MDM) applications, with the overall aim to achieve a
single view of its customer information.
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Health information exchange - Established HIE communities
1 HPHC implements CRM, Master Data Management and is now implementing
Oracle Policy Automation to support integrated call center and online self-
service for plan purchase and management across their various
customer groups additionally, HPHC is using their platform to support recruitment and to better analyze and improve service
levels in a heavily competitive market.
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Data quality assurance - Optimum use of data quality
1 All data having attributes referring to Reference Data in the organization may be validated against the set of
well-defined valid values of Reference Data to discover new or
discrepant values through the 'validity' DQ check. Results may be
used to update Reference Data administered under Master Data
Management (MDM).https://store.theartofservice.com/the-master-data-management-toolkit.html
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Information quality - Information Quality conferences
1 ;Master Data Management Data Governance
Conferences[http://www.tcdii.com/events/cdimdmsummitseries.html MDM
SUMMIT Conference]
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Metadata repository - Definition
1 Metadata repository explores the enterprise wide data governance , data quality and master data management
(includes master data and reference data) and integrates this wealth of information
with integrated metadata across the organization to provide decision support
system for data structures, even though it only reflects the structures consumed
from various systems.
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Information Server - Business Value of an Information Server
1 :*For 'master data management', it helps organizations develop authoritative master data by
enabling them to understand where and how information is stored across
systems, and to consolidate disparate data into a single, reliable
record.
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Big structure - Applications
1 Big structure is most broadly applicable to the area of
interoperability|data interoperability, with specific applications in the
semantic Web, information retrieval, knowledge management, master
data management, or any area that requires two or more datasets to be
related to one another.
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Tool management
1 Tool management is divided into documentation (Master data
management|master data) and logistics (transaction data)
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Bulldog (disambiguation) - Computing
1 * Bulldog (Microsoft), an upcoming Master Data Management (MDM) product from
Microsoft
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