Master Data Management platforms<\/a><\/strong>.<\/p>\n\n\n\nCan you Implement MDM by Yourself?<\/h2>\n\n\n\n During my career, I experienced companies that tried to create their own, in-house MDM system. Did it work? Actually yes, but why?<\/p>\n\n\n\n
MDM can be implemented on a small scale in a business that does not have many complicated systems and where defining MDM rules is a simpler task.<\/p>\n\n\n\n
It can be as simple as this: – brainstorm what are the main categorical business entities – define a network folder repository to store entity files – in the CSV\/excel files store the data, e.g. Airline Names, Partner Names, System Codes, etc. – assign Data Stewards to maintain the files; if they make an update the tell data integration team to reload newly updated entity data and refresh the reports.<\/p>\n\n\n\n
The above example can be used to maintain simple categorical dimensions that can be used in reporting. If the task gets too complex, definitely look for a proper MDM platform.<\/p>\n\n\n\n <\/figure>\n\n\n\nMaster Data Management – Summary<\/h2>\n\n\n\n By implementing a robust MDM strategy, you can harmonize and synchronize your master data, thus eliminating data discrepancies, improving decision-making, and fostering collaboration. <\/p>\n\n\n\n
With a solid MDM foundation, you’ll be well-equipped to navigate the complexities of the modern data landscape and make the most of your valuable data assets.<\/p>\n\n\n\n
As you embark on your MDM journey, take the time to assess your specific needs, establish robust data governance policies, select the right MDM tools and platforms, and commit to continuous improvement. <\/p>\n\n\n\n
By doing so, you will harness the true potential of your organization’s data and drive lasting success in the increasingly data-driven business world.<\/p>\n\n\n\n
Stay tuned for more talks in the data integration space as we will cover all aspects of data integration.<\/p>\n","protected":false},"excerpt":{"rendered":"
Master Data Management is a well-known topic and every significant business wants to have MDM implemented. Why? Master Data Management stands for quality as it centralises all major business entities in one system giving the…<\/p>\n","protected":false},"author":3,"featured_media":3043,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"footnotes":""},"categories":[6],"tags":[],"featured_image_src_large":["https:\/\/www.cloude.au\/wp-content\/uploads\/2023\/03\/master-data-managment.jpg",800,600,false],"author_info":{"display_name":"Marius Pecak","author_link":"https:\/\/www.cloude.au\/author\/marius\/"},"comment_info":32,"category_info":[{"term_id":6,"name":"Data Integration","slug":"data-integration","term_group":0,"term_taxonomy_id":6,"taxonomy":"category","description":"Data Integration","parent":0,"count":4,"filter":"raw","cat_ID":6,"category_count":4,"category_description":"Data Integration","cat_name":"Data Integration","category_nicename":"data-integration","category_parent":0}],"tag_info":false,"taxonomy_info":{"category":[{"value":6,"label":"Data Integration"}]},"_links":{"self":[{"href":"https:\/\/www.cloude.au\/wp-json\/wp\/v2\/posts\/2931"}],"collection":[{"href":"https:\/\/www.cloude.au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cloude.au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cloude.au\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cloude.au\/wp-json\/wp\/v2\/comments?post=2931"}],"version-history":[{"count":24,"href":"https:\/\/www.cloude.au\/wp-json\/wp\/v2\/posts\/2931\/revisions"}],"predecessor-version":[{"id":3139,"href":"https:\/\/www.cloude.au\/wp-json\/wp\/v2\/posts\/2931\/revisions\/3139"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cloude.au\/wp-json\/wp\/v2\/media\/3043"}],"wp:attachment":[{"href":"https:\/\/www.cloude.au\/wp-json\/wp\/v2\/media?parent=2931"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cloude.au\/wp-json\/wp\/v2\/categories?post=2931"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cloude.au\/wp-json\/wp\/v2\/tags?post=2931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}