This is Part 3 of our mini series 'Master Data Management — What It Is and Why You Need It'
Terminology:
The ultimate goal of MDM is to have an SSOT so that your data is in one place, and a golden record so that each time you access it, you know that's the latest and most accurate version of your organization's data. There are many ways to achieve an SSOT and a golden record, but we've found the following to be the best approach.
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This is Part 2 of our mini series 'Master Data Management — What It Is and Why You Need It' We are swimming in data, and so it's easy to feel like we are data-driven and analytical in our decision-making. In reality, we are at the mercy of multiple data systems with their own goals that may not necessarily be aligned with your organization's.
MDM allows organizations to be truly data-driven by being in complete control of their data. This control comes from enabling anyone in the organization to get a holistic view of the most up-to-date data at all times. This is Part 1 of our mini series 'Master Data Management — What It Is and Why You Need It' As important as master data management (MDM) is to your organization, we admit it's not the most approachable topic — it's full of complexities and in some cases, jargon that is used simply to make us IT types feel a bit smart.
At its core though, MDM is fundamental to any organization that wants to run smoothly today and plan for tomorrow by organizing all of its data neatly and uniformly in one place. We're here to help de-mystify MDM for you — so here's a quick overview of what MDM is, why it should be important to you, and the ultimate goal of getting it right. |
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