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Master Data Management (MDM) and Data Integrity
01
Master Data Management (MDM) covers all the processes and technological tools to build a unified view of the company's master data.
MDM focuses on ensuring the consistency and quality of data for operations and decision-making completeness, reliability, and timeliness.
Today, the same data is duplicated, shared, or re-entered on various applications across different departments of the company. The MDM system makes it possible to identify, clean and standardize data in order to create reference data : single, complete and up-to-date version (golden record).
Most MDM solutions offer the following features :
Data administration
- Rights and Privacy Management
- Metadata Management
- Versioning
- Data lifecycle management (from entry to validation)
Data enhancement
- Manipulation of unstructured data (Big Data)
- Access to external data sources (Customer data, Markets, ...)
Data quality
- Handling duplicates and inconsistencies
- Traceability and audit trails
Data integration
- Services for collecting and sharing reference data (ETL, Web Services, etc.)
In the era of Big Data, hyper-personalization, and the evolution of regulatory contexts (GDPR, IFRS, ...), MDM is an essential tool for CIOs wishing to bring value and impact both internally and to customers.
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Unified Data Vision
- Standardizes and centralizes the data in a single access point
Improved productivity
- Increases operational efficiency by facilitating access to information
General access
- Ensures enterprise-wide availability and reliability of business-critical data
Optimized costs
- Reduces expenses for recollecting and reprocessing data
Quality control
- Provides and maintains the quality of data necessary for good decision-making
Satisfied customers
- Promotes customer satisfaction through personalization, anticipation and proactivity
High security
- Secures data assets and mitigates operational risks
Increased responsiveness
- Gives the ability to respond better and faster to business expectations
03
- Support, advise and integrate MDM solutions from the market, for an effective management of high data volumes :
- Talend MDM: Comprehensive, cloud-compatible platform with advanced master data management capabilities
- Informatica MDM: Advanced solution covering the entire data lifecycle, from acquisition to delivery
- SAP MDG/MDM: MDM solution that can integrate seamlessly with existing SAP solutions and provides centralized master data management capabilities
- Design and development of specific MDM solutions respecting the 4 levers of data governance: availability, ease / reliability of use, integrity and security
- Design and development of ETL pipelines and necessary mechanisms for feeding the MDM system and redistribution data to different applications
- Maintaining the MDM system in operational condition and making the necessary updates to accommodate changing data structures and additional systems
