SlideShare uma empresa Scribd logo
1 de 1
Baixar para ler offline
MASTER
DATA
SOURCE
MASTER
DATA
SOURCE
MANAGE YOUR DATA THE WAY
YOU MANAGE YOUR COMPANY
Resources Finances People Inventory Time
Data is your company’s most valuable asset.
Master Data Management (MDM) lets
you realize its full potential.
YOU MANAGE OTHER COMPANY ASSETS
WHAT IS
MASTER DATA?
Master Data is the single
source of information that’s
important to your business.
In other words, master data
supports key business
processes and transactions.
WHAT IS
MASTER
DATA?
WHAT IS MDM?
The goal of master data management is to provide an accurate, current, complete
and relevant source of master data to support business processes and transactions.
Master Data Management is the management of
master data, a management discipline not just
referring to hardware and software but a complete
mindset about data as a critical asset.
Governance
and policies
Standards and
best practices
ToolsProcesses
and workflows
THIS INCLUDES
SUPPLIER DATA
Streamline supplier data
consistency and vendor
related data to quickly
onboard, evaluate and
manage suppliers.
CUSTOMER DATA
Customer is King. Manage
and maintain accurate,
complete, comprehensive
and timely customer data
across the enterprise.
PRODUCT DATA
Aquire, manage, and
publish product information
internally and externally to
drive the business.
COMMON
DATA MANAGEMENT
PROBLEMS
Most organizations, large and small, struggle
with data management issues, such as quality,
speed and availability.
COMMON DATA MANAGEMENT PROBLEMS INCLUDE
THE BENEFITS OF MASTER DATA MANAGEMENT INCLUDE
Data is commonly replicated across multiple
silos with little or no data governance processes
to manage or maintain the information.
VALUE OF MDM
Master Data Management address data challenges
by creating a single view of master data to support
effective decision making and business processes.
Accurate and timely information helps bring products
to market faster and gives you confidence when
making business decisions.
01
Improves customer experience and business insight
to drive business performance.
03
Increases operational efficiency by aligning organizational
and operational data.
02
Silos of critical information are
spread across the organization.
01
No one in the organization can agree
on the source of master data.
02
Data quality issues trigger failures of
business processes and transactions.
03
Decision makers make bad decisions
based on bad data.
05
Incorrect or missing data causes compliance
and performance management issues.
04
Consistent and reliable information across your enterprise
and sales channels increases revenues.
04
Decision Makers
Data Sources
INFORMATION-DRIVEN EXCELLENCE
MASTER
DATA
SOURCE
MASTER
DATA
SOURCE
Loss of revenue due to customers not having
quality information about products.
06
MASTER
DATA IS...
Create one version of the
truth of your strategic
assets and locations
throughout the value chain.
ASSETS AND
LOCATION DATA

Mais conteúdo relacionado

Mais procurados

CRM Needs A New Partner: MDM
CRM Needs A New Partner: MDMCRM Needs A New Partner: MDM
CRM Needs A New Partner: MDMProfisee
 
Customer analytics. Turn big data into big value
Customer analytics. Turn big data into big valueCustomer analytics. Turn big data into big value
Customer analytics. Turn big data into big valueJosep Arroyo
 
Building an Effective Data Governance Framework
Building an Effective Data Governance FrameworkBuilding an Effective Data Governance Framework
Building an Effective Data Governance FrameworkEnsighten
 
microsoft-dynamics-365-for-operations-factsheet
microsoft-dynamics-365-for-operations-factsheetmicrosoft-dynamics-365-for-operations-factsheet
microsoft-dynamics-365-for-operations-factsheetDeneys Minne
 
Affecto Informatica World Tour 2015: Total Customer Relationship with Informa...
Affecto Informatica World Tour 2015: Total Customer Relationship with Informa...Affecto Informatica World Tour 2015: Total Customer Relationship with Informa...
Affecto Informatica World Tour 2015: Total Customer Relationship with Informa...Affecto
 
microsoft-dynamics-365-for-operations-whats-new
microsoft-dynamics-365-for-operations-whats-newmicrosoft-dynamics-365-for-operations-whats-new
microsoft-dynamics-365-for-operations-whats-newDeneys Minne
 
Microsoft Dynamics 365 Business Central | Inovar Consulting
Microsoft Dynamics 365 Business Central | Inovar ConsultingMicrosoft Dynamics 365 Business Central | Inovar Consulting
Microsoft Dynamics 365 Business Central | Inovar ConsultingInovar Tech
 
State of Master Data Management, 2020
State of Master Data Management, 2020State of Master Data Management, 2020
State of Master Data Management, 2020Profisee
 
Microsoft Dynamics 365
Microsoft Dynamics 365Microsoft Dynamics 365
Microsoft Dynamics 365IOZ AG
 
Fueling Your Growth With Smart Data Management
Fueling Your Growth With Smart Data ManagementFueling Your Growth With Smart Data Management
Fueling Your Growth With Smart Data ManagementMDR
 
Informatica MDM Presentation
Informatica MDM PresentationInformatica MDM Presentation
Informatica MDM PresentationMaxHung
 
The Myth of Being "Ready" for MDM
The Myth of Being "Ready" for MDMThe Myth of Being "Ready" for MDM
The Myth of Being "Ready" for MDMProfisee
 
Master Data Management - Gartner Presentation
Master Data Management - Gartner PresentationMaster Data Management - Gartner Presentation
Master Data Management - Gartner Presentation303Computing
 
The rise of data - business value and the management imperatives
The rise of data - business value and the management imperativesThe rise of data - business value and the management imperatives
The rise of data - business value and the management imperativesSheriff Shitu
 
Making an Effective Business Case for Master Data Management
Making an Effective Business Case for Master Data ManagementMaking an Effective Business Case for Master Data Management
Making an Effective Business Case for Master Data ManagementProfisee
 
Steps to effective data governance program
Steps to effective data governance programSteps to effective data governance program
Steps to effective data governance programshopiawilson
 
Microsoft Dynamics 365 - Intelligent Business Applications
Microsoft Dynamics 365 - Intelligent Business ApplicationsMicrosoft Dynamics 365 - Intelligent Business Applications
Microsoft Dynamics 365 - Intelligent Business ApplicationsDavid J Rosenthal
 

Mais procurados (20)

CRM Needs A New Partner: MDM
CRM Needs A New Partner: MDMCRM Needs A New Partner: MDM
CRM Needs A New Partner: MDM
 
Customer analytics. Turn big data into big value
Customer analytics. Turn big data into big valueCustomer analytics. Turn big data into big value
Customer analytics. Turn big data into big value
 
Building an Effective Data Governance Framework
Building an Effective Data Governance FrameworkBuilding an Effective Data Governance Framework
Building an Effective Data Governance Framework
 
microsoft-dynamics-365-for-operations-factsheet
microsoft-dynamics-365-for-operations-factsheetmicrosoft-dynamics-365-for-operations-factsheet
microsoft-dynamics-365-for-operations-factsheet
 
Affecto Informatica World Tour 2015: Total Customer Relationship with Informa...
Affecto Informatica World Tour 2015: Total Customer Relationship with Informa...Affecto Informatica World Tour 2015: Total Customer Relationship with Informa...
Affecto Informatica World Tour 2015: Total Customer Relationship with Informa...
 
microsoft-dynamics-365-for-operations-whats-new
microsoft-dynamics-365-for-operations-whats-newmicrosoft-dynamics-365-for-operations-whats-new
microsoft-dynamics-365-for-operations-whats-new
 
Microsoft Dynamics 365 Business Central | Inovar Consulting
Microsoft Dynamics 365 Business Central | Inovar ConsultingMicrosoft Dynamics 365 Business Central | Inovar Consulting
Microsoft Dynamics 365 Business Central | Inovar Consulting
 
Cloud-based MDM/PIM Solutions
Cloud-based MDM/PIM SolutionsCloud-based MDM/PIM Solutions
Cloud-based MDM/PIM Solutions
 
State of Master Data Management, 2020
State of Master Data Management, 2020State of Master Data Management, 2020
State of Master Data Management, 2020
 
Microsoft Dynamics 365
Microsoft Dynamics 365Microsoft Dynamics 365
Microsoft Dynamics 365
 
Multidomain MDM at Amadeus
Multidomain MDM at AmadeusMultidomain MDM at Amadeus
Multidomain MDM at Amadeus
 
Fueling Your Growth With Smart Data Management
Fueling Your Growth With Smart Data ManagementFueling Your Growth With Smart Data Management
Fueling Your Growth With Smart Data Management
 
Informatica MDM Presentation
Informatica MDM PresentationInformatica MDM Presentation
Informatica MDM Presentation
 
The Myth of Being "Ready" for MDM
The Myth of Being "Ready" for MDMThe Myth of Being "Ready" for MDM
The Myth of Being "Ready" for MDM
 
Master Data Management - Gartner Presentation
Master Data Management - Gartner PresentationMaster Data Management - Gartner Presentation
Master Data Management - Gartner Presentation
 
The rise of data - business value and the management imperatives
The rise of data - business value and the management imperativesThe rise of data - business value and the management imperatives
The rise of data - business value and the management imperatives
 
5 reasons_infographic
5 reasons_infographic5 reasons_infographic
5 reasons_infographic
 
Making an Effective Business Case for Master Data Management
Making an Effective Business Case for Master Data ManagementMaking an Effective Business Case for Master Data Management
Making an Effective Business Case for Master Data Management
 
Steps to effective data governance program
Steps to effective data governance programSteps to effective data governance program
Steps to effective data governance program
 
Microsoft Dynamics 365 - Intelligent Business Applications
Microsoft Dynamics 365 - Intelligent Business ApplicationsMicrosoft Dynamics 365 - Intelligent Business Applications
Microsoft Dynamics 365 - Intelligent Business Applications
 

Destaque

TekMindz Master Data Management Capabilities
TekMindz Master Data Management CapabilitiesTekMindz Master Data Management Capabilities
TekMindz Master Data Management CapabilitiesAkshay Pandita
 
Creating an Effective MDM Strategy for Salesforce
Creating an Effective MDM Strategy for SalesforceCreating an Effective MDM Strategy for Salesforce
Creating an Effective MDM Strategy for SalesforcePerficient, Inc.
 
The what, why, and how of master data management
The what, why, and how of master data managementThe what, why, and how of master data management
The what, why, and how of master data managementMohammad Yousri
 
Gartner: Master Data Management Functionality
Gartner: Master Data Management FunctionalityGartner: Master Data Management Functionality
Gartner: Master Data Management FunctionalityGartner
 
Master Data Management
Master Data ManagementMaster Data Management
Master Data ManagementSung Kuan
 
Introduction to Microsoft’s Master Data Services (MDS)
Introduction to Microsoft’s Master Data Services (MDS)Introduction to Microsoft’s Master Data Services (MDS)
Introduction to Microsoft’s Master Data Services (MDS)James Serra
 
Overcoming the Challenges of your Master Data Management Journey
Overcoming the Challenges of your Master Data Management JourneyOvercoming the Challenges of your Master Data Management Journey
Overcoming the Challenges of your Master Data Management JourneyJean-Michel Franco
 
How to identify the correct Master Data subject areas & tooling for your MDM...
How to identify the correct Master Data subject areas & tooling for your MDM...How to identify the correct Master Data subject areas & tooling for your MDM...
How to identify the correct Master Data subject areas & tooling for your MDM...Christopher Bradley
 
MDM Strategy & Roadmap
MDM Strategy & RoadmapMDM Strategy & Roadmap
MDM Strategy & Roadmapvictorlbrown
 

Destaque (9)

TekMindz Master Data Management Capabilities
TekMindz Master Data Management CapabilitiesTekMindz Master Data Management Capabilities
TekMindz Master Data Management Capabilities
 
Creating an Effective MDM Strategy for Salesforce
Creating an Effective MDM Strategy for SalesforceCreating an Effective MDM Strategy for Salesforce
Creating an Effective MDM Strategy for Salesforce
 
The what, why, and how of master data management
The what, why, and how of master data managementThe what, why, and how of master data management
The what, why, and how of master data management
 
Gartner: Master Data Management Functionality
Gartner: Master Data Management FunctionalityGartner: Master Data Management Functionality
Gartner: Master Data Management Functionality
 
Master Data Management
Master Data ManagementMaster Data Management
Master Data Management
 
Introduction to Microsoft’s Master Data Services (MDS)
Introduction to Microsoft’s Master Data Services (MDS)Introduction to Microsoft’s Master Data Services (MDS)
Introduction to Microsoft’s Master Data Services (MDS)
 
Overcoming the Challenges of your Master Data Management Journey
Overcoming the Challenges of your Master Data Management JourneyOvercoming the Challenges of your Master Data Management Journey
Overcoming the Challenges of your Master Data Management Journey
 
How to identify the correct Master Data subject areas & tooling for your MDM...
How to identify the correct Master Data subject areas & tooling for your MDM...How to identify the correct Master Data subject areas & tooling for your MDM...
How to identify the correct Master Data subject areas & tooling for your MDM...
 
MDM Strategy & Roadmap
MDM Strategy & RoadmapMDM Strategy & Roadmap
MDM Strategy & Roadmap
 

Semelhante a What is master data?

The Purpose of Data Management Service
The Purpose of Data Management Service The Purpose of Data Management Service
The Purpose of Data Management Service qrsolutionsindia
 
Master Data Management
Master Data ManagementMaster Data Management
Master Data ManagementSabir Akhtar
 
Discover the Key to Effective Data Management_ Master Data Management Explain...
Discover the Key to Effective Data Management_ Master Data Management Explain...Discover the Key to Effective Data Management_ Master Data Management Explain...
Discover the Key to Effective Data Management_ Master Data Management Explain...Anil
 
Preparing For a Master Data Management Implemenation
Preparing For a Master Data Management ImplemenationPreparing For a Master Data Management Implemenation
Preparing For a Master Data Management ImplemenationInnovative_Systems
 
Master Data Management Solutions to Unlock the Potential of your Business
Master Data Management Solutions to Unlock the Potential of your BusinessMaster Data Management Solutions to Unlock the Potential of your Business
Master Data Management Solutions to Unlock the Potential of your BusinessAjitAhan
 
Adopting a Process-Driven Approach to Master Data Management
Adopting a Process-Driven Approach to Master Data ManagementAdopting a Process-Driven Approach to Master Data Management
Adopting a Process-Driven Approach to Master Data ManagementSoftware AG
 
The Business Value of Metadata for Data Governance
The Business Value of Metadata for Data GovernanceThe Business Value of Metadata for Data Governance
The Business Value of Metadata for Data GovernanceRoland Bullivant
 
Master Data Management: An Enterprise’s Key Asset to Bring Clean Corporate Ma...
Master Data Management: An Enterprise’s Key Asset to Bring Clean Corporate Ma...Master Data Management: An Enterprise’s Key Asset to Bring Clean Corporate Ma...
Master Data Management: An Enterprise’s Key Asset to Bring Clean Corporate Ma...garry thomos
 
Rob Karel - Ensuring The Value Of Your Trusted Data - Data Quality Summit 2008
Rob Karel - Ensuring The Value Of Your Trusted Data - Data Quality Summit 2008Rob Karel - Ensuring The Value Of Your Trusted Data - Data Quality Summit 2008
Rob Karel - Ensuring The Value Of Your Trusted Data - Data Quality Summit 2008DataValueTalk
 
Master Data-Driven Decision-Making in 2024
Master Data-Driven Decision-Making in 2024Master Data-Driven Decision-Making in 2024
Master Data-Driven Decision-Making in 2024USDSI
 
Business Data is your Competitive Asset. Is that how you use it?
Business Data is your Competitive Asset.  Is that how you use it?Business Data is your Competitive Asset.  Is that how you use it?
Business Data is your Competitive Asset. Is that how you use it?Fraunhofer Project Center @ UT
 
Sovling data and governance august 2019
Sovling data and governance august 2019Sovling data and governance august 2019
Sovling data and governance august 2019tjabali
 
Enterprise-Level Preparation for Master Data Management.pdf
Enterprise-Level Preparation for Master Data Management.pdfEnterprise-Level Preparation for Master Data Management.pdf
Enterprise-Level Preparation for Master Data Management.pdfAmeliaWong21
 
The Missing Link in Enterprise Data Governance - Automated Metadata Management
The Missing Link in Enterprise Data Governance - Automated Metadata ManagementThe Missing Link in Enterprise Data Governance - Automated Metadata Management
The Missing Link in Enterprise Data Governance - Automated Metadata ManagementDATAVERSITY
 
MDM - The Key to Successful Customer Experience Managment
MDM - The Key to Successful Customer Experience ManagmentMDM - The Key to Successful Customer Experience Managment
MDM - The Key to Successful Customer Experience ManagmentEarley Information Science
 

Semelhante a What is master data? (20)

The Purpose of Data Management Service
The Purpose of Data Management Service The Purpose of Data Management Service
The Purpose of Data Management Service
 
Master Data Management
Master Data ManagementMaster Data Management
Master Data Management
 
Discover the Key to Effective Data Management_ Master Data Management Explain...
Discover the Key to Effective Data Management_ Master Data Management Explain...Discover the Key to Effective Data Management_ Master Data Management Explain...
Discover the Key to Effective Data Management_ Master Data Management Explain...
 
Data Management
Data ManagementData Management
Data Management
 
Preparing For a Master Data Management Implemenation
Preparing For a Master Data Management ImplemenationPreparing For a Master Data Management Implemenation
Preparing For a Master Data Management Implemenation
 
Master Data Management Solutions to Unlock the Potential of your Business
Master Data Management Solutions to Unlock the Potential of your BusinessMaster Data Management Solutions to Unlock the Potential of your Business
Master Data Management Solutions to Unlock the Potential of your Business
 
Adopting a Process-Driven Approach to Master Data Management
Adopting a Process-Driven Approach to Master Data ManagementAdopting a Process-Driven Approach to Master Data Management
Adopting a Process-Driven Approach to Master Data Management
 
The Business Value of Metadata for Data Governance
The Business Value of Metadata for Data GovernanceThe Business Value of Metadata for Data Governance
The Business Value of Metadata for Data Governance
 
Best Practices in MDM, OAUG COLLABORATE 09
Best Practices in MDM, OAUG COLLABORATE 09Best Practices in MDM, OAUG COLLABORATE 09
Best Practices in MDM, OAUG COLLABORATE 09
 
Best Practices in MDM, Oracle OpenWorld 2009
Best Practices in MDM, Oracle OpenWorld 2009Best Practices in MDM, Oracle OpenWorld 2009
Best Practices in MDM, Oracle OpenWorld 2009
 
Tag dg 101 march 2017
Tag dg 101 march 2017Tag dg 101 march 2017
Tag dg 101 march 2017
 
White paper
White paperWhite paper
White paper
 
Master Data Management: An Enterprise’s Key Asset to Bring Clean Corporate Ma...
Master Data Management: An Enterprise’s Key Asset to Bring Clean Corporate Ma...Master Data Management: An Enterprise’s Key Asset to Bring Clean Corporate Ma...
Master Data Management: An Enterprise’s Key Asset to Bring Clean Corporate Ma...
 
Rob Karel - Ensuring The Value Of Your Trusted Data - Data Quality Summit 2008
Rob Karel - Ensuring The Value Of Your Trusted Data - Data Quality Summit 2008Rob Karel - Ensuring The Value Of Your Trusted Data - Data Quality Summit 2008
Rob Karel - Ensuring The Value Of Your Trusted Data - Data Quality Summit 2008
 
Master Data-Driven Decision-Making in 2024
Master Data-Driven Decision-Making in 2024Master Data-Driven Decision-Making in 2024
Master Data-Driven Decision-Making in 2024
 
Business Data is your Competitive Asset. Is that how you use it?
Business Data is your Competitive Asset.  Is that how you use it?Business Data is your Competitive Asset.  Is that how you use it?
Business Data is your Competitive Asset. Is that how you use it?
 
Sovling data and governance august 2019
Sovling data and governance august 2019Sovling data and governance august 2019
Sovling data and governance august 2019
 
Enterprise-Level Preparation for Master Data Management.pdf
Enterprise-Level Preparation for Master Data Management.pdfEnterprise-Level Preparation for Master Data Management.pdf
Enterprise-Level Preparation for Master Data Management.pdf
 
The Missing Link in Enterprise Data Governance - Automated Metadata Management
The Missing Link in Enterprise Data Governance - Automated Metadata ManagementThe Missing Link in Enterprise Data Governance - Automated Metadata Management
The Missing Link in Enterprise Data Governance - Automated Metadata Management
 
MDM - The Key to Successful Customer Experience Managment
MDM - The Key to Successful Customer Experience ManagmentMDM - The Key to Successful Customer Experience Managment
MDM - The Key to Successful Customer Experience Managment
 

Último

Apidays New York 2024 - Passkeys: Developing APIs to enable passwordless auth...
Apidays New York 2024 - Passkeys: Developing APIs to enable passwordless auth...Apidays New York 2024 - Passkeys: Developing APIs to enable passwordless auth...
Apidays New York 2024 - Passkeys: Developing APIs to enable passwordless auth...apidays
 
Exploring Multimodal Embeddings with Milvus
Exploring Multimodal Embeddings with MilvusExploring Multimodal Embeddings with Milvus
Exploring Multimodal Embeddings with MilvusZilliz
 
Apidays New York 2024 - Accelerating FinTech Innovation by Vasa Krishnan, Fin...
Apidays New York 2024 - Accelerating FinTech Innovation by Vasa Krishnan, Fin...Apidays New York 2024 - Accelerating FinTech Innovation by Vasa Krishnan, Fin...
Apidays New York 2024 - Accelerating FinTech Innovation by Vasa Krishnan, Fin...apidays
 
Mcleodganj Call Girls 🥰 8617370543 Service Offer VIP Hot Model
Mcleodganj Call Girls 🥰 8617370543 Service Offer VIP Hot ModelMcleodganj Call Girls 🥰 8617370543 Service Offer VIP Hot Model
Mcleodganj Call Girls 🥰 8617370543 Service Offer VIP Hot ModelDeepika Singh
 
Finding Java's Hidden Performance Traps @ DevoxxUK 2024
Finding Java's Hidden Performance Traps @ DevoxxUK 2024Finding Java's Hidden Performance Traps @ DevoxxUK 2024
Finding Java's Hidden Performance Traps @ DevoxxUK 2024Victor Rentea
 
MINDCTI Revenue Release Quarter One 2024
MINDCTI Revenue Release Quarter One 2024MINDCTI Revenue Release Quarter One 2024
MINDCTI Revenue Release Quarter One 2024MIND CTI
 
Corporate and higher education May webinar.pptx
Corporate and higher education May webinar.pptxCorporate and higher education May webinar.pptx
Corporate and higher education May webinar.pptxRustici Software
 
Six Myths about Ontologies: The Basics of Formal Ontology
Six Myths about Ontologies: The Basics of Formal OntologySix Myths about Ontologies: The Basics of Formal Ontology
Six Myths about Ontologies: The Basics of Formal Ontologyjohnbeverley2021
 
Artificial Intelligence Chap.5 : Uncertainty
Artificial Intelligence Chap.5 : UncertaintyArtificial Intelligence Chap.5 : Uncertainty
Artificial Intelligence Chap.5 : UncertaintyKhushali Kathiriya
 
ProductAnonymous-April2024-WinProductDiscovery-MelissaKlemke
ProductAnonymous-April2024-WinProductDiscovery-MelissaKlemkeProductAnonymous-April2024-WinProductDiscovery-MelissaKlemke
ProductAnonymous-April2024-WinProductDiscovery-MelissaKlemkeProduct Anonymous
 
FWD Group - Insurer Innovation Award 2024
FWD Group - Insurer Innovation Award 2024FWD Group - Insurer Innovation Award 2024
FWD Group - Insurer Innovation Award 2024The Digital Insurer
 
Rising Above_ Dubai Floods and the Fortitude of Dubai International Airport.pdf
Rising Above_ Dubai Floods and the Fortitude of Dubai International Airport.pdfRising Above_ Dubai Floods and the Fortitude of Dubai International Airport.pdf
Rising Above_ Dubai Floods and the Fortitude of Dubai International Airport.pdfOrbitshub
 
CNIC Information System with Pakdata Cf In Pakistan
CNIC Information System with Pakdata Cf In PakistanCNIC Information System with Pakdata Cf In Pakistan
CNIC Information System with Pakdata Cf In Pakistandanishmna97
 
ICT role in 21st century education and its challenges
ICT role in 21st century education and its challengesICT role in 21st century education and its challenges
ICT role in 21st century education and its challengesrafiqahmad00786416
 
DEV meet-up UiPath Document Understanding May 7 2024 Amsterdam
DEV meet-up UiPath Document Understanding May 7 2024 AmsterdamDEV meet-up UiPath Document Understanding May 7 2024 Amsterdam
DEV meet-up UiPath Document Understanding May 7 2024 AmsterdamUiPathCommunity
 
Why Teams call analytics are critical to your entire business
Why Teams call analytics are critical to your entire businessWhy Teams call analytics are critical to your entire business
Why Teams call analytics are critical to your entire businesspanagenda
 
[BuildWithAI] Introduction to Gemini.pdf
[BuildWithAI] Introduction to Gemini.pdf[BuildWithAI] Introduction to Gemini.pdf
[BuildWithAI] Introduction to Gemini.pdfSandro Moreira
 
How to Troubleshoot Apps for the Modern Connected Worker
How to Troubleshoot Apps for the Modern Connected WorkerHow to Troubleshoot Apps for the Modern Connected Worker
How to Troubleshoot Apps for the Modern Connected WorkerThousandEyes
 
AWS Community Day CPH - Three problems of Terraform
AWS Community Day CPH - Three problems of TerraformAWS Community Day CPH - Three problems of Terraform
AWS Community Day CPH - Three problems of TerraformAndrey Devyatkin
 

Último (20)

Apidays New York 2024 - Passkeys: Developing APIs to enable passwordless auth...
Apidays New York 2024 - Passkeys: Developing APIs to enable passwordless auth...Apidays New York 2024 - Passkeys: Developing APIs to enable passwordless auth...
Apidays New York 2024 - Passkeys: Developing APIs to enable passwordless auth...
 
Exploring Multimodal Embeddings with Milvus
Exploring Multimodal Embeddings with MilvusExploring Multimodal Embeddings with Milvus
Exploring Multimodal Embeddings with Milvus
 
Apidays New York 2024 - Accelerating FinTech Innovation by Vasa Krishnan, Fin...
Apidays New York 2024 - Accelerating FinTech Innovation by Vasa Krishnan, Fin...Apidays New York 2024 - Accelerating FinTech Innovation by Vasa Krishnan, Fin...
Apidays New York 2024 - Accelerating FinTech Innovation by Vasa Krishnan, Fin...
 
Mcleodganj Call Girls 🥰 8617370543 Service Offer VIP Hot Model
Mcleodganj Call Girls 🥰 8617370543 Service Offer VIP Hot ModelMcleodganj Call Girls 🥰 8617370543 Service Offer VIP Hot Model
Mcleodganj Call Girls 🥰 8617370543 Service Offer VIP Hot Model
 
Finding Java's Hidden Performance Traps @ DevoxxUK 2024
Finding Java's Hidden Performance Traps @ DevoxxUK 2024Finding Java's Hidden Performance Traps @ DevoxxUK 2024
Finding Java's Hidden Performance Traps @ DevoxxUK 2024
 
+971581248768>> SAFE AND ORIGINAL ABORTION PILLS FOR SALE IN DUBAI AND ABUDHA...
+971581248768>> SAFE AND ORIGINAL ABORTION PILLS FOR SALE IN DUBAI AND ABUDHA...+971581248768>> SAFE AND ORIGINAL ABORTION PILLS FOR SALE IN DUBAI AND ABUDHA...
+971581248768>> SAFE AND ORIGINAL ABORTION PILLS FOR SALE IN DUBAI AND ABUDHA...
 
MINDCTI Revenue Release Quarter One 2024
MINDCTI Revenue Release Quarter One 2024MINDCTI Revenue Release Quarter One 2024
MINDCTI Revenue Release Quarter One 2024
 
Corporate and higher education May webinar.pptx
Corporate and higher education May webinar.pptxCorporate and higher education May webinar.pptx
Corporate and higher education May webinar.pptx
 
Six Myths about Ontologies: The Basics of Formal Ontology
Six Myths about Ontologies: The Basics of Formal OntologySix Myths about Ontologies: The Basics of Formal Ontology
Six Myths about Ontologies: The Basics of Formal Ontology
 
Artificial Intelligence Chap.5 : Uncertainty
Artificial Intelligence Chap.5 : UncertaintyArtificial Intelligence Chap.5 : Uncertainty
Artificial Intelligence Chap.5 : Uncertainty
 
ProductAnonymous-April2024-WinProductDiscovery-MelissaKlemke
ProductAnonymous-April2024-WinProductDiscovery-MelissaKlemkeProductAnonymous-April2024-WinProductDiscovery-MelissaKlemke
ProductAnonymous-April2024-WinProductDiscovery-MelissaKlemke
 
FWD Group - Insurer Innovation Award 2024
FWD Group - Insurer Innovation Award 2024FWD Group - Insurer Innovation Award 2024
FWD Group - Insurer Innovation Award 2024
 
Rising Above_ Dubai Floods and the Fortitude of Dubai International Airport.pdf
Rising Above_ Dubai Floods and the Fortitude of Dubai International Airport.pdfRising Above_ Dubai Floods and the Fortitude of Dubai International Airport.pdf
Rising Above_ Dubai Floods and the Fortitude of Dubai International Airport.pdf
 
CNIC Information System with Pakdata Cf In Pakistan
CNIC Information System with Pakdata Cf In PakistanCNIC Information System with Pakdata Cf In Pakistan
CNIC Information System with Pakdata Cf In Pakistan
 
ICT role in 21st century education and its challenges
ICT role in 21st century education and its challengesICT role in 21st century education and its challenges
ICT role in 21st century education and its challenges
 
DEV meet-up UiPath Document Understanding May 7 2024 Amsterdam
DEV meet-up UiPath Document Understanding May 7 2024 AmsterdamDEV meet-up UiPath Document Understanding May 7 2024 Amsterdam
DEV meet-up UiPath Document Understanding May 7 2024 Amsterdam
 
Why Teams call analytics are critical to your entire business
Why Teams call analytics are critical to your entire businessWhy Teams call analytics are critical to your entire business
Why Teams call analytics are critical to your entire business
 
[BuildWithAI] Introduction to Gemini.pdf
[BuildWithAI] Introduction to Gemini.pdf[BuildWithAI] Introduction to Gemini.pdf
[BuildWithAI] Introduction to Gemini.pdf
 
How to Troubleshoot Apps for the Modern Connected Worker
How to Troubleshoot Apps for the Modern Connected WorkerHow to Troubleshoot Apps for the Modern Connected Worker
How to Troubleshoot Apps for the Modern Connected Worker
 
AWS Community Day CPH - Three problems of Terraform
AWS Community Day CPH - Three problems of TerraformAWS Community Day CPH - Three problems of Terraform
AWS Community Day CPH - Three problems of Terraform
 

What is master data?

  • 1. MASTER DATA SOURCE MASTER DATA SOURCE MANAGE YOUR DATA THE WAY YOU MANAGE YOUR COMPANY Resources Finances People Inventory Time Data is your company’s most valuable asset. Master Data Management (MDM) lets you realize its full potential. YOU MANAGE OTHER COMPANY ASSETS WHAT IS MASTER DATA? Master Data is the single source of information that’s important to your business. In other words, master data supports key business processes and transactions. WHAT IS MASTER DATA? WHAT IS MDM? The goal of master data management is to provide an accurate, current, complete and relevant source of master data to support business processes and transactions. Master Data Management is the management of master data, a management discipline not just referring to hardware and software but a complete mindset about data as a critical asset. Governance and policies Standards and best practices ToolsProcesses and workflows THIS INCLUDES SUPPLIER DATA Streamline supplier data consistency and vendor related data to quickly onboard, evaluate and manage suppliers. CUSTOMER DATA Customer is King. Manage and maintain accurate, complete, comprehensive and timely customer data across the enterprise. PRODUCT DATA Aquire, manage, and publish product information internally and externally to drive the business. COMMON DATA MANAGEMENT PROBLEMS Most organizations, large and small, struggle with data management issues, such as quality, speed and availability. COMMON DATA MANAGEMENT PROBLEMS INCLUDE THE BENEFITS OF MASTER DATA MANAGEMENT INCLUDE Data is commonly replicated across multiple silos with little or no data governance processes to manage or maintain the information. VALUE OF MDM Master Data Management address data challenges by creating a single view of master data to support effective decision making and business processes. Accurate and timely information helps bring products to market faster and gives you confidence when making business decisions. 01 Improves customer experience and business insight to drive business performance. 03 Increases operational efficiency by aligning organizational and operational data. 02 Silos of critical information are spread across the organization. 01 No one in the organization can agree on the source of master data. 02 Data quality issues trigger failures of business processes and transactions. 03 Decision makers make bad decisions based on bad data. 05 Incorrect or missing data causes compliance and performance management issues. 04 Consistent and reliable information across your enterprise and sales channels increases revenues. 04 Decision Makers Data Sources INFORMATION-DRIVEN EXCELLENCE MASTER DATA SOURCE MASTER DATA SOURCE Loss of revenue due to customers not having quality information about products. 06 MASTER DATA IS... Create one version of the truth of your strategic assets and locations throughout the value chain. ASSETS AND LOCATION DATA